Having commenced their Australian operations in 1972, Volvo Trucks is now commemorating an impressive half-century milestone of manufacturing trucks in the country. This significant achievement is likely to garner heightened buyer interest in the brand. Prospective buyers might be motivated to delve into the possibilities of acquiring a new Volvo model, facilitated by an affordable truck loan via Jade Truck Loans.
Many buyers have already made that Volvo decision with over 70,000 Volvo and Mack vehicles produced at the company’s Wacol facility. More recently, the brand has performed extremely well, posting a 37.6% increase in sales for September, to come second in the heavy-duty category.
Commemorating Five Decades
The 50 year milestone was marked by Volvo Trucks by handing over special trucks to one of their key customers. The event was attended by a number of the company’s international and Australian top executives including Senior International VP, Per Erik Lindstrom and Australian CEO, Martin Merrick.
Mr Lindstrom said that Australia was very important to the Volvo Group and that the company was ‘here to stay’. Mr Merrick mentioned the company’s longevity and its success in this tough trucking market and acknowledged the success of its customers.
The company’s manufacturing facility was established in Brisbane’s Wacol in June 1972. Mack and Volvo trucks have been produced over that time on the site and production of the company’s battery electric models is expected to start in Wacol in 2025.
Current Volvo Models
For buyers interested in a new Volvo Truck, the company builds the FH, FM and FMX at the Wacol facility. The vehicles are built to meet the demanding Australian and NZ conditions. The trucks built locally proudly display the logo – Australian made.
Adding to the already impressive line-up, Volvo recently added an all-electric, medium-duty collection for local operators. The company says that the launch of the FL and the FE models was to meet customer and society demand to cut emissions of CO2.
Prospective buyers can review the Volvo range on the company’s website or by visiting their local dealer. To be ready to place an order promptly, consider contacting Jade Truck Loans prior to arrange a pre-approved truck loan. Having pre-approved finance can assist buyers to specify their new vehicle in line with the loan amount approved. In addition, it allows for quick decision-making which may expedite delivery of the new vehicle.
We provide pre-approved finance for all our truck loan products, on all types of vehicles and for all types of business set-ups.
Truck Loan Options for New Volvo Trucks
Whether purchasing a traditional fuel vehicle or one of Volvo’s new electric trucks, Jade Truck Loans provides finance with the same selection of truck finance products.
Truck loan products include:-
- Rent to Buy
- Chattel Mortgage
- Commercial Hire Purchase
The choice of which loan type will best serve the business operation as a cost-effective option will be dependent on a number of factors including:- the method of accounting used; approach to the balance sheet; and general financial objectives of the business. The loan types differ in regard to the treatment of GST, tax deductions, balance sheet and interest rates.
Chattel Mortgage is of particular interest to truck buyers at the moment due to its suitability for temporary full expensing. This accelerated asset depreciation measure expires at the end of June next year. It allows for the full purchase price of eligible assets to be deducted from taxable income in the year the asset was acquired. On a new Volvo that could be a significant tax deduction.
Interest rates exhibit fluctuations across various loan types and within the heavy vehicle lending sector. This encompasses a spectrum of options including Truck Lease & Financing Rates. Benefitting from our diverse accreditations encompassing major banks as well as specialized non-bank lenders, we possess the capacity to secure the most competitive truck loan interest rates available during the application phase, tailored to the unique needs of individual customers. It's essential to note that the rate offered is contingent upon the individual evaluation of the loan application.
With the RBA indicating further rate rises in the coming period, buyers may save on interest payable by expediting their Volvo truck buying plans. Those small incremental differences in interest rates can be significant when considered over the full finance term.
Use our Truck Finance Calculator to calculate estimated truck loan repayments on a new Volvo to commence the budgeting and planning process.
Low Doc and No Doc Truck Loans
For those considering setting up a new truck operation with the purchase of a new Volvo truck, we provide No Doc Truck Loans & Truck Leasing. Not offered by all banks and lenders, we do have connections with lenders that do provide these more specialised loans and at very attractive rates.
A new Volvo Truck may bring improved productivity and better outcomes for the business. Acquired with a cheaper truck loan through Jade Truck Loans, those outcomes may be enhanced even further.
Contact Jade Truck Loans on 1300 000 003 for a quote on finance for a new Volvo Truck.
DISCLAIMER: THIS INFORMATION IS ISSUED PURELY FOR THE PURPOSE OF GENERAL INFORMATION PROVISION. IT IS NOT TO BE TAKEN AS THE ONLY SOURCE OF INFORMATION FOR BASING FINANCIAL DECISION-MAKING. THOSE REQUIRING FINANCIAL GUIDANCE AND ADVICE SHOULD CONSULT WITH THEIR FINANCIAL CONSULTANT OR ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATION OF POLICIES, DATA OR ERRORS IN THIS CONTENT.