A Volvo loan or lease deferment is one form of relief that you can request. If Volvo grants your request, you may miss all payments that would have been required during the period specified by Volvo Car Financial Services. Because of this arrangement, interest will continue to be charged, but late payment fees will not be applied. The deferment period’s length will lengthen the loan or lease term for your Volvo, and you must make up the skipped payment during that extension.