Wow - saw all these bad reviews.Too bad. Bought my 2001 S40 used in January 09 - just under $5,000.
I love this car. Turbo...broooommmm. Mechanical, nothing outside of regular maintenance or wear and tear...even very little there. Only "problem" is the fan blower for the climate control does not work on
"2" setting so you either go with very low at 1 or with 3...no problem. Had to replace her battery last week...okay it is a 10 year old car. Replaced the timing belt at the interval recommended in the maintainance manual. In about 2 years I will be looking at a "new" used car...it will be a 2006 or newer Volvo S60 or 80.
S40 has been great but she has small interior. Love this car.