2004 Volvo V40 Review

Pros & Cons

  • Strong complement of safety features, affordable base price, smooth turbo engine, usable cargo space.
  • No manual transmission offered, lacks sporting intentions, pricing can quickly escalate with optional equipment installed.
Other years
Volvo V40 for Sale
List Price Estimate
$1,374 - $3,189

Used V40 for Sale
None for sale nearby. Instead:
See all for sale

cash graphic with confetti

Get More For Your Trade-In

2004 Volvo V40 appraisal values can range from $481 - $2,468.
Find out what your car is really worth in minutes.
See your car's value

Edmunds' Expert Review

Though loaded with safety equipment, the V40 is hampered by its small size and aging underpinnings.

2004 Highlights

The V40 remains largely unchanged for the 2004 model year although an upscale LSE trim version is added. There are also minor revisions to the front fascia, and the audio system now comes prewired for a CD changer, whereas last year's version required an owner to purchase that option.

Consumer reviews

Read what other owners think about the Used 2004 Volvo V40.

Trending topics in reviews

Most helpful consumer reviews

3 out of 5 stars
280,000 miles and going strong
4dr Wagon (1.9L 4cyl Turbo 5A)
First: This is my first Volvo. I (mostly) do my own work and I bought the car with 90,000 miles on it. Its a Volvo, it has it's demons, the dealership is the greatest of those demons, avoid going there at all costs. Find a good independent Volvo garage. I love this car, for the price I paid, and the miles put on it. That would not be the case if I had to bring it to a garage. Over the 5 years I have owned it I have replaced the brake pads, rotors, plugs, battery, front and rear struts, tie rods, tires, transmission, front speakers, various dashboard lights (now it's like new!). The check engine light is always on (catylitic converter). I live with it. This car is great on the highway (29 mpg). It prefers Premium gasoline. Leather seats and interior is very comfy (for a single guy) if you drive a lot... and you can fit 5 2x4x10's inside with practice. This model year (2001-2004) is known for weak transmissions (2001-2002 especially) (I blew my transmission towing a heavy load - not the cars falt), a poor steering rack (you have to remove the engine to replace it) and vacuum leaks that can drive you nuts. I live in new England and this is the first car I have owned with this many miles with NO RUST. I think the poor transmission is why there are so few of these on the road in the states - the cost to replace is the replacement cost at this point. I am looking for another used one, 2004 if possible with low miles-at 1.8 cents per mile for my purchase price its a great value.
5 out of 5 stars
Volvo replaces a winner
4dr Wagon (1.9L 4cyl Turbo 5A)
I don't understand why Volvo replaced this pure winner in 2005. We went shopping for a Mini or something similar to offset the gas guzzling mileage of our SUVs and found this V40 wagon small enough, wonderfully fuel efficient (occasionally averaging 30 mpgs for a tankful), with quality fit and finish and ever so much more practical than compact sedans. It is responsive in every way, has been great in the snow, and is fun to drive. It is the perfect car for an empty nest couple who still need to move things from place to place and are still young enough to want a great driving drive vehicle.
4.38 out of 5 stars
Consultant's Car
4dr Wagon (1.9L 4cyl Turbo 5A)
This was our first Volvo purchase. We wanted a car that was safe, but fuel efficient. We also wanted a car that was flexible enough to be both our family car, but also a respectable car to be driven for my consulting work. The V40 fit the bill. I have to drive both short distances in city traffic as well as long distances on highways and the V40 handles both nicely. Four years later I still love my car. I would buy another.
3.63 out of 5 stars
Bitter-Sweet Feelings for the Vovo V40
LSE 4dr Wagon (1.9L 4cyl Turbo 5A)
On the first long trip, the engine light came up. Then again, and again. For the first 2000 miles drive, the car was 15 days in the dealership service bay. Then, the best feature of its turbo was not set right. The dash lights keep coming up every now and then without any pattern. Still not fully 'exorcised' and the warranty is over. I will probably never buy a Volvo again, safety or no safety! If your car transmission dies suddenly on a freeway, I don't know how you call it safe or reliable. But only one thing I like about it, the peppy turbo charged engine. Muscle car drivers hate its guts!

More about the 2004 Volvo V40

Used 2004 Volvo V40 Overview

The Used 2004 Volvo V40 is offered in the following submodels: V40 Wagon. Available styles include 4dr Wagon (1.9L 4cyl Turbo 5A), and LSE 4dr Wagon (1.9L 4cyl Turbo 5A). The Used 2004 Volvo V40 comes with front wheel drive. Available transmissions include: 5-speed automatic. The Used 2004 Volvo V40 comes with a 4 yr./ 50000 mi. basic warranty, a 4 yr./ unlimited mi. roadside warranty, and a 4 yr./ 50000 mi. powertrain warranty.

What's a good price on a Used 2004 Volvo V40?

Shop with Edmunds for perks and special offers on used cars, trucks, and SUVs near Ashburn, VA. Doing so could save you hundreds or thousands of dollars. Edmunds also provides consumer-driven dealership sales and service reviews to help you make informed decisions about what cars to buy and where to buy them.

Which used 2004 Volvo V40s are available in my area?

Shop Edmunds' car, SUV, and truck listings of over 6 million vehicles to find a cheap new, used, or certified pre-owned (CPO) 2004 Volvo V40 for sale near. Simply research the type of car you're interested in and then select a used car from our massive database to find cheap prew-owned vehicles for sale near you. Once you have identified a used vehicle you're interested in, check the AutoCheck vehicle history reports, read dealer reviews, and find out what other owners paid for the Used 2004 Volvo V40.

Can't find a used 2004 Volvo V40s you want in your area? Consider a broader search.

Find a used Volvo V40 for sale - 11 great deals out of 22 listings starting at $18,739.

Find a used Volvo for sale - 12 great deals out of 23 listings starting at $16,341.

Find a used certified pre-owned Volvo V40 for sale - 8 great deals out of 19 listings starting at $8,886.

Find a used certified pre-owned Volvo for sale - 6 great deals out of 16 listings starting at $16,134.

Should I lease or buy a 2004 Volvo V40?

Is it better to lease or buy a car? Ask most people and they'll probably tell you that car buying is the way to go. And from a financial perspective, it's true, provided you're willing to make higher monthly payments, pay off the loan in full and keep the car for a few years. Leasing, on the other hand, can be a less expensive option on a month-to-month basis. It's also good if you're someone who likes to drive a new car every three years or so.

Check out Volvo lease specials
Check out Volvo V40 lease specials