About Care by Volvo
Care by Volvo is Volvo’s own subscription service, allowing customers access to the latest Volvo vehicles on a 24-month term, with the option to upgrade to the latest model after 12 months. Currently, customers have access to two cars from Volvo, and these can be fully customized on the website. Customers benefit from servicing and maintenance, as well as wear protection and insurance. The Care by Volvo subscription is available at Volvo dealerships throughout Canada.
How it works
Volvo assess your eligibility and go through the necessary ID and license checks before offering a price list. Then, you have a choice of two brand new Volvo vehicles, with tax, maintenance, servicing, breakdown cover and insurance included. The Volvo insurance policy is part age and part vehicle based.
The subscription term is 24 months, with the option to upgrade to a newer model after 12. Volvo take their monthly subscription charge one month in advance, and any other costs incurred are charged at the end of the term or on the annual service.
Customers also have access to the Volvo helpline if they have any problems and can either collect or arrange for delivery of their vehicle.
Costs and fees
Volvo don’t charge a deposit on their vehicles but do ask for the monthly subscription payments a month in advance. The fees vary, depending on vehicle and spec:
- 2021 V60 R-Design: $989 per month
- 2021 S60 R-Design: $969 per month
While there are currently only two vehicles to choose from, a look at the Care by Volvo model in the US and the UK suggest that the range will likely be expanded in the future.
Brands and models
Currently, customers can choose from the 2021 V60 R-Design or the 2021 S60 R-Design. The cars are brand new, so you can customize your vehicle by selecting trim and color before arranging to begin the service.
You cannot cancel your policy before the minimum 24-month period is up, but after that, you can trade your car in for a different model or even request to purchase the vehicle.
What’s special about Care by Volvo?
Care by Volvo is a subscription service run by a car manufacturer – Volvo. For fans of the brand, or for those who want to have access to new models and favorable dealership services, Care by Volvo makes sense. A 24-month subscription isn’t as flexible as some of its competitors, but it also allows you the option to purchase the vehicle at the end of the term, which pushes it even closer to a traditional lease business model.
However, the inclusion of insurance, maintenance, servicing and roadside assistance means that Care by Volvo operate as almost a hybrid lease/subscription company, which is a Unique Selling Point when compared with its subscription competitors.
Care by Volvo offer car subscriptions on new vehicles to drivers who meet the criteria, with insurance included. As their contract lengths are 2 years, they are less flexible than many of their competitors; however, they offer all the typical features of a car subscription (tyres, maintenance, servicing, breakdown cover, tax) as well as access to their Volvo on Call service.
For fans of Volvo cars, Care by Volvo will appeal as it offers the opportunity to drive their latest models without the hassle of ownership.