Volvo protects
April 6th, 2009 by Richard Aucock
VOLVO has become the latest car maker to introduce a payment protection incentive scheme.
Offered on new C30, S40 and V50 models, the scheme follows Honda’s lead in protecting new car buyers if they are made redundant.
Volvo will offer the PPI insurance for all new car buyers who use the maker’s 5.9 percent APR car finance scheme.
Providing, says Volvo, ‘the answer to those people needing a new car, but who have been put off making a major purchase because they are anxious about their job stability.’
Peter Rask, MD for Volvo UK, said: ‘We appreciate that this is a difficult time for many people up and down the country.
‘However, we also believe that there are many customers who still want to buy a car safe in the knowledge that should the worst happen and they are made redundant, they can still keep their car and continue to transport their family safely.’
The scheme covers buyers for up to 18 months of the three-year finance contract.
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