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3/4 Front Glamour 2023 Volvo XC40
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MSRP:
$37,445 - $60,595See Discount Price
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We have submitted your request regarding a  Volvo  XC40. You should be contacted shortly regarding your inquiry.

YOUR TARGET PRICE:
$37,445 - $60,595  (Varies by Style)

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Email: VIPexperience@CarsDirect.com

YOUR VEHICLE
Volvo XC40

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Learn More About The Volvo XC40

What you must know before purchasing your XC40. Use this pricing analysis to negotiate the best price with the dealer.

Highlights:

  • 2023 XC40 stocked to meet demand
  • Lease: From $569/mo
  • Rebates: Up to $2,250 off
  • Finance: See dealers for APR options

2023 XC40 stocked to meet demand

The carryover 2023 XC40 in stock at dealers across the country. The XC40 is popular with shoppers, so no model stays in stock very long. Dealer discounting is minimal, but factory incentives are available.

The Recharge EV version of the XC40 provides up to 223 miles of range. Recharge buyers can get a $750 Clean Fuel Reward and a $2,000 Clean Vehicle Rebate from the state.

Note that selection may be limited in some areas due to ongoing supply shortages.

Current factory offers vary by region and will expire November 30, 2022. Examples shown here are for California and other western states. We don't expect to see any Volvo XC40 Black Friday deals this year. This page is updated monthly, so check back for the latest on pricing and incentives.

Volvo XC40 Lease Deals

Lease from $569/month

For the second month, the 2023 XC40 in base Core trim starts at $569 for 36 months (10,000 miles a year) with $4,069 due at signing.

The effective monthly cost works out to $682, which is quite expensive for this price class in our analysis. But keep in mind the XC40 has never been a reliably good lease value. The larger XC60 is sometimes cheaper to lease.

The current offer on the 2023 XC40 Recharge Core is $815 a month with $4,319 due at signing. The effective monthly cost is $939, which is only slightly better in terms of value, even considering the Recharge's substantially higher MSRP.

Here's some consolation: Current Volvo customers are eligible for a $500 loyalty bonus toward a lease on any 2023 XC40. There's also a $1,250 lease bonus for current Costco members through January 3, 2023.

Volvo XC40 Rebate Deals

Up to $2,250 off

Volvo has yet to offer a rebate on the 2023 XC40 for all buyers. However, current Volvo customers are eligible for a $1,000 loyalty bonus this month.

In addition, Costco members are eligible for a $1,250 bonus on the 2023 XC40 through January 3, 2023.

We expect cash offers to improve somewhat over the course of the model year.

Volvo XC40 Finance Deals

No special offers

Volvo isn't offering promotional financing on the 2023 XC40, or any other model currently. We expect discounted rates to return by early next year. For now, you can probably find competitive rates at the dealer level.

Current Finance Deals

No financing deals are available at this time for the Volvo XC40.

Current Lease Deals

Considering a lease? These are the best lease deals available for the Volvo XC40.

B4 Core
Payment
$569
Term (mos)
36
Due at Signing
$4,069
MSRP
$37,445
Recharge Twin Core AWD EV
Payment
$819
Term (mos)
36
Due at Signing
$4,319
MSRP
$54,645
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Expert's Rating

3.35Good | Details

MPG

92 City / 79 Highway

Introduction

What's New

The 2023 Volvo XC40 gas model adopts the front-end styling, trim levels, and built-in Google apps already used by the all-electric Recharge variant. Recharge interiors are now leather-free. The XC40 arrived in 2018 as an all-new model.

Choosing Your Volvo XC40

The gas XC40 comes in three trim levels: Core, Plus, and Ultimate. Pricing starts at $37,645 including destination and climbs to $45,705 for the Ultimate.

The electric Recharge is available in the same trims, priced from $54,645 to $60,595.

Engine Choices

The XC40 starts out with a turbocharged four-cylinder engine and front-wheel drive. For $2,000 on any trim, buyers can upgrade to a high-output turbo and all-wheel drive. With either setup, the XC40 uses an eight-speed automatic transmission and can tow up to 3,500 pounds. Both engines feature mild hybrid assist.

The Recharge carries a pair of electric motors accompanied by a single-speed transmission and standard AWD. The powertrain offers up to 223 miles of range. Towing capacity dips to 2,000 pounds.

Engine TypeHorsepowerTorqueFuel Economy (Combined)
2.0-Liter Turbo 4-Cylinder194 hp221 lb-ft26 mpg
2.0-Liter Turbo 4-Cylinder247 hp258 lb-ft27 mpg
Dual Electric Motors402 hp486 lb-ft85 MPGe

Passenger and Cargo Capacity

The XC40 is a compact crossover that seats five without complaint. The cargo area measures 20.7 cubic feet and expands to 57.5 cubic feet with the rear seat folded. Unlike many other EVs, the Recharge offers just as much cargo space as its gas counterpart.

2023 Volvo XC40 Trunk

Safety Features

Every XC40 comes equipped with automatic emergency braking, lane-keeping assist, blind-spot monitoring with rear cross-traffic alert, automatic high beams assist, rear parking sensors, road sign recognition, and automatic wipers.

The Plus adds side and front parking sensors — and can be equipped with a $1,800 Driver Assist Package with adaptive cruise control and surround-view cameras. These features are standard on the Recharge Plus.

The Ultimate receives adaptive cruise control with steering assist.

Connectivity

The XC40's infotainment system includes a 9-inch touchscreen, eight speakers, four USB ports, HD and satellite radio, Google apps (including navigation), and Apple CarPlay and Android Auto compatibility.

A 13-speaker Harman Kardon sound system is exclusive to the Ultimate.

2023 Volvo XC40 Interior

2023 Volvo XC40 Core – MSRP From $37,645 (Recharge $54,645)

The Core carries a leatherette interior with heated front seats, a 12-way power driver seat with memory, and aluminum trim. Other equipment includes power-folding side mirrors, aluminum roof rails, and 18-inch alloy wheels (19-inch on Recharge). Genuine leather seats are available on the gas model, along with driftwood trim and an Orrefors crystal shift knob for $1,100.

The $800 Convenience Package adds a power passenger seat, a universal home remote, an auto-dimming rearview mirror, and a hands-free liftgate. This is bundle is standard on the Recharge. The Climate Package ($550) furnishes heated rear seats and a heated steering wheel. The package costs $1,100 on the Recharge because it includes headlight washers and a range-preserving heat pump.

2023 Volvo XC40 Plus – MSPR From $42,045 (Recharge $57,345)

The Plus picks up a panoramic sunroof, fog lights, and aluminum window surrounds. The gas model also gains the Convenience Package and the upgraded leather interior as standard. The Recharge Plus comes with sueded cloth seats. The Driver Assist Package is standard on the Recharge but remains optional on gas versions.

2023 Volvo XC40 Ultimate – MSPR From $45,705 (Recharge $60,595)

The Ultimate wears unique trim throughout such as 3D aluminum interior appliques, a sculpted gear shift, gloss black exterior trim, and unique 19-inch wheels (20-inch for Recharge). The option packages offered on the other trims are standard on Ultimate.

Compare XC40 Trims Side-By-Side

CarsDirect Tip

The 2023 Volvo XC40 with either gas engine will certainly win buyers with its friendly pricing. The Recharge seems expensive by comparison, but it makes sense for those who want superior performance in addition to gas-free travel.

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