Compare Volvo Finance Options

Looking to buy a Volvo? Our financing guide will help you understand the different purchasing options


Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

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.


  • 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.


  • 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.


  • 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.

See all 2020 EOFY deals

Loans to consider when purchasing a Volvo

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment - New and Dealer Used Car Loan
From 4.67% (fixed)
3 to 5 years
You'll receive a fixed rate from 4.67% 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.
IMB New Car Loan
4.99% (fixed)
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
You'll receive a fixed rate of 4.99% 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.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
1 to 7 years
Loans under $5000 - $140
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Plenti Car Loan
From 4.89% (fixed)
3 to 7 years
from $249 to $799
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.
Credit Concierge Car Loan
From 3.99% (fixed)
1 to 7 years
You'll receive a fixed rate of 3.99% p.a. with a comparison rate of 5.08% p.a.
Get access to over 20 providers to fund a new or used car.

Stratton Finance New Car Loan
From 4.05% (fixed)
3 to 7 years
You'll receive a fixed rate from 4.05% 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.
NAB Personal Loan Unsecured Fixed
From 9.99% (fixed)
1 to 7 years
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
SocietyOne Car Loan
From 6.99% (fixed)
2 to 5 years
from 0% to 5% of the total loan amount
You'll receive a fixed rate between 6.99% p.a. and 20.49% 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.
NRMA New Car Loan
From 4.99% (fixed)
1 to 7 years
You'll receive a fixed rate from 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.
Symple Loans Personal Loan
From 5.75% (variable)
1 to 7 years
from 0% to 5% of the loan amount
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.
NRMA Used Car Loan
From 6.49% (fixed)
1 to 7 years
You'll receive a fixed rate from 6.49% 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.

Compare up to 4 providers

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 2020 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 2020 EOFY deals

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 4.99% 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.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site