Toronto, Ontario – Volvo Cars of Canada has announced new cash incentives for the XC90 and S60, which it says are the largest the company has ever applied to the two vehicles, providing customers with thousands of dollars in savings.

Regardless of the trim line, the XC90 will benefit from up to $10,200 in cash rebates, including $7,200 in the company’s new Currency Cash Rebate program and a $3,000 loyalty bonus for existing Volvo vehicle owners. The new cash rebate will also benefit customers who prefer to make monthly payments; a new customer choosing a 48-month lease for a five-seat XC90 3.2 will now pay as little as $554 per month with a $2,800 down payment, representing a saving of $54 per month compared to the same offer in March. An existing Volvo owner would pay $486 with the loyalty bonus.

S60 customers will receive up to $7,000 in cash rebates, including $5,000 for the Currency Cash Rebate and a $2,000 loyalty bonus for existing Volvo vehicle owners. Monthly payments can be as low as $499 for 48 months with a $2,100 down payment for new customers, a saving of $146 per month when compared to March, and $455 for current Volvo owners with the loyalty bonus. Historically, the S60 and XC90 models have accounted for approximately 40 per cent of the company’s overall vehicle sales.