Volvo Financial Services (VFS) launched Volvo Rental, a new service providing options for shorter-term leases for Volvo trucks, buses and construction equipment in Brazil. Plans are longer term ranging anywhere from 24 to 60 months.

“Volvo Rental expands growth opportunities for our customers by offering access to Volvo vehicles and machines with lower upfront investments,” Carlos Ribeiro, president of VFS South America, said. “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.”

Trends are evolving towards rental and lease agreements that define costs and provide equipment flexibility, so businesses can now meet seasonal demand and scale up.

In addition to financial flexibility, all assets 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. Volvo Rental will also be an integral offering for customers in the market.

“Volvo Rental is another important step in expanding our service portfolio,” Johan Hoff, senior vice president and head of equipment-as-a-service at VFS, said. “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.”