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focus on finance<br />
Volvo Financial Services<br />
your flexible friend and business solution provider<br />
Unless you’re purchasing your new or used trucks outright, selecting a method of funding that<br />
meets your business’s needs is very important – that’s why Volvo Financial Services works<br />
closely with companies of all sizes to provide flexible truck financing and insurance solutions.<br />
This includes a free of charge<br />
critical appraisal of your<br />
insurance needs. In addition,<br />
Volvo Financial Service’s<br />
customers gain access to<br />
Volvo’s unique rates from AXA<br />
Insurance through broker,<br />
Bluefin. Special benefits are<br />
also available to users of Volvo<br />
Trucks’ ‘Fuelwatch’ and Driver<br />
Development programmes.<br />
One thing which is of major<br />
benefit to transport operators<br />
in Northern Ireland is that<br />
Volvo Financial Services are<br />
happy to work with Volvo<br />
customers in both good and<br />
bad times and their approach<br />
to credit underwriting risk<br />
has remained consistent<br />
throughout - something which<br />
should provide Volvo Financial<br />
Service’s customers with<br />
considerable peace of mind.<br />
Volvo Financial Services’ offer,<br />
which includes Hire Purchase,<br />
Operating Lease and Contract<br />
Hire, is an integral part of<br />
Volvo’s Total Offer. In addition<br />
to a variety of on- and offbalance<br />
sheet finance solutions,<br />
it also includes a comprehensive<br />
range of insurance solutions<br />
tailored to provide cover<br />
against many financial aspects<br />
of business risks and events.<br />
Whichever method of funding<br />
you decide to opt for, you can<br />
take reassurance from the fact<br />
that Volvo Financial Services<br />
understand not only finance,<br />
but also the truck business,<br />
and will work with you to<br />
provide a tailored solution that<br />
meets your specific needs.<br />
An increasing number<br />
of transport operators in<br />
Northern Ireland are choosing<br />
to utilise Volvo Financial<br />
Services to provide a tailored<br />
solution to their vehicle<br />
finance and insurance needs.<br />
In fact, the percentage of<br />
customers financing their<br />
vehicles through Volvo<br />
Financial Services increased<br />
significantly over the last year.<br />
In particular, the year-to-date<br />
figures for 2011 show that well<br />
in excess of half of vehicles<br />
registered by Volvo dealer<br />
Dennison Commercials Ltd<br />
of Ballyclare were financed<br />
through Volvo Financial Services.<br />
Rob Ireland, Sales Manager<br />
for Dennison Commercials<br />
said: “We have seen a steady<br />
increase in the number of<br />
customers choosing the<br />
flexibility of a contract hire<br />
arrangement. In the current<br />
economic climate - and with<br />
the ever-increasing threat of<br />
rising fuel costs - having a<br />
fixed monthly cost is proving<br />
to be a very attractive option<br />
for many operators.”<br />
A further advantage of a<br />
contract hire agreement<br />
is that all repair and<br />
maintenance work is covered<br />
within the monthly cost.<br />
Since Operator Licence<br />
legislation is coming into force<br />
in spring 2012 in the province,<br />
this puts a higher emphasis<br />
on vehicle maintenance for<br />
compliance, which now has<br />
greater relevance to Northern<br />
Irish operators than ever<br />
before. Volvo Financial Services’<br />
Contract Hire solution is there<br />
to provide help for the hardpressed<br />
transport operator<br />
as a single monthly invoice<br />
is provided which covers<br />
everything from financial<br />
services to service contracts.<br />
All this is just one of the<br />
flexible, tailored solutions Volvo<br />
Financial Services provides as<br />
part of a long-term partnership<br />
to help customers focus on<br />
running their business.<br />
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Finance 4pgs.indd 54 24/05/2011 14:32