VCFS is one of the only U.S. luxury automotive captive finance organizations with third-party bank-sourced funding. It claims to provide competitive loan and lease products for new, used, and certified pre-owned Volvo Cars vehicles. Most other large auto companies prefer to own their finance company.**

“Through our strategic alliance, Volvo Cars customers benefit from Bank of America’s proprietary underwriting capabilities and top-notch servicing platform. By combining VCFS’s customized programs with Bank of America’s technology and service strength, the relationship offers competitive rates, flexible options, and ongoing support, from application to the duration of the loan or lease,” VCFS said in a release.

“We are thrilled to extend our strategic partnership with Volvo Cars,” said Roger Boschulte, Head of Vehicle and Home Lending Products at Bank of America. “This extension reinforces our shared focus on delivering a smooth and flexible financing experience designed to make vehicle ownership easy and accessible.”