Photo: Volvo Trucks
Volvo Financial Services (VFS) is offering U.S. and Canadian customers an extension to its enhanced finance programs for purchasing or leasing a model-year 2020 or 2019 Volvo VNL, VNR, VNX or VHD as a result of COVID-19.

Volvo, Mack extend finance programs during COVID-19

May 5, 2020
These programs were created to assist their customers in the hopes that it will manage cash flow and keep up with current delivery demands.

Volvo Financial Services (VFS) is extending its 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 while Mack Trucks released its extension through June 30 of several special Mack Financial Services (MFS) programs.

“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 VFS. “To do our part, VFS 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.

“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, Mack Trucks senior vice president of North American sales and marketing. “We’re proud to support the availability of these programs offered by the MFS 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.”

About the Author

FleetOwner Staff

Our Editorial Team

Kevin Jones, Editorial Director, Commercial Vehicle Group

Josh Fisher, Editor-in-Chief

Jade Brasher, Senior Editor

Jeremy Wolfe, Editor

Jenna Hume, Digital Editor

Eric Van Egeren, Art Director

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!