“Volvo Rental expands growth opportunities for our customers by offering access to Volvo vehicles and machines with lower upfront investments,” said Carlos Ribeiro, president of VFS South America. “The renter assumes only the monthly installments, allowing them to easily and accurately predict expenses on their balance sheet and free up capital to invest in other areas of their business.”
VFS Brazil’s entry into the rental segment follows the trends of the Brazilian truck, bus and construction equipment markets as they evolve toward rental and lease agreements that define costs and provide equipment flexibility. This allows businesses to increase fleet size to meet special demand or quickly scale up for a particular project.
In addition to financial flexibility, trucks from Volvo Rental are covered by Volvo maintenance and service plans, maximizing uptime to provide peace of mind to customers.
VFS Brazil offers a complete range of financial solutions, including traditional vehicle financing, parts and services financing, insurance and Consorcio, and Volvo Rental will be another integral offering for customers in the Brazilian market.
“Volvo Rental is another important step in expanding our service portfolio,” said Johan Hoff, VFS senior vice president and head of Equipment-as-a-Service (EaaS). “Unlike other rental services, VFS is able to offer customers in Brazil a more comprehensive offer, thanks to our experience and knowledge of commercial vehicles and equipment.”
Volvo Rental is currently available at select Volvo Trucks, Volvo Buses and Volvo Construction Equipment dealers in Brazil with plans to expand to additional locations throughout the country in the future.
For further information, please contact:
Director, Corporate Communications
Volvo Financial Services
Volvo Financial Services is the captive finance arm of the Volvo Group, providing financial services and solutions that meet the needs of our customers today and into the future. Dedicated to innovation, VFS is supporting society in its adoption of sustainable transport and equipment solutions. VFS is headquartered in Greensboro, North Carolina, USA, and serves Volvo Group customers and dealers in about 50 markets. For more information, please visit www.volvofinancialservices.com or follow us on LinkedIn.
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 95,000 people and serves customers in more than 190 markets. In 2021, net sales amounted to SEK 372 billion (EUR 37 billion). Volvo shares are listed on Nasdaq Stockholm.