Volvo XC40 Car Finance
Volvo XC40 Finance Deals
- Competitive PCP & Hire Purchase quotes from an extensive panel of lenders
- Get the best available rates on cars from £15,000 – £250,000
- Use a Trustpilot 5-Star rated team with expert knowledge
- Rates start from 8.9% APR with a representative APR of 8.9%*
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Volvo XC40 Car Finance
Volvo XC40 on Finance
Looking into buying the Volvo XC40 mid-sized premium hybrid SUV? Have you considered car finance? This is a great way for buyers to spread the cost of their vehicle purchase with monthly repayments and competitive interest rates starting at 6.9% APR.
Continue reading as Quotezone.co.uk answers frequently asked questions regarding Volvo XC40 car finance.
What is the Volvo XC40?
The Volvo XC40 is a mid-size premium hybrid SUV. It launched on the market in September 2017.
The base model is XC40 1.5 T2 Momentum Core 5dr – with a 1.5 litre T2 three-cylinder engine, and 6-gear manual transmission.
High-end models include XC40 T3 Momentum Pro 5dr AWD – with a 2-litre T3 three-cylinder engine, all-wheel drive, and automatic gear transmission.
The car insurance group for the XC40 family ranges from 22-33.
Where Can I Buy the Volvo XC40 on Finance?
You can find quotes for Volvo XC40 finance deals using comparison sites like Quotezone.
We have a panel of 34+ lenders to choose from. This variety helps you to find the best possible deal for your circumstances, across a range of regular and specialist lenders. Rates start at 6.9% APR, with up to 6-year terms to help you spread the cost.
How Much is Volvo XC40 Car Finance?
This depends on the price you pay to the seller or dealership and the lender’s car finance terms.
As a general rule, the cost of car finance increases with term length and interest rates. This is because the annual percentage rate (APR) is applied annually, meaning longer terms accrue more interest.
How Long Will My Volvo XC40 Finance Application Take?
When applying for Volvo XC40 on finance, processing times can vary between lenders.
Some lenders take minutes to approve, while others take weeks. Your best bet to speed this up is to provide as much accurate information as possible upfront, and have identity documents ready.
How Does My Credit Rating Impact Volvo XC40 Applications?
Your ability to access finance products is determined largely by your credit score.
Higher credit scores unlock more options, often with better interest rates.
Lower credit scores have fewer options and may pay more interest to offset lending risks.
You can check your credit score here:
- Clearscore (free) – Equifax
- TotallyMoney (free) – TransUnion, Experian
- Credit Karma (free) – TransUnion
- checkmyfile (paid) – Equifax, TransUnion, Experian, Crediva
Is There Anything I Can Do to Reduce Volvo XC40 Finance Costs?
As previously mentioned, the interest rate and term length dictate the total cost of car finance.
You can save money on your Volvo XC40 finance deal by:
- Offering a higher upfront deposit, reducing the total loan amount
- Part exchanging a vehicle to provide a higher deposit
- Reducing the loan term length, albeit with higher monthly repayments
*Representative Example – Personal Contract Purchase: Cash Price £15,000.00, Deposit £500.00, borrowing £14,500.00 over 4 years at 8.9% Representative APR (fixed). 47 monthly payments of £228.99 followed by a final payment of £7,560.00. Total cost of credit of £3,832.53 and total amount payable of £18,832.53. Based on 8,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only. We are a credit broker and not a lender. Magnitude Finance is a trading style of DSG Financial Services Ltd. DSG Financial Services Ltd is a company registered in England & Wales with a company number 02313903. Our VAT registration number is 511678843. DSG Financial Services Ltd is authorised and regulated by the Financial Conduct Authority under firm reference number 649675