Volvo Financial Services (VFS) was formed in 2001 when Volvo joined several of its existing business units. The primary focus of VFs is to provide a full range of financial services to customers and dealers of the Volvo group.

Headquartered in Montvale, New Jersey (USA), VFS is active throughout Europe, the Americas, Asia and Australia. VFS's team of about 1,000 seasoned and dedicated employees manages approximately SEK 70 billion (10 BUSD) of assets, located in approximately 60 countries.

The purpose of VFS is to support Volvo Group with customer financing solutions at all stages of the business cycle. We partner with our sister product companies to provide a full range of financial services for Volvo's customers and dealers. For example, VFS operates private label finance programs for Volvo's three truck brands: Volvo, Mack and Renault Trucks. Other attractive financial solutions are available to Volvo bus, construction equipment, aircraft engine and marine customers.  Building a solid, diversified portfolio of customer leases and loans is key to our long term success.

Apart from our customer-focused products and services, VFS contributes to the Group's results through cycle-resistant earnings growth, cash flow, low funding costs and professional risk management. In short, VFS plays an important role in Volvo's strategy for becoming the world's leading provider of commercial transport solutions.