Volvo
XC40
2020
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2020 Volvo XC40

Lease EstimateSee Lease Deals
$409/mo
Finance Estimate
$492/mo
FROM
$33,923
MPG
23 city / 33 hwy

Expert's Rating

3.35 (Good)

Unlike other websites and magazines, our ratings are not based solely on a singular road test, but rather a more encompassing batch of criteria: quality, safety, comfort, performance, fuel economy, reliability history and value. When comparing vehicles using our Rating System, it's important to note that the rating earned by each vehicle correlates only to the models within its class. For example, a compact car cannot be compared to a SUV—They are different vehicles altogether.

You can interpret our ratings in the following way:

5-Star: Outstanding vehicle. Only the most exceptional vehicles achieve this rating.

4-Star: Very Good vehicle. Very good and close to being the best vehicle in its class.

3-Star: Good vehicle. Decent, but not quite the best. Often affordable, but lacking key features found in vehicles of the same class.

2-Star: Below average vehicle. Not recommended, and lacking attributes a car buyer would come to expect for the price.

1-Star: Poor vehicle. Simply does not deserve to be on the road.

Est Monthly Loan

The monthly payment is based on the price of this vehicle assuming it is financed. If you choose to lease, you can also use the payment calculator to determine your lease terms. Default values for financing include: Term of months, APR of , and Sales Tax of . Default values for leasing include: Term of months, Money Factor of , Residual Value of , and Sales Tax of .

2020 Volvo XC40
Lease
$409 / month
Finance
$492 / month
Vehicle Price
A typical negotiated price before taxes & fees.
Incentives
Incentives that help lower the selling price of a vehicle.
Available Money Factor of 0.00058 for 36 month lease
Incentives
Incentives that help lower the selling price of a vehicle.
Down Payment
Trade-In Value
Money Factor
Represents the interest charged on a lease. May require top-tier credit to qualify for the best rates.
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Buying Tips

What you must know before buying the Volvo XC40

John Diether
Automotive Editor - October 8, 2019
  • 2020 Volvo XC40 arriving; 2019s sold out
  • Loyalty bonus up to $1,000
  • Lease from $385 for 36 months
  • See dealers for financing options

In with the new:

The carryover 2020 XC40 continues to flowing into dealers nationwide. We expect it to sell close to MSRP for at least the next few months. The 2019 XC40 has sold out.

The XC40 is available with a choice of gasoline engines. Volvo will reportedly add plug-in hybrid and all-electric versions at some point in the future.

Current factory offers vary by region and will expire October 31, 2019. Examples shown here are for California and other western states.

Cash for loyalists:

Current Volvo customers will receive a $500 loyalty bonus toward any 2020 XC40. The bonus grows to $1,000 on leases.

What to expect on a lease:

Once again, the 2020 XC40 T4 Momentum starts at $385 a month for 36 months (10,000 miles a year) with $3,885 due at signing. The effective monthly cost is $493, which is better than some previous offers, but still rather expensive for an entry-level luxury crossover. Terms will undoubtedly improve as the model year progresses.

If you finance:

Volvo hasn't offered promotional financing for many months. There are no special rates at this time, and we might not see any this year on the XC40.

For now, we recommend comparing offers (if any) at local dealers.

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Advertised Lease Deals

T4 Momentum
$385Monthly Payment
Term Length (months): 36
Due at signing: $3,885
Mileage: 10k
MSRP: $34,695
Deal Valid in: Los Angeles
Expiration: 10/31/19

This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.

CarsDirect Target Price

Prices vary by style

CarsDirectPricing as of 10/15/19 in 20149
MSRP
$34,695
Sales Price
$33,923
Cash Rebates
$0
Target Price
$33,923
Lease Estimate
$409/mo
Finance Estimate
$492/mo

Financing Incentives

RebateAmount
Finance Loyalty Bonus Cash SR Loyalty Bonus - Purchase (Expires 10/31/19) For current owners of the same make who finance with the manufacturer's captive finance company. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Individuals or members of the same household who currently owns/leases any model year Volvo or Saab vehicle OR has owned/leased either within the last 6 months. $1,000

Leasing Incentives

RebateAmount
Lease Loyalty Bonus Cash SR Loyalty Bonus - Lease (Expires 10/31/19) Lease loyalty bonus cash available for current lessees of the same make. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% For current VCFS lease end retention customers, the loyalty allowance in only available with a Lease Payoff. %Qualification% Individuals or members of the same household who currently owns/leases any model year Volvo or Saab vehicle OR has owned/leased either within the last 6 months. $500
Hurry! Offer expires

Leases For Similar Cars

Based on 2020 Volvo XC40 - T4 Momentum 4dr Front-wheel Drive - $34,695 MSRP

2020 Volvo XC40 Overview

Anthony Sophinos
Automotive Editor

Expert Rating

3.35 (Good)
MPG
23 City / 32 Highway

Unlike other websites and magazines, our ratings are not based solely on a singular road test, but rather a more encompassing batch of criteria: quality, safety, comfort, performance, fuel economy, reliability history and value. When comparing vehicles using our Rating System, it's important to note that the rating earned by each vehicle correlates only to the models within its class. For example, a compact car cannot be compared to a SUV—They are different vehicles altogether.

You can interpret our ratings in the following way:

5-Star: Outstanding vehicle. Only the most exceptional vehicles achieve this rating.

4-Star: Very Good vehicle. Very good and close to being the best vehicle in its class.

3-Star: Good vehicle. Decent, but not quite the best. Often affordable, but lacking key features found in vehicles of the same class.

2-Star: Below average vehicle. Not recommended, and lacking attributes a car buyer would come to expect for the price.

1-Star: Poor vehicle. Simply does not deserve to be on the road.

The newest member of Volvo's rejuvenated product line is the XC40, which first arrived in showrooms for the 2019 model year. Having been unveiled so recently, there are only a few small equipment changes for 2020. These include a newly-standard auto-dimming rearview mirror and a new base upholstery that's no longer leather.

Choosing Your Volvo XC40

The 2020 Volvo XC40 is offered in three trims: Momentum, R-Design, and Inscription. Pricing ranges from $34,695 including destination for the Momentum to $44,445 for the Inscription.

As a unique alternative to owning or leasing, Volvo offers the XC40 through their new subscription service called Care by Volvo. Designed to offer flexibility and a hassle-free automotive experience, Care by Volvo deals with all the less savory aspects of ownership by handling maintenance, insurance, and repairs for a single monthly charge.

Subscription prices are currently set at $700 a month for an XC40 Momentum and $800 for an R-Design. Similar to a lease, you'll have to lock into this monthly program for 24 months and restrain your roving to 15,000 miles a year. Nonetheless, if there ever was a Netflix for cars, Care by Volvo is it.

Engine Choices

Volvo's turbocharged 2.0-liter four-cylinder, known in Volvo parlance as T4, is standard on every XC40 trim. All-wheel drive is a $2,000 option across the range, and opting for it also brings a more powerful version of the same 2.0-liter engine known as the T5. Both use an eight-speed automatic transmission.

Engine TypeHorsepowerTorqueFuel Economy (Combined)
T4 2.0L Turbo Four18722129 mpg
T5 2.0L Turbo Four24825826 mpg

An interesting accessory available for the T5 engine is the $1,295 Polestar Performance Software option. The remapped software recalibrates shift points, optimizes mid-range performance, and sharpens throttle response.

Passenger & Cargo Capacity

All XC40s can seat five people. The 106-inch wheelbase allows for 41 inches of front leg room and 36 inches of rear leg room, dimensions right in line with the competition. Fold the second row and 57 cubic feet of cargo space presents itself.

Safety Features

Since pioneering the three-point seat belt in the 1950s, safety technology has come to define the Volvo brand. The XC40 doesn't abandon this heritage, coming standard with a bevy of active safety features. These include automatic emergency braking, lane keeping assist, and automatic high beams.

Blind-spot monitoring, rear cross-traffic alert, and front and rear parking sensors are available on the Momentum trim through the Premium Package and standard on the R-Design and Inscription. Adaptive cruise control, adaptive LED headlights, and a surround-view camera system cost extra throughout the lineup by way of the Advanced Package.

The 2019 Volvo XC40 was an IIHS Top Safety Pick Plus, the institute's highest available designation, and we don't expect that to change for the 2020 model year.

Connectivity

A standard 9-inch touchscreen is the centerpiece of the front dash, and a 12.3-inch fully digital gauge cluster is standard even on the base Momentum. Smartphone integration via Apple CarPlay and Android Auto is standard across the range, as is Bluetooth, SiriusXM, and an eight-speaker audio system. Passengers can charge up their devices with multiple standard USB ports.

Wireless charging is optional on the Momentum as part of the Premium Package, but standard on the R-Design and Inscription. A 13-speaker Harman Kardon audio system is available across the range for $800.

Momentum - From $35,340

The base Momentum trim is hardly spartan. Besides the aforementioned technology and safety equipment, standard features include 18-inch wheels, an eight-way power driver's seat with memory, automatic climate control, a leather-wrapped steering wheel and gearshift knob, and a power tailgate.

Numerous available packages threaten to significantly inflate the starting price of the Momentum. The package most buyers will want is the $600 Convenience Package, which is new for this year. It includes dual-zone climate control, an eight-way passenger seat, and power-folding headrests.

Heated front seats and a heated steering wheel are bundled together for $750 and are optional on all three trims. Adding a moonroof costs $1,475.

R-Design - From $40,945

The R-Design adds a bit of urban visual flair when compared to the Momentum and Inscription, and it gets a sport chassis and gearshift paddles. It achieves its look with 19-inch wheels, black trim in lieu of chrome, a roof that's painted black regardless of body color, a rear scuff plate, and a unique grille, steering wheel, and pedals.

The R-Design adds a plethora of newly standard equipment to make the $5,605 premium over the Momentum worth it in the eyes of many. It comes with a moonroof, leather upholstery, a navigation system, wireless charging, memory functionality for the passenger seat, LED fog lights, and keyless entry with a hands-free tailgate. This is also the trim where blind-spot monitoring, rear cross-traffic alert, and front and rear parking sensors become standard.

If you want additional active-safety features, the Advance Package will satisfy. It bundles adaptive cruise control, a surround-view camera, adaptive LED headlights, and a headlight cleaning system for $1,400.

Inscription - From $41,445

The top trim of the XC40 lineup includes much of the same equipment found on the R-Design, hence the minuscule price increase. However, it does include more traditional luxury touches such as genuine wood inlays, a crystal gearshift knob, 18-inch wheels, and plenty of chrome exterior trim. It also comes with a dynamic chassis as opposed to the R-Design's sporty variant.

As with the R-Design, the $1,400 Advance Package is the one major option package available.

Compare XC40 Trims Side-By-Side

CarsDirect Tip

The combination of all-wheel drive and the T5 248-hop engine costs $2,000 across the 2020 Volvo XC40 range. Despite its small fuel economy penalty, it offers more sprightly performance and a level of refinement absent in the standard engine, making it worth every penny.

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