Volvo Trucks helps customers improve their cash flow with a new flexible service contract

Volvo Trucks is introducing a new usage-based service contract where monthly fees are aligned with actual mileage.

This means hauliers have greater flexibility to adapt their operations to market conditions and demand. The Volvo Flexi-Gold Contract provides customers with a 40 per cent flexibility span, where annual mileage can exceed or go under the agreed mileage by 20 per cent. Connectivity has paved the way for new, flexible solutions for service contracts and usage-based payment models. Volvo Trucks is now introducing a new service contract, the Volvo Flexi-Gold Contract, with the same coverage as the Volvo Gold Contract, but with monthly fees broken down into fixed and variable parts (km-based) tailored to the truck's actual mileage.

Many transport companies have short-term agreements with their clients or operate in unpredictable and fluctuating markets. They express a need for greater flexibility when it comes to service contracts. The technology now exists to make dynamic and connected solutions like this possible. The Volvo Flexi-Gold Contract has been made possible by advances in telematics, which enable vehicles to communicate real-time mileage with Volvo Trucks. The contract provides customers with a 40 per cent flexibility span, where annual mileage can exceed or go under the agreed mileage by 20 per cent. Each monthly invoice is based on the actual driving for that month, with no additional invoicing or paperwork for exceeding mileage at the end of the year (within the flexibility span). This makes it suitable for customers working with seasonal changes and fluctuating demand.  The Volvo Flexi-Gold Service Contract is available in selected European markets and will be gradually rolled out into new markets in the near future. Source

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