The Volvo Group extends finance programs in U.S., Canada

Volvo Financial Services (VFS) is extending enhanced finance programs in the U.S. and Canada through May 29, 2020 on the purchase or lease of model-year 2020 or 2019 Volvo VNL, VNR, VNX, or VHD trucks in stock during this time of financial uncertainty.

“We understand how important it is – especially during this unprecedented situation with the coronavirus – for trucking companies to maintain strong cash flow,” said Stephen Yonce, vice president of Volvo Financial Services. “To do our part, Volvo Financial Services continues to seek out ways to help our customers through these difficult times.”

For U.S. customers, the “Hammer Down” Program extends the first payment for 60 days for qualified buyers of Volvo VNL, VNR, and VNX models and 90 days for qualified buyers of VHD models in dealer stock inventory. In addition, the program offers low to no down payments for qualified applicants. For model-year 2019 trucks, customers can receive up to $5,000 USD payment credit on initial monthly installment or lease payments, and up to $3,000 USD payment credit on initial monthly installment or lease payments for model-year 2020 models.

Daycab models will receive an engine plan and purchased exhaust aftertreatment system (EATS) coverage for three years or 300,000 miles. Volvo VNL, VNR, and VNX sleeper models will receive an engine plan and purchased EATS coverage for four years or 500,000 miles.

In Canada, the “Spring Into Action” Program offers $4,000 CAN in down payment assistance as well as up to $5,000 CAN towards the cost of purchased coverage for 2019 VNL, VNR, VNX, and VHD models, and up to $3,000 CAN towards the cost of purchased coverage for 2020 VNL, VNR, VNX, and VHD models. The program also extends the first payment up to 60 days for qualified on-highway customers and up to 90 days for vocational customers.

“Trucking companies and professional drivers have continued to be on the frontlines of this pandemic, and we understand the physical, emotional, and financial tolls this can take,” said Jonas Rybring, managing director of Volvo Financial Services in Canada. “During this difficult time, VFS Canada is maintaining its commitment to serve customers in the best ways possible so they can focus on what’s most important – staying healthy and safe.”

Mack Trucks has also extended select finance programs. Mack Trucks announced the extension through June 30 of several special Mack Financial Services (MFS) programs developed to assist customers in contending with the coronavirus pandemic. Details about the programs and their benefits in the U.S. and Canada are accessible via a new webpage on macktrucks.com devoted to current offers and incentives.

“Fleets and professional truck drivers across the U.S. and Canada are stepping up today more than ever to deliver critical goods and maintain vital services,” said Jonathan Randall, senior vice president of North American sales and marketing, Mack Trucks. “We’re proud to support the availability of these programs offered by the Mack Financial Services organization to help our customers continue the important work they do day in and day out, which the current situation has really brought into the light.”

Each MFS offer extends the first payment due date for qualified buyers of model year 2020 and 2019 Mack Anthem, Mack Pinnacle, Mack Granite, Mack LR, and Mack TerraPro models.

“These enhanced finance programs are designed to give customers the flexibility they need to continue their efforts to deliver crucial goods and provide essential services,” said Tom Guse, president of MFS in the U.S. “Together, we are helping our society meet the challenges brought by the coronavirus pandemic.”

Additional program details include:

• Let’s Deliver Finance Program: Available for Mack Anthem and Pinnacle day cab models, this program offers 60 days until first payment for qualified buyers. Over-the-road and regional haul customers who purchase an eligible day cab and finance with MFS receive engine plan and exhaust aftertreatment (EATS) purchased coverage, competitive rates, and no to low down payment options.
• Fully Loaded Highway Sleeper Finance Program: Available for Mack Anthem and Pinnacle sleeper models, this program offers 60 days until first payment for qualified buyers. Customers purchasing a new sleeper and who finance with MFS are eligible for engine plan and EATS purchased coverage, competitive rates, and no to low down payment options.
• Let’s Build America Finance Program: Available on Mack Granite models, MFS is extending the first payment date to 90 days for qualified buyers. Vocational customers who finance with MFS will receive engine and EATS purchased coverage, competitive finance rates, and flexible payment options.
• Trash into Cash Finance Program: Available for refuse customers purchasing Mack LR or TerraPro models, this program gives qualified buyers 90 days to make the first payment and will provide chassis, engine, and EATS purchased coverage, competitive finance rates, and flexible payment options.

For more information about these MFS programs, customers can visit the new webpage on macktrucks.com or contact a local Mack Trucks dealer.