About Care by Volvo
Care by Volvo is Volvo’s own subscription service, allowing customers access to the full range of Volvo vehicles on long-term subscriptions. As the terms available are 2 years, the service will feel more like a lease than a subscription to many, but the option to extend the contract and to include insurance as part of the subscription deal is what makes Care by Volvo a subscription service rather than a lease. Customers can also switch out their car for a different one after a year.
Customers have access to the full Volvo range, and benefit from Volvo on Call, as well as servicing through the company. The Care by Volvo subscription is available at selected Volvo dealerships in Canada (contact Volvo for details).
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 the full range of Volvo vehicles, with tax, maintenance, servicing, breakdown cover and insurance included.
The subscription term is 24 months, with the option to renew, return or even purchase the vehicle at the end of this period. 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. After the first 12 months of a term, customers have the option to swap their vehicle for a different one – but this isn’t compulsory.
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
At present, Volvo are only offering subscriptions in Canada at $999 per month, with a $500 deposit. However, the vehicle options are fully customizable as if you own the vehicle. The annual mileage allowance is 24,000km, with excess mileage charged at $0.16 per kilometer.
Brands and models
Care by Volvo customers have access to two new Volvo vehicles:
2020 S60 R-Design
2020 V60 R-Design
The selection service feels more like a purchase, as you can customize your vehicle by selecting trim before arranging to begin the service.
As subscriptions are on a fixed term, Volvo contact their customers towards the end of their 2 year agreement to see if they would like to extend, cancel or flip vehicles.
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. While the subscription, at 24 months, is long-term compared with its competitors, 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 state guidelines, 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.