I got this S40 as a company car in 06 and liked it so much that when it went off lease I purchased it for personal use. Even with the normally aspired 5 cylinder it has great pickup. The road handing is head and shoulders above Camry, Sable, and Impalas that I have had for company cars. There is a nice road feel with responsive steering yet a not unacceptable ride or noise. After correcting an A/c blower motor that was faulty on delivery, it has been problem free. Now with 4 years and 64K miles, It has been to the shop for A/C compressor replacement and twice for electrical diagnostics which found not problems despite the high $ diagnostics.
sporty feel when driven aggressively. Good braking feel. Good seats with support. 30+ mpg on highway. A/C cools well even in 100 degree heat in a dark blue vehicle.
tighten up the build to eliminate rattles and squeaks; standardize parts so as to eliminate high cost of maintenance. The high cost of repair and maintenance after warranty expiration is the main issue that would keep me from buying another Volvo.