Volvo Car Malaysia (VCM) has signed a Leasing Service Agreement with MyMotor (MYEG Fintech) to introduce Volvo Car Leasing – a service that will let customers enjoy stress-free Volvo ownership, minus the usual financial strain of a hire-purchase agreement.The closed-door signing ceremony was held at the Volvo Car Malaysia headquarters and was attended by Lennart Stegland, Managing Director of Volvo Car Malaysia, and Justin Cheah, Chief Executive Officer of MyMotor.
Volvo Car Leasing, a first for Volvo Cars in the Southeast Asia region, offers customers an opportunity to drive a Volvo, worry-free, with the insurance, road tax, maintenance cost, and warranty covered. Additionally, at the end of the leasing agreement, customers could either choose to select a new model to drive home, purchase the car at market rate or Future Guaranteed Value (FGV), or simply return the car to the dealership.
“Our company philosophy is centred around people, their needs and what they care about. Now with Volvo Car Leasing, our customers are able to choose an appropriate model based on their current need or station in life and change it when the need arises,” said Stegland.
The programme will be available for all Volvo models sold in Malaysia, at all participating dealerships. Customers can drive home a new Volvo from as low as RM2,762 per month which is inclusive of a comprehensive insurance package, road tax, and maintenance cost.
“Every Volvo leased under this programme comes complete with our Volvo Service Agreement Plus (VSA+) which covers a list of service actions including a wide range of wear and tear items, giving the customer peace of mind in when it comes to his or her Volvo ownership experience,” added Stegland.
Volvo Car Leasing also allows customers greater financial flexibility when compared to a typical hire-purchase agreement, freeing up valuable credit to purchase other assets on top of not having to worry about incidentals related to car ownership.
“Based on our calculation, a customer could potentially save more with this leasing programme when compared to a hire-purchase agreement. At the end of the lease, the customer could renew the agreement and drive home a brand-new unit of the same model or opt to upgrade his lease agreement with a different model,” said Cheah.
“In comparison to a traditional hire-purchase agreement, Volvo Car Leasing encompasses most of the cost involved with car ownership. This convenience should also prove to be very appealing to company or fleet purchasers,” Cheah added.
Cheah explained that with Volvo Car Leasing, customer would not have to be concerned about disposing or selling the cars at the end of the agreement – something which is a given when it comes to a hire-purchase agreement.
In conjunction with the launch of Volvo Car Leasing all models will be offered with a promotional rate that is applicable from today till 31 August 2018. Volvo Car Leasing will also be offering free petrol vouchers worth RM300 for all bookings received within this promotional period.
For more information on the available models, applicable rates, VSA+, and Volvo Car Leasing and any current promotions, please visit Volvo Car Malaysia’s webpage at: volvocars.com/my. Alternatively, contact your preferred Volvo dealership for further assistance.