Operators eyeing the mid-year availability of the revamped Volvos can start considering their financing options and preparing budgets with the assistance of Jade Trucks Loans. Our specialists are always available for initial discussions on low rate options on Volvo Trucks finance. We appreciate this is a major investment for operators of any size and we provide support with specialist lenders and expert funding structure.
Volvo recently unveiled its heavy-duty range updates in Sweden. The company’s Australian CEO and President Martin Merrick saying the company expected to roll the new models out of its Wacol facility around middle of this year. The revamps include safety updates and aerodynamic features on the FM and FH models in addition to a new 17 litre engine platform.
While full details on power ratings which will be available locally have not been confirmed, there appears plenty to raise the interest of local operators. Mr Merrick said that this version of the FH is the most efficient, powerful and cleanest that the company had offered in this country. Stating his confidence in the new D17 engine as a game-changer for many operators as the engine has undergone rigorous testing in the harshest conditions.
Volvo Trucks Revamps
The revamps include refinement of the company’s I-See tech to save on energy and emissions and enable extended driving time while in cruise control mode. The new D17 engine has a single, efficient turbocharger - boosting responsiveness of the engine and enhancing the experience for the driver.
Combustion is optimised and emissions reduced with the wave piston design the optimum fuel economy is ensured with the new injection system. Brakes have also been updated to realise additional benefits.
Safety is for foremost for heavy vehicle manufacturers and none more so than this brand. A Camera Monitoring System is an option and provides a wider view compared with standard mirrors. Aerodynamics have been improved to provide efficiency benefits also.
According to the company, mid-2024 is the expected timing for the first of their new models to be available. Operators may contact their dealer to discuss pre-order arrangements and estimated pricing for budgeting and funding plans.
Consider Volvo Trucks Finance Options
Any investment in a new heavy vehicle needs to be funded with the right facility and at the lowest possible interest rate in order for the investment to be cost-effective and deliver expected ROI. As specialists in heavy vehicle funding, we work closely with operators to source and structure the ideal package to deliver on individual objectives.
The choice of financing product is a decision which we advise our customers to discuss with their accountant. Many of the differences across the selection relate to accounting methods and preferences and the accountant is usually ideally placed to know the individual requirements of their clients.
Our portfolio of credit facilities is comprehensive, including the full selection of asset acquisition funding products – Truck Chattel Mortgage, Lease, Commercial Hire Purchase and Rent-to-Own Truck Option. Chattel Mortgage suits operations using the cash method of accounting, Lease and Rent-to-Own those employing the accruals method and CHP can suit both methods.
Lease and Rent-to-Own provide operators with a cost-effective facility for investing in new vehicles without the asset appearing on the balance sheet. Chattel Mortgage and CHP attract the lowest rates across the selection.
Interest rates on asset financing vary across the lending sector. Through our connections with specialist heavy-duty vehicle non-bank lenders, we source the lender that is best suited to the individual profile and requirements of each customer. Ensuring the lowest truck loan rates and most amenable financing terms and conditions are achieved.
We negotiate with our lenders to achieve the credit term that delivers the most workable monthly repayment schedule.
Optimising Volvo Trucks Finance for Tax Purposes
All commercial credit facilities include tax deductions, but these benefits vary. Leasing and Rent-to-Own providing tax deductible monthly payments. Chattel Mortgage and CHP providing a deduction through asset depreciation. Interest payments on all credit facilities are tax deductible.
Our brokers work with individual operators to understand their objectives and structure their funding to optimise the potential tax benefits.
Be ready to buy with Pre-approved Volvo Trucks Finance
Jade Truck Loans experts are available for initial Volvo Trucks finance discussions for operators preparing budgets for the mid-year revamped model releases. Interest rates may change between now and the mid-year availability for these new vehicles. But we can assist with funding estimates based on our current best rates to use as a guide for budgeting. Pre-approval with exact rates and repayments is available closer to the acquisition date.
Operators planning to launch a new enterprise with the acquisition of a new FH or FM, can speak with us about our affordable funding for new, self-employed and sole trader operators. Cost-effective, low rate options are available for all types of operators across all sectors.
If you’re interested in the new FM and FH models, contact Jade Truck Loans on 1300 000 003 for initial discussions on our best rates and terms for Volvo Trucks finance.
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.