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GE Money, Volvo to Offer Financing for Service, Parts

November 25, 2008

KETTERING, Ohio - GE Money and Volvo Cars of North America have announced a multiyear agreement to provide consumer financing on service, parts and accessories to Volvo customers.

The instant-credit, no-interest promotional financing card program, managed by GE Money's Sale Finance unit, offers Volvo owners an easy, convenient way to pay for auto repair and maintenance through a no-annual-fee credit card.

"Reliable, stellar service is a vital component of the Volvo ownership experience," said Chris Dauerer, vice president of customer service for Volvo Cars of North America. "GE Money's long-held reputation of excellence complements our commitment to our customers and we are pleased to work with them in offering such a convenient, cost effective auto maintenance financing program."

Volvo owners can apply for and use the credit program at participating authorized Volvo service workshops throughout the U.S. GE Money’s internet-based finance management system, AdvanceDesksm provides Volvo dealerships with an easy, secure way to offer instant credit to customers for auto repair and services. Convenient online account management is also available for cardholders.

"We are extremely pleased to have teamed with Volvo and to be part of the phenomenal customer service experience in their Volvo parts and service retailers," said Steve Roe, general manager, Automotive, GE Money – Sales Finance. "Volvo owners can now take advantage of a financing program created specifically for auto services and repairs, making budgeting and paying for these expenses easier and more convenient than ever before."

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