What used Volvo V40 hatchback will I get for my budget?
High-mileage early Volvo V40s can be found for £5000, but it is better to budget for at least £7000: this gets you a 1.6-litre D2 SE manual with average mileage and a decent service history. Petrol-powered models with an average number of miles as a full-service history, meanwhile, start at around £8000.
The V40 was given a mild facelift in 2016; if you want one of these cars, you’ll need to stump up at least £9000. Spend between £10,000 and £18,000 on good cars from 2017 and 2018. A last-of-the-line V40 from a Volvo main dealer will start from around £20,000 for a T2 Momentum model, and such is the current demand that you can spend up to £24,000 for the popular petrol-engined T3 in one of the higher specs.
If you’d rather a petrol V40, an early 1.6-litre T3 and T4 have similar economy and emissions figures (53.3mpg for the T3 and 51.4mpg and for the T4). The five-cylinder T5 is the most expensive model to run with a purse-busting figure of 34.9mpg. This is probably why it was replaced, along with the other petrol models, with a more efficient 2.0-litre four-cylinder engine that has a figure of 47.9mpg in 242bhp T5 form. The 1.5-litre petrol auto turns in a respectable figure of 50.4mpg.
Go for the D2 diesel for the lowest CO2 emissions of just 94g/km, although the 2.0-litre, four-cylinder used in the later D3 and D4 models managed to emit only 99g/km. Earlier (pre-2015) D3 and D4 models use a larger five-cylinder engine that puts out more CO2, at 114g/km.
As long as you avoid the five-cylinder T5 in early examples of V40 (it spits out 189g/km), then the petrols are reasonable for road tax. As with the diesel models, the petrol engine range was revised in 2015 to use smaller four-cylinder engines, which is why a later T5 only emits 137g/km in T5 form. Both the regular manual T4 and automatic-equipped T2 and T3 petrols produce 129g/km. The T3 has the lowest CO2 figure for a petrol V40 at 124g/km.
If your V40 was registered before 1 April 2017, then it'll be charged for yearly road tax under the older system that was based on CO2 emissions, whereas those registered after this point will pay a flat rate fee under the current system. This is currently set at £155 a year. To find out more about the current road tax costs, click here for further information.
Servicing, however, won’t be quite so cheap, as Volvo dealers do not provide fixed-price servicing. better to seek out a good independent dealer who will service your car for a little less than a main dealer.