2023 Volvo XC40 Prices and Deals

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 $2,000 Clean Vehicle Rebate from the state, but the $750 Clean Fuel Reward is on hold pending funding.

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

Current factory offers vary by region and will expire January 31, 2023. Examples shown here are for California and other western states. This page is updated monthly, so check back for the latest on pricing and incentives.

Volvo XC40 Lease Deals

Lease from $539/month

The 2023 XC40 in base Core trim now starts at $539 for 36 months (10,000 miles a year) with $4,039 due at signing.

The effective monthly cost works out to $651, 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 better news: Current Volvo customers are eligible for a $1,500 loyalty bonus toward a lease on any 2023 XC40.

Volvo XC40 Rebate Deals

Up to $1,500 off

Volvo now offers a $500 rebate on the 2023 XC40 (excluding Recharge) to all buyers.

In addition, current Volvo customers are eligible for a $1,000 loyalty bonus on any XC40 model.

Volvo XC40 Financing 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 later in the year. For now, you can probably find competitive rates at the dealer level.