By KBB Editors
Updated December 23, 2019
If you like to get the most bang for your buck, the S40 will impress you with its style, content and price. Long known for its emphasis on safety, Volvo carries on the tradition with side-impact and side-curtain airbags, the Whiplash Protection System and other safety features.
If you regularly need room for four adults, the S40’s cramped rear seat and moderate headroom are a negative. Power in the base car is far from exhilarating and all-wheel drive is available only with the pricier T5, which doesn’t offer a manual transmission option.
The V40 gets a slight freshening with a new front end and numerous interior improvements. An auxiliary audio input jack and a tire-pressure monitor are standard on all versions. T5 models get nearly 10 additional horsepower but lose their manual transmission option. SIRIUS Satellite Radio is standard on all T5 models.
The 2008 Volvo S40 is a fantastic way to enjoy the perks of owning a premium brand automobile without having to pay a premium price. For about the same money as a Honda Accord EX, customers can pick up an S40 2.4i complete with a frugal yet peppy five-cylinder engine, sporty ride and handling and legendary Volvo safety. For a bit more cash, the S40 T5 ups the ante with a powerful turbocharged engine, the availability of all-wheel drive and a long list of luxury features. While not as sophisticated or adept as an Audi A4 or BMW 3 Series, the S40 nonetheless plays well in this field, offering a nice balance of performance, economy and affordability.
2008 Volvo S40 pricing starts at $4,729 for the S40 2.4i Sedan 4D, which had a starting MSRP of $26,360 when new. The range-topping 2008 S40 T5 Sedan 4D starts at $5,623 today, originally priced from $29,260.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$26,360 | $4,729 | |||
$29,260 | $5,623 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2008 Volvo S40 models in typical condition when purchasing from a dealership. These prices are updated weekly.
Despite the moderate size, the S40 is one serious automobile, well suited for both the highway and twisting back roads. Stable and solid on the road, the S40 T5’s steering yields sharp, reasonably quick responses. Quiet and refined, the T5 is a spirited performer, with its smooth-shifting five-speed Geartronic automatic transmission adeptly handling the engine’s power. Unfortunately, the Geartronic manual shift mode is not as quick nor as fun to drive as the discontinued six-speed manual. Except for appropriate engine sounds when accelerating, little noise is heard. The T5’s suspension is noticeably stiffer than usual for Volvos, but discomfort occurs only on rougher bumps. On satisfactory surfaces, the ride is smooth enough. Though easy to load, the trunk’s size is modest.
Scandinavian in nature, the S40’s interior and dashboard qualify as no-frills. Volvo claims the "ultra-slim" center console is the first of its kind on the market. While the console looks neat, its stylistic slimness would make it difficult to upgrade to an aftermarket audio unit. The company promotes the S40’s "ergonomically designed" seats, and their comfort on long drives is undeniable. On the dashboard, temperature and fuel gauges are integrated into the speedometer, but are easy enough to read. Some controls on the vertical console aren’t quite as logical as they look, and glovebox space is meager. Compact outside, the S40 is quite roomy in the front-seat area, though it lacks good rear seat headroom.
The S40’s design evolves from the more rounded shape Volvo started with the S80. Few traces of the old squared-off profiles are left on today’s products from the Swedish-based automaker. What Volvo calls Intelligent Vehicle Architecture includes "extremely rigid" cross members for side-impact protection and a considerable amount of high-tensile steel in the structure. Manufactured in Belgium, the S40 bears a close resemblance to other Volvo models. Up front, at least, it’s a virtual twin to the new V50 wagon.
All-Wheel-Drive Availability
Even if required only occasionally, all-wheel drive enhances the Volvo’s feeling of security. Most of the time, you don’t even realize all-wheel drive is present.
Dynamic Sport Suspension
Volvo’s stiffer suspension boosts handling capabilities without extracting a significant penalty in ride comfort.
Even in the base 2.4i trim, the S40 features air conditioning, side-curtain airbags, front seat side-impact airbags, anti-lock brakes (ABS), an engine immobilizer, traction control, rear fog lamp, keyless remote entry, heated power mirrors, 16-inch alloy wheels, a single CD player and a tilt/telescoping steering wheel. Upgrading to the T5 adds a 2.5-liter turbocharged engine, five-speed automatic transmission, automatic climate control, upgraded audio with six-disc in-dash CD changer, SIRIUS Satellite Radio and an eight-way power driver’s seat.
Popular options are mostly bundled into packages. The base 2.4i offers a Climate Package with heated seats, headlamp washers and rain-sensing wipers. The Select Package adds a power glass moonroof, six-disc CD changer, upgraded speakers, trip computer and a power driver’s seat. Stand-alone options include leather seating (2.4i), Blind Spot Information System and the five-speed Geartronic automatic transmission (2.4i). The T5 offers Active Bi-Xenon headlamps, sport steering wheel, sport suspension, 17-inch "Zaurak" wheels, navigation and Volvo’s Keyless Drive remote start system.
The standard 2.4-liter engine is adequate for the casual driver, but lacks the low-end punch needed for quick bursts of speed when passing or merging. If you can swing the extra cash, opt for the T5 – its turbocharged engine brings the little S40 to life. The T5’s five-speed Geartronic automatic is not as quick as Audi’s DSG manual-shift transmission, but it’s the only choice for those who prefer shifting their own gears.
2.4-liter in-line 5
168 horsepower @ 6000 rpm
170 lb.-ft. of torque @ 4400 rpm
EPA city/highway fuel economy: 20/28
2.5-liter in-line 5 Turbocharged
227 horsepower @ 5000 rpm
236 lb.-ft. of torque @ 1500-5000 rpm
EPA city/highway fuel economy: 19/27 (automatic, FWD), 19/28 (manual, FWD), 18/26 (automatic, AWD), 17/25 (manual, AWD)
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | $170 | $4,268 | $1,898 | ||
2023 | $371 | $3,897 | $1,919 | ||
2024 | $253 | $3,644 | $1,587 | ||
Now | $270 | $3,374 | $1,212 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 3220 lbs. | ||
---|---|---|---|
EPA Passenger | 92.5 cu.ft. | ||
EPA Total Interior | 105.1 cu.ft. | ||
Fuel Capacity | 15.9 gallons | ||
Front Head Room | 38.9 inches | ||
Front Leg Room | 41.6 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.3 inches | ||
Overall Length | 176.2 inches | ||
Front Shoulder Room | 55.2 inches | ||
Towing Capacity, Maximum | 2000 lbs. | ||
Trunk or Cargo Capacity | 12.6 cu.ft. | ||
Turning Diameter | 34.9 feet | ||
Wheel Base | 103.9 inches | ||
Width with mirrors | 79.6 inches |
Adaptive Headlights | Available | ||
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Alloy Wheels | Available | ||
Fog Lights | Available | ||
HID Headlights | Available | ||
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors |
City | 20 mpg | ||
---|---|---|---|
Highway | 28 mpg | ||
Combined | 23 mpg |
Drivetrain | FWD | ||
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Transmission Type | Automatic | ||
5 speed | Available | ||
Recommended Fuel | Premium |
Horsepower | 168 @ 6000 RPM | ||
---|---|---|---|
Torque | 170 @ 4400 rpm | ||
Engine | 5-Cyl, 2.4 Liter | ||
0 to 60 | 7.7 seconds | ||
Top Speed | 137 mph |
Basic | 4 years / 50000 miles | ||
---|---|---|---|
Powertrain | 4 years / 50000 miles | ||
Corrosion | 10 years / 100000 miles |
Used 2008 Volvo S40 | Used 2011 Ford Fiesta | Used 2012 Kia Forte | Used 2010 Chevrolet Cobalt | ||
---|---|---|---|---|---|
Price | $4,729 | $3,497 | $3,695 | $4,037 | |
KBB.com Rating | N/A | 3.9 | 3.1 | N/A | |
Consumer Rating | 4.5 | 3.9 | 4.5 | 4.5 | |
Fuel Economy | City 20/Hwy 28/Comb 23 MPG | City 28/Hwy 37/Comb 32 MPG | City 26/Hwy 36/Comb 29 MPG | City 24/Hwy 33/Comb 27 MPG | |
Fuel Type | Gas | Gas | Gas | Gas | |
Safety Rating | N/A | 4.0 | 4.0 | N/A | |
Seating Capacity | 5 | 5 | 5 | 5 | |
Basic Warranty | 4 years or 50000 miles | 3 years or 36000 miles | 5 years or 60000 miles | 3 years or 36000 miles | |
Horsepower | 168 @ 6000 RPM | 120 @ 6000 RPM | 156 @ 6200 RPM | 155 @ 6100 RPM | |
Engine | 5-Cyl, 2.4 Liter | 4-Cyl, 1.6 Liter | 4-Cyl, 2.0 Liter | 4-Cyl, 2.2 Liter | |
Drivetrain | FWD | FWD | FWD | FWD |
Yes, the 2008 Volvo S40 is a good car. Its Kelley Blue Book rating of 0 out of 5 is within 10% of our average rating.
2008 Volvo S40 city/highway fuel economy ratings range from 19/27 mpg to 20/28 mpg, depending on trim and equipment.
Used 2008 Volvo S40 prices currently range from $4,729 for the 2.4i Sedan 4D to $5,623 for the T5 Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2008 Volvo S40 is the 2.4i Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $4,729.
The 2008 Volvo S40 is part of the 2nd-generation S40, which our owners give an above-average reliability rating of 4.5 out of 5.