Volvo Finance Australia

Whether its a V40 or XC90, our guide will help you understand the different Volvo financing options.

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Volvo is a Swedish automaker with a well-earned reputation for building secure and reliable premium cars. Volvo has pioneered many safety features that are now industry standards. For example, the company developed the first three-point seat belt in 1959, but then admirably gave up the patent rights so that all car makers could adopt this life-saving invention.

Volvo also created the rearward-facing child safety seat, side-impact airbags and blind spot monitoring. Volvo continues to be early-adopters, announcing that from 2019, all new Volvo models will be electric or hybrid powered.

Prices in this guide are for postcode 2000.

Volvo Australia models

In Australia, Volvo sells eight models.

SUVs

  • Volvo XC90 - A serious rival to the Range Rover and other luxury SUVs, available with a diesel, petrol or electric/petrol hybrid engine. Top of the range Excellence models feature massage, temperature controlled seats, a fridge with room for two wine bottles and a set of matching Swedish crystal glasses to drink from. Prices start at $93,900.
  • Volvo XC60 - The XC60 has won several awards including Drive’s car of the year and the World Car of the Year for 2018. This midsize luxury SUV features advanced driving assists and safety technology. XC60 prices start at $69,000.
  • Volvo XC40 - Volvo’s first compact SUV, available as a diesel or petrol. Options include adaptive cruise control, a parking assist pilot, a 360-degree camera and a Harmon Kardon sound system, among others. Prices start around $48,000 before on-road costs.

Wagons

  • Volvo V90 Cross Country - The imposing Cross Country V90 Wagon is perfect for those living in or travelling to areas less ventured, including unsealed roads and rough tracks. Prices start at $110,000 for a 2.0L Diesel AWD model with an 8-speed automatic gearbox.
  • Volvo V60 - A practical and well-received Wagon with all of Volvo’s trademark technology. Available with a petrol or diesel engine and several trim levels to suit most buyers. Also available as a Cross Country model or in sporty Polestar guise.
  • Volvo V40 - More of a hatch than a wagon, the V40 is perfect for those living in metro areas. Comes with a 2.0L Diesel or a 1.5L Petrol engine and retails around $45,000. Volvo also makes a Cross Country model and a racey R-Design trim variant.

Sedans

  • S90 - An executive sedan version of the V90 wagon. Volvo offers three trims for the S90 - Momentum, R-Design and Inscription. Inscription S90s have a hybrid petrol/electric drive option. Prices start around $89,500.
  • S60 - A smaller sedan with several trim options from the everyday Momentum specification to the performance-enhanced Polestar model. Starting price is $55,800.

Volvo operates a 30 strong dealership network nationwide.

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Finance offers for a new Volvo

Explore Volvo financing options, including consumer loans, chattel mortgages, novated leasing or secure/unsecured car loans.

  • Volvo Australia chattel mortgage. Volvo displays chattel mortgage deals on its website. To qualify for a chattel mortgage, you must hold an Australian Business Number (ABN). A chattel mortgage is similar to a secured car loan only the vehicle must see at least 50% business use. As a bonus, chattel mortgages can provide more favourable rates and you become the owner of the vehicle right from the off, while the lender has a registered interest in the car. Volvo secured chattel mortgages require a 12-15% deposit and a 20% balloon payment at the end of the lease term, although dealers can arrange up to 100% finance for approved customers and even offer payment breaks when it’s time to renew your insurance. For more information on this financing route, read our chattel mortgage guide.
  • Secured loan or car loan. If you’re prepared to use the vehicle as security for your borrowing, a secured car loan is one option to consider. Generally, secured loans are only available for new vehicles, though there are some secured car loans for used Volvos around. The amount you can borrow is limited to the value of the vehicle, so you cannot also borrow funds to cover on-road costs like registration and insurance, compulsory third party insurance (CTP) and dealer fees. Secured car loans have either fixed or variable interest rates.
  • Novated lease. If you’re employed and your employer is open to novated leasing schemes, you can reduce your taxable income through this option. You make an agreement between your employer, yourself and a third-party lender. You’re then free to purchase a vehicle of your choice and the lease repayments and maintenance costs come out of your pre-tax salary. Find out more about novated leasing, how to arrange one and the benefits and possible drawbacks.
  • Car lease. This is an excellent option if you don’t have the capital to purchase a car outright. In effect, it’s like renting the car for a pre-agreed term. Some leases require an initial down payment, which lowers the monthly cost. At the end of the agreement you can hand the car back and get something else or pay the outstanding total and buy it outright. Find out how much you’ll spend on a car lease and contact a broker with our car lease calculator.
  • Commercial hire purchase. Some Volvo dealers also list commercial hire purchase as an additional financing option. This is a good way of breaking up the cost of a new Volvo for your business and you’ll own the car at the end of the contract. Read more about commercial hire purchases.
  • Unsecured car loan. If you’re looking for a used Volvo or you’d like to use the loan funds to pay for something unrelated to your car, unsecured loans may be an option to think seriously about. Unsecured loans have higher interest rates. We’ve prepared a comparison of unsecured loans to help you learn more about them.

See all 2021 EOFY deals

Volvo loan example

How much will a Volvo chattel mortgage cost?

Let’s take a look at some of the current chattel mortgage offers Volvo is running for the Volvo V40 hatch in either T3 Momentum, T4 Inscription or T5 R-Design.

V40 Hatch T3 Momentum

  • Retail price: $35,888
  • Chattel mortgage rate on 60-month terms: 4.60%
  • Deposit: 15%
  • Final balloon payment: 20%
  • Monthly repayment: $484.65

V40 Hatch T4 Inscription

  • Retail price: $43,888
  • Chattel mortgage rate on 60-month terms: 4.60%
  • Deposit: 15%
  • Final balloon payment: 20%
  • Monthly repayment: $597.96

V40 Hatch T5 R-Design

  • Retail price: $49,888
  • Chattel mortgage rate on 60-month terms: 4.85%
  • Deposit: 15%
  • Final balloon payment: 20%
  • Monthly repayment: $671.30

By way of comparison, a secured car loan for the same amounts, the T3 would cost around $698.48 per month with a 6.34% interest rate. The T4 works out to $853.11 and a hot hatch T5 would be $969.07.

Volvo prices quoted are for postcode 2000.
Don’t get confused with all the jargon and information around car loans, use our car loan repayment calculator to work out exactly how much you’ll pay each month.

Car running costs

Car running costs including fuel, insurance, servicing and maintenance all quickly add up. Weekly running expenses for a Volvo T40 Inscription, covering 15,000km per year, could be as much as $0.078 in fuel, $0.097 for servicing/repairs per km and a depreciation of $97.04 per week. If you’re covering more miles, your costs will increase exponentially.

Save money by driving more economically, shopping around for fuel and making sure you compare insurance policies at renewal time. To cut depreciation, spec your car wisely. Satellite navigation and leather interiors generally add value but less popular colours may knock money off.

Which Volvo financing option is best?

We can’t tell you which way to go with financing your new Volvo. It depends on the amount of capital you have and the monthly payments you can afford. Here are a few key areas to consider, though.

  • Interest rates. This is how financing companies make their money and offset risk. Examine the interest rate. Dealer rates may not always be the most competitive so shop around. Calculate how much you’re actually paying for the vehicle.
  • Fees. Are there any additional fees associated with the financing option? Will you pay an application fee, admin charge or an early repayment charge? Even if you don’t expect to ever miss a payment, ask about missed payment penalties. Find out before you commit.
  • Flexibility. Does this financing option offer a payment break when it comes to insurance time? Can you change the payment schedule from monthly to weekly or alter the amount as you need?
  • Balloon / Deposit payments. Can you afford to pay a sizeable deposit or balloon payment? This could reduce the monthly cost of your loan dramatically.

See all 2021 EOFY deals

Volvo loan options

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
loans.com.au - New and Dealer Used Car Loan
3.99%
(fixed)
4.53%
You'll receive a fixed rate from 3.99% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
You'll receive a fixed rate from 3.99% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From
4.89%
(fixed)
5.44%
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
IMB New Car Loan
4.88%
(fixed)
5.23%
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Credit Concierge Car Loan
From
2.99%
(fixed)
4.07%
You'll receive a fixed rate of 2.99% p.a. with a comparison rate of 4.07% p.a.
Get access to over 20 providers to fund a new or used car.
You'll receive a fixed rate of 2.99% p.a. with a comparison rate of 4.07% p.a.
Get access to over 20 providers to fund a new or used car.
Alex Bank Car Loan
From
4.99%
(fixed)
4.99%
You'll receive a fixed rate between 4.99% p.a. and 19.99% p.a.
Borrow up to $30,000 for terms between 6 months and 5 years to finance a car. The one-off $295 establishment fee will be waived for loan applications submitted by 3 November 2021. T&Cs apply.
You'll receive a fixed rate between 4.99% p.a. and 19.99% p.a.
Borrow up to $30,000 for terms between 6 months and 5 years to finance a car. The one-off $295 establishment fee will be waived for loan applications submitted by 3 November 2021. T&Cs apply.
Wisr Secured Car Loan
From
4.74%
(fixed)
5.01%
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
Stratton Finance New Car Loan
From
3.85%
(fixed)
4.05%
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
NRMA New Car Loan
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Great Southern Bank Fixed Rate Car Loan
6.79%
(fixed)
7.16%
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
NAB Personal Loan Unsecured Fixed
From
6.99%
(fixed)
7.91%
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Symple Loans Personal Loan
From
5.75%
(variable)
6.47%
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
SocietyOne Car Loan
From
5.95%
(fixed)
5.95%
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Driva Car Loan
From
2.85%
(fixed)
4.39%
You'll receive a fixed rate from 2.85% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
You'll receive a fixed rate from 2.85% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
OurMoneyMarket Car Loan
From
5.35%
(fixed)
5.65%
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
NRMA Used Car Loan
From
6.24%
(fixed)
6.94%
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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Compare car insurance side-by-side and get quotes

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2021 Finder Award for Car Insurance - Value in QLD, SA, TAS, VIC, WA and Car Insurance - Features in NSW, VIC, WA, this policy offers solid coverage at a low cost. Budget Direct's claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

⭐ Current offer: Get 15% discount on first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Australia Post car insurance offers comprehensive cover for things like theft, fire, new for old replacement and emergency accommodation and transport. Cover also extends to anyone who uses your car, not just you.

⭐ Current offer: Get $75 off your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: If multiple people use the one car and you don’t want to worry about listing all drivers.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: With Coles comprehensive car insurance, you could earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If your car is damaged, you could benefit from a one-week turnaround on repairs.

⭐ Current offer: Get 10% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Coles customers and Flybuys collectors.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2021 Finder Awards for Best Car Insurance - Value in VIC, QLD, SA, WA and TAS, Virgin Comprehensive provides a good level of cover for a decent price.

⭐ Current offer: Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs apply.

Who it might be good for: People who'd like to manage their policy online 24/7.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
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Frequently asked questions about Volvo financing

Should I buy a new or used Volvo?

New cars offer a long warranty, backing and support from a dealer with the option to tailor the colour, trim and optional extras, creating the exact car you want. Buying from the manufacturer is often easier than arranging your own finance and handling all the ensuing paperwork. The downside to owning a new car is the depreciation when it comes to selling the car.

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 safety, reliability and high build-quality.

I want a car that has lots of advanced driving technology

Volvo can boast some of the most advanced driving assists on the road today and the XC90 plus several other models also have hybrid options.

I’m looking for a luxury SUV

The XC90 is the car for you. It is a true Range Rover competitor with a fridge and massage seats, though these comforts come at a premium price.
Pictures: Shutterstock
Prices & rates accurate as at time of publishing: 14/05/2018

More guides on Finder

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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