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Volvo Car AB, [2] trading as Volvo Cars (Swedish: Volvo personvagnar, styled VOLVO in the company's logo) is a Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans.
Volvo Financial Services (VFS), established in 2001, offers financial services for Volvo Group's brands. VFS' global headquarters are located in Greensboro, North Carolina, USA. A global organization serving nearly 50 markets, VFS focuses exclusively on providing financial services and solutions to the Volvo Group's internal and external customers.
Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Gothenburg, Sweden. [6] The corporation was first listed on the Stockholm Stock Exchange in 1935, and was on the NASDAQ indices from 1985 to 2007. [7] Volvo is one of ...
Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 [8] [9] until 2002. [10] [11] VM Motori S.p.A. [12] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013. [13]
Using that example, if you were to lease a car with an MSRP of $40,000 and a depreciation rate of 50%, the residual would be $20,000 and your monthly lease payments would be around $555.
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.