Time to switch": Volvo, the Swedish manufacturer of premium automobiles, is making it easier to enter the electric age by offering a comprehensive package when switching to a new model with a plug-in hybrid drive system. Those who opt for a vehicle with Twin Engine in the new year benefit from particularly attractive leasing rates including the installation of a charging station from NewMotion as well as a 35 percent discount on Volvo Sweden Insurance. The purchase and maintenance costs for the customer are thus noticeably reduced, while his contribution to environmental protection is significantly increased.
To help drive electrification, Volvo is now launching a new leasing program, "Volvo Recharge Leasing," for both private and commercial customers. In addition to the attractive leasing rates, it also includes a charging station with professional installation for fast and safe charging at home. "Volvo Recharge Leasing" is offered on all Volvo plug-in hybrid models. An example: With a term of 36 months and 10.000 kilometers per year, the monthly leasing rate for a Volvo V60 T6 Twin Engine AWD (system output: 251 kW/340 hp) with Momentum Pro equipment and charging station is 399 euros*. "With this offer, we want to increase customer acceptance of electrified vehicles. The charging infrastructure plays a crucial role," says Thomas Bauch, managing director of Volvo Car Germany GmbH.
The charging station is the model "Home Advanced View" of the supplier NewMotion, Europe's largest provider of intelligent charging solutions for electric cars. The device, which complies with calibration regulations, allows charging up to eight times faster than a standard socket with up to 22 kW of charging power.
"Newmotion not only has a large network of partner companies that take care of the installation of the charging station at the customer's site, but also has extensive experience in all aspects of electric mobility," says Thomas Bauch. "This ensures competent on-site service throughout Germany and enables us to offer our private and commercial customers an attractive overall package from a single source."
Discount on Swedish insurance
Additionally, drivers of a Volvo Twin Engine model can also save on insurance premiums: Volvo's Sweden Insurance offers a 35 percent discount for new cars as well as young used vehicles no older than 15 months.
In the future, Sweden Insurance will also offer the advantage of a 35 percent lower insurance premium to buyers of a new Volvo model that is covered to a maximum speed of 180 km/h. Volvo will offer all new vehicles exclusively with this coverage starting with production in May 2020 to increase safety on the road.
"Anyone who opts for a Volvo plug-in hybrid under the new Volvo Recharge leasing scheme and takes out Swedish insurance for it can, depending on the model and the individual insurance parameters, reduce the purchase and maintenance costs by a four-digit sum," says Thomas Mengelkoch, responsible for Finance and Insurance Service at Volvo in Germany. "With this new type of leasing offer, we want to make it as easy and attractive as possible for customers to switch to a part-time electric vehicle and convince them of the benefits of electromobility."
Comprehensive electrification strategy
From the end of 2020, no Volvo model will be offered that is powered solely by an internal combustion engine. Instead, mild hybrids, plug-in hybrids and pure electric vehicles – like the new Volvo XC40 P8 AWD Recharge – will dominate the Swedish manufacturer's model lineup in the future.
Plug-in hybrids in particular, which combine a long electric range with unrestricted everyday and long-distance capability, form an important bridging technology towards full electrification – and contribute to a rapid reduction in CO2 emissions from road traffic. As a result, three times the production capacity of plug-in hybrids will be available for the German market next year
In addition, the premium brand wants to motivate drivers who opt for a Volvo plug-in hybrid to drive electrically as often as possible in the future. That's why Volvo Cars is preparing an offer to reduce individual operating costs and thus further increase sustainability.
"Time to switch" campaign launches today
At www.Volvocars.De/recharge customers can find out about Volvo's plug-in hybrids. Volvo is making the new leasing offer available from the 8. January 2020 with the wide-ranging "Time to switch" campaign on TV, radio, print and online.
*A private leasing offer from Volvo Car Financial Services – a service of Santander Consumer Leasing GmbH (lessor), Santander-Platz 1, 41061 Mönchengladbach – for a Volvo V60 T6 Twin Engine AWD Momentum Pro automatic transmission, displacement 1.969 cc, 186 kW gasoline/65 kW electric motor (253 hp/87 hp), purchase price 48.149,73 Euro incl. Charging station. Installation (ggfs. Conclusion of an energy supply contract required), leasing special payment 7.100.00 euros, monthly lease payment 399.00 euros, contract term 36 months, mileage per year 10.000 km, total amount 21.464.00 Euro. Effective annual interest rate 3.93%, fixed borrowing rate p. A. 3.86 %, Representative example: The above figures also represent the 2/3 example according to the WEC. § 6a Abs. 4 PAngV shows. Purchase price plus. Transfer costs i.H.V. 990,00 EUR and plus. Registration costs. Valid until 31.03.2020. The offer is valid for private customers only. Provided creditworthiness. Commercial customers can obtain a comparable offer from their Volvo dealer.
Additional costs of Volvo Recharge leasing (leasing of vehicle incl. Charging box, installation, and subscription package) compared to leasing the vehicle alone, regardless of vehicle model, for a term of 36 months, amount to 41.06 EUR per month.
184 kW (250 hp)
T6 Twin Engine AWD
186 kW (235 hp) + 65 kW (87 hp)
T8 Twin Engine AWD
223 kW (303 hp) + 65 kW (87 hp)
T8 Twin Engine AWD Polestar Engine.
233 kW (318 PS) + 65 kW (87 PS)
Out of town
182 kW (247 hp)
T5 Twin Engine AWD
8-speed automatic transmission
132 kW (180 hp) + 60 kW (82 hp)
1,9 l /
6-speed manual transmission
110 kW (150 hp)
8-speed automatic transmission
140 kW (190 hp)
All data according to VO/715/2007/EWG.
The tire class is based on the EU tire label (EU tire labeling regulation 1222/2009) for fuel consumption data, which is determined based on the rolling resistance of the tire. A high rolling resistance of a tire results in a higher fuel consumption. On the EU tire label, rolling resistance is indicated on a scale from A to G Category A indicates the lowest, category G the tires with the highest fuel consumption.
The fuel consumption figures and CO2 emissions shown were determined in accordance with the newly introduced Worldwide harmonized Light vehicles Test Procedure (WLTP) and also measured in real-world driving using the Real Drive Emission (RDE) method. The figures are WLTP measured values, which are reported according to NEDC. The engines thus comply with the EURO 6d-TEMP emission standard. The data do not refer to a single, individual vehicle and are not part of the offer, but serve solely for comparison purposes between the different vehicle types.