How to finance a Volvo

This Swedish automaker has earned a reputation for building secure and reliable premium cars. But they come at a hefty price. Luckily, you have a few financing options to consider — from securing a loan through an online lender or going directly through your Volvo dealer.

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How can I finance a Volvo?

If you’re prepared to use the car you’re buying as collateral, a secured car loan from a bank, credit union or online lender will usually offer the most competitive rates. However, it can take a few days to compare lenders and complete the application process. Another option is to take out an unsecured personal loan. This will likely come with higher rates, though, since your car won’t be used as collateral.

More concerned about getting behind the wheel of your new Volvo as fast as possible? Then financing directly through Volvo Car Financial Services may be your best bet. While this will typically come with higher rates, you can often pick out your car, secure financing and drive home all in the same day. You have two options to consider:

• Financing through Volvo Car Financial Services. Volvo offers financing directly through its authorized dealers. While promotions vary depending on where you live, past offers include a $6,000 purchase bonus on the 2018 V90 Cross Country.*
• Leasing through Volvo Car Financial Services. This is ideal if you like to switch up your car every few years. It’s essentially like renting a Volvo for a specified number of miles and years. At the end of the contract, you can return the car, upgrade to a new model or buy it outright. Past offers include leasing the 2019 XC90 for $545 a month for 39 months with $4,645 due at signing.

You may find that your local dealership offers its own special promotions as well. And as always, the rates and terms you qualify for will depend on your credit history and personal financial situation.

_{*Rates as of December 6, 2018.}

Read our review of Volvo Car Financial Services

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Name	Product	Minimum credit score	APR	Loan term	Requirements
Carvana		No minimum credit score	3.9% to 27.9%	Varies	18+ years old, annual income of $4,000+, no active bankruptcies	Get pre-qualified for used car financing and receive competitive, personalized rates.	Go to site More Info	Compare	loading Fetching your data...
car.Loan.com Car Loans		300	Varies by network lender	Varies by lender	Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.	Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.	Go to site More Info	Compare	loading Fetching your data...
CarsDirect auto loans		No minimum credit score	Varies by network lender	Varies by network lender	Must provide proof of income, proof of residence, and proof of insurance.	Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.	Go to site More Info	Compare	loading Fetching your data...
Auto Credit Express Car Loans		300	Varies	Varies	Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.	Get connected with an auto lender near you, even if you have bad credit.	Go to site More Info	Compare	loading Fetching your data...
Monevo Auto Loans		500	3.99% to 35.99%	3 months to 12 years	Credit score of 500+, legal US resident and ages 18+.	Quickly compare multiple online lenders with competitive rates depending on your credit.	Go to site More Info	Compare	loading Fetching your data...
LendingTree		Good to excellent credit	Starting at 0.99%	Varies by lender	18+ years old, good to excellent credit, US citizen	Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.	More Info	Compare	loading Fetching your data...
myAutoloan.com Car Loans		550	Starting at 1.89%		550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old	Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.	Go to site More Info	Compare	loading Fetching your data...

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Does Volvo offer special discounts or programs?

Volvo offers special deals for military members who buy a new car while deployed overseas. Volvo also offers Volvo Care, which combines maintenance costs and insurance with your monthly car payment. See your Volvo dealership for more details.

How much will a new Volvo cost me?

When you’re looking for a Volvo, you can expect to pay anywhere from $33,700 to $52,300 or more for the basic trim of a 2019 model. However, the actual price you pay for your new Volvo will depend on where you live, your negotiating skills and any special promotions you qualify for.

Choose a type

Cars

SUVs

Cars

S60

• Starting MSRP: $35,800
• Build: Sedan
• City/highway MPG: 24/36

S90

• Starting MSRP: $48,100
• Build: Sedan
• City/highway MPG: 24/34

SUVs

XC40

• Starting MSRP: $33,700
• Build: SUV
• City/highway MPG: 23/33

V60

• Starting MSRP: $38,900
• Build: SUV
• City/highway MPG: Not available

XC60

• Starting MSRP: $39,800
• Build: SUV
• City/highway MPG: 22/29

XC90

• Starting MSRP: $47,700
• Build: SUV
• City/highway MPG: 21/29

V90

• Starting MSRP: $52,300
• Build: SUV
• City/highway MPG: 23/31

SUVs

• Volvo XC90. This SUV is a serious rival to the Range Rover and other luxury brands. Top-of-the-line Excellence models feature massage- and temperature-controlled seats as well as a fridge with room for two wine bottles.
• Volvo XC60. This midsize luxury SUV has won several awards including World Car of the Year for 2018. It features advanced driving assists and safety technology that rival the competition.
• Volvo XC40. Options for this compact SUV include adaptive cruise control, parking assist, a 360-degree camera and an upgraded sound system, among others.

Wagons

• Volvo V90 Cross Country. This crossover is perfect for those living in or traveling to areas less ventured, including unpaved roads and rough tracks.
• Volvo V60 Cross Country. A practical and well-received wagon with all of Volvo’s trademark technology.

Sedans

• Volvo S90. An executive sedan version of the V90 wagon, this car has won awards for its roomier backseat that rivals the competition.
• Volvo S60. A smaller sedan with several trim options from the everyday Momentum specification to the performance-enhanced Polestar model.

Average insurance rates for driving a Volvo

Does a new Volvo come with a warranty?

Yes, all new Volvos come with a four-year, 50,000-mile limited and powertrain warranty. And it goes one step further to offer an industry-leading three-year, 36,000-mile complimentary scheduled maintenance plan as well.

Bottom line

Volvo is known as one of the most innovative brands in the business, and it’s easy to see why. If you’ve got your heart set on one, you can finance it on your own through a bank or online lender to score a more competitive rate. But if speed is your main concern, you may want to go directly through an authorized Volvo dealer.

Compare lenders and learn more about how car loans work with our comprehensive guide.

Frequently asked questions about Volvo financing

• Should I buy a new or used Volvo?

  New Volvos offer a long warranty and support from a dealer with the option to tailor the color, trim and features to create the exact car you want. Buying from the manufacturer is often easier than arranging your own financing and handling all the ensuing paperwork. However, the downside to buying a new car is the high sticker price and depreciation when it comes to selling it.

  On the other hand, if you opt for a used but well-loved Volvo, you could save on depreciation. But there’s the risk you’re purchasing from an untrustworthy seller who’s passing you a lemon. If you don’t know much about cars, take someone along with you who does.

• Which Volvo should I buy?

  This really depends on your personal taste and circumstances. If you have a family and want a bit more room, go for one of the SUV or wagon models. Volvo wagons are legendary for their safety, reliability and high build quality.

• I'm looking for a luxury SUV. Is Volvo a good choice?

  Yes. The XC90 is a true Range Rover competitor with a fridge and massage seats, though these comforts come at a premium price.