Volvo XC40: Is It a Smart Choice on teh Used Car Market?
The XC40 at a Glance
- Launched in 2018, the Volvo XC40 quickly gained popularity.
- The all-electric 2020 edition became a buyer favorite.
- The used market offers a wide range, with prices between $30,000 adn $65,000.
- Owners rate the XC40 highly, averaging 8.4 out of 10.
The Volvo XC40 made its debut in 2018 as Volvo’s compact sport utility vehicle, offering diesel and gasoline models that were well-received. However, the surge in electric vehicle sales necessitated new, technologically advanced solutions to maintain high sales figures.
One such solution was the 2019 launch of the T5 rechargeable hybrid,boasting 262 horsepower. while it provided a viable option for many, its front-wheel-drive configuration was a drawback, as the hybrid battery occupied the space typically reserved for a four-wheel-drive system.
The Rise of the Electric XC40
In 2020, Volvo introduced the all-electric XC40, featuring all-wheel drive and over 400 horsepower. Despite a range that wasn’t the best in its class, this model quickly became a favorite among XC40 enthusiasts.
The XC40’s popularity is evident in the used car market, with nearly 800 listings.Early models from 2018-2020 range from approximately $30,000 to $55,000, depending on mileage and condition.
Pricing Trends
Like many fossil fuel vehicles, Volvo’s compact SUV retains its value well. Electric models from recent years can reach prices close to $65,000, with the majority listed in the $40,000 range.
What Owners Are Saying
Is the Volvo XC40 a smart used car purchase, whether you’re considering a fossil fuel or all-electric version?
To gain more insight, we turned to user reviews. Over 14,000 Norwegian car owners have shared their experiences, providing valuable feedback on their vehicles.
While most owners are highly satisfied, there are exceptions. the XC40 receives a solid average rating of 8.4 out of 10.
One owner highlighted the financial benefits, stating, The operation is very financial, and we have not had any maintenance costs. Service is included in the purchase price, and the same goes for insurance for three years.This must not be forgotten in the price comparison.
Another owner was pleasantly surprised by the energy efficiency: Officially we should have used 22 kWt per 10 miles, but we rarely use over 20 kWt, and usually 18 kWt on mixed driving. Sometimes we have been much lower, like 16 kWt by gentle driving. Quite positively surprising really!
Frequently Asked questions
Is the Volvo XC40 a reliable car?
Yes, owners generally rate the XC40 highly for reliability, with an average score of 8.4 out of 10.
What is the price range for a used Volvo XC40?
Used models range from approximately $30,000 to $65,000, depending on the year, condition, and mileage.
Is the electric version of the XC40 worth it?
The electric XC40 is a popular choice, offering all-wheel drive and over 400 horsepower, though its range may not be the best in its class.
