Capital Equipment News December 2017

VFS South Africa will initially cater for UD Trucks, Volvo Trucks and Volvo Bus.

About VFS VFS is a global financial solution provider for the Volvo Group. It offers a full range of integrated financial solutions to dealers and customers at large. The captive finance arm of the Volvo Group was formed in 2001 and is headquartered in Greensboro, North Carolina, the United States. This is complemented by regional headquarters in Singapore, as well as in Gothenburg, Sweden. The company, which manages a net credit portfolio of over SEK126 billion (R213 billion), currently employs a workforce of 1 400 people globally, and offers financing in over 45 countries. According to Winkelmann, VFS currently covers 90% of the Volvo Group sales glob- ally, and one out of three units sold with- in the Volvo Group companies is financed through VFS. “VFS delivers services directly to cus- tomers through dealerships, so customers enjoy a one-stop shop experience. It is the first finance choice for Volvo Group prod- ucts. We facilitate the total offer for the Volvo Group,” says Scott Rafkin, president of VFS. “While VFS is a global organisation, it will leverage the Volvo Group’s local ex-

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VFS offers financial services in 45 countries around the world

VFS is a global financial solution provider of the Volvo Group

VFS South Africa will offer a range of services, including Instalment Sales Agreements, Finance Leases and Operating Leases

Financing will be initially available for Volvo Trucks, UD Trucks and Volvo Bus customers

VFS provides a full range of integrated financial solutions to dealers and customers

CAPITAL EQUIPMENT NEWS DECEMBER 2017 19