The Good
The 2001 Volvo V40 offered a comfortable ride and decent fuel efficiency, appealing to practical buyers. Performance was adequate for daily driving. The Volvo brand's reputation for safety provided peace of mind, an emotional draw. Its wagon design offered practicality and a touch of European flair, making it a well-rounded and reasonably priced choice in its segment.
The Bad
The 2001 Volvo V40 had some known weaknesses. Potential buyers should watch out for issues with the automatic transmission, particularly slipping or harsh shifting. Electrical problems, especially with sensors and relays, can also occur. Suspension components and bushings tend to wear out over time, requiring replacement. Turbocharger issues, if equipped, are also a possibility.
2001 Volvo V40: Quick Overview
- Engine Options: Primarily a 1.9-liter turbocharged inline-4 cylinder engine was available.
- Horsepower: The 1.9L turbo engine typically produced around 160-170 horsepower.
- Fuel Economy: Expect fuel economy in the range of 20-24 mpg city and 27-32 mpg highway. Fuel economy varies greatly based on driving habits and maintenance.
- 0-60 Times: 0-60 mph acceleration was in the range of 8-9 seconds, depending on the transmission and engine condition.
- Towing Capacity: The 2001 Volvo V40 was not generally recommended for towing. Towing capacity would be very limited, if applicable at all.
- Trim-Level Features:
- Base Model: Standard features included air conditioning, power windows and locks, keyless entry, and a basic sound system. Safety features included front airbags and anti-lock brakes (ABS).
- Higher Trims: Higher trims may include leather upholstery, a sunroof, upgraded sound system, alloy wheels, and cruise control. Some models also included side airbags and traction control.
- Other Available Options: Features like fog lights, heated seats, and a trip computer could be found as optional extras.
2001 Volvo V40 Specifications
Vehicle Information
| Year | 2001 |
| Make | Volvo |
| Model | V40 |
| Trim | - |
| Style | - |
| Type | Wagon |
| Category | Compact Car |
Manufacturing Details
| Made In | Netherlands |
| Manufacturing City | - |
Dimensions
| Doors | - |
| Curb Weight | - |
| Gross Vehicle Weight Rating | - |
| Overall Height | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | - |
Engine & Performance
| Engine | - |
| Engine Size | - |
| Engine Cylinders | - |
| Transmission | - |
| Transmission Type | - |
| Transmission Speeds | - |
| Drivetrain | Front-Wheel Drive |
Additional Features
| Anti-Brake System | - |
| Steering Type | - |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | - |
| Invoice Price | - |
| Delivery Charges | - |
Vehicle History Report
Specifications
History
Events
History Check
Check
Check
Check
Check
Listings
Recalls
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Analysis
What Problems Does the 2001 Volvo V40 Have?
Suspension wear is common, with bushings and control arms needing replacement over time. Turbocharger issues, such as oil leaks or failure, can also occur, especially in models with higher mileage. Engine oil leaks from various seals and gaskets are also reported.
Rust can be a problem, particularly in areas with harsh winters where salt is used on the roads. Check the undercarriage, wheel wells, and lower body panels for rust. Recalls may have been issued over the years, so checking the NHTSA website with the VIN is recommended to ensure all recall work has been performed. Long-term reliability concerns center around the increasing likelihood of needing repairs as the vehicle ages, particularly with the transmission and electrical systems. Regularly scheduled maintenance is crucial to maximizing the lifespan of the 2001 V40.
How long will the 2001 Volvo V40 last?
Weaknesses over time include the aforementioned transmission issues, electrical gremlins, and suspension component wear. Rust can also become a major factor, especially in colder climates. The availability of parts can sometimes be a challenge as the vehicle ages.
What Technology & Safety Features are Included?
In terms of safety, the V40 emphasized Volvo's traditional strengths. Standard safety features included front airbags and anti-lock brakes (ABS). Side airbags were available as an option on some trims. Volvo was known for its commitment to safety, and the V40 reflected this.
Optional features could include cruise control, fog lights, and heated seats. It lacked modern conveniences like navigation systems, smartphone integration, and advanced infotainment systems. Crash-test ratings from organizations like NHTSA (National Highway Traffic Safety Administration) or IIHS (Insurance Institute for Highway Safety) should be researched for the specific model year if available. While specific scores may vary, Volvo generally had a reputation for strong crashworthiness. Keep in mind safety standards have changed considerably since 2001.
What Colors Options are Available?
Exterior Colors
Interior Colors
2001 Volvo V40 Prices and Market Value
2001 Volvo V40 Cost of Ownership
2001 Volvo V40 Fuel Efficiency
2001 Volvo V40 Insurance
reasonable repair costs.
How Does the 2001 Volvo V40 Compare to Other Wagon?
Reliability is where the V40 can fall short compared to some competitors. The Volkswagen Golf/Jetta Wagon, while potentially having its own issues, often had better long-term reliability ratings. The Subaru Impreza Wagon offered the advantage of all-wheel drive, which is a significant benefit in snowy or icy conditions.
In terms of price, the V40 is currently very affordable on the used market. However, potential maintenance costs need to be factored in. Similar or potentially better alternatives include the Volkswagen Golf/Jetta Wagon (for better reliability), the Subaru Impreza Wagon (for all-wheel drive), or even a Honda Civic or Toyota Corolla of similar vintage (for superior reliability and lower running costs), if a wagon isn't a strict requirement. The Saab 9-3, while a closer competitor in terms of style and driving experience, may present similar reliability concerns.
Ranks #2088 Sedan
| 1 | 2023 Toyota Camry | (5.0★) |
| 2 | 2023 Honda Accord | (0.0★) |
| 3 | 2023 Lexus ES | (0.0★) |
| 4 | 2024 Subaru Legacy | (5.0★) |
| 5 | 2022 Mazda MX-30 | (4.0★) |
| 6 | 2024 BMW M3 | (0.0★) |
| 7 | 2023 Ford Mustang | (5.0★) |
| 8 | 2023 Mercedes-Benz AMG GT | (0.0★) |
| 9 | 2023 Audi A3 | (0.0★) |
| 10 | 2023 Chevrolet Camaro | (5.0★) |
| 11 | 2023 Hyundai Elantra Hybrid | (0.0★) |
| 12 | 2023 Nissan Altima | (4.0★) |
| 2088 | 2001 Volvo V40 | (4.0★) |
Final Verdict: Is the 2001 Volvo V40 a Good Wagon?
PTA mom on February 12, 2014
Great car - great dearlership -Jack was so great in helping us get our car. He took all our needs and really worked with us to find us the best car and deal.
Dubve on February 4, 2009
Little TankUsed for commuting, bought auto used 2 years ago. No major issues as yet, handles and feels very secure on the road. Accelleration is more than adequite with the turbo. Living in Ontaio, Canada , handles snow extremely well. Issues so far check engine light comes on quite often, lights tend do blow out more than normal. o2 sensors are an issue. The cat code keeps coming up, erase code until engine light comes up again, a little irritating. Keepingour fingers crossed that no major issues arise!! Change oil regurley. One o the saest vehicles on the road with front airbags, front curtain air bags, side curtain airbags and shoulder height side airbags. Very satisfied and size is veryconvenient in the city. Good gas mileage in city around 24 mpg.
Hogtown on November 24, 2008
Terrific Little WagonOverall excellent overall, the only point up until now is the engine light keeps coming on. Different codes misfiring , o2 sensors a little annoying, bought car used have had it for a year. We have done the oil changes regularly,no major fixes as yet. Bulbs keep blowing and we have noticed on other volvo v4os have lights blown!!
PTA mom on February 12, 2014
Great car - great dearlership -Jack was so great in helping us get our car. He took all our needs and really worked with us to find us the best car and deal.
Dubve on February 4, 2009
Little TankUsed for commuting, bought auto used 2 years ago. No major issues as yet, handles and feels very secure on the road. Accelleration is more than adequite with the turbo. Living in Ontaio, Canada , handles snow extremely well. Issues so far check engine light comes on quite often, lights tend do blow out more than normal. o2 sensors are an issue. The cat code keeps coming up, erase code until engine light comes up again, a little irritating. Keepingour fingers crossed that no major issues arise!! Change oil regurley. One o the saest vehicles on the road with front airbags, front curtain air bags, side curtain airbags and shoulder height side airbags. Very satisfied and size is veryconvenient in the city. Good gas mileage in city around 24 mpg.
Hogtown on November 24, 2008
Terrific Little WagonOverall excellent overall, the only point up until now is the engine light keeps coming on. Different codes misfiring , o2 sensors a little annoying, bought car used have had it for a year. We have done the oil changes regularly,no major fixes as yet. Bulbs keep blowing and we have noticed on other volvo v4os have lights blown!!
PTA mom on February 12, 2014
Great car - great dearlership -Jack was so great in helping us get our car. He took all our needs and really worked with us to find us the best car and deal.
Dubve on February 4, 2009
Little TankUsed for commuting, bought auto used 2 years ago. No major issues as yet, handles and feels very secure on the road. Accelleration is more than adequite with the turbo. Living in Ontaio, Canada , handles snow extremely well. Issues so far check engine light comes on quite often, lights tend do blow out more than normal. o2 sensors are an issue. The cat code keeps coming up, erase code until engine light comes up again, a little irritating. Keepingour fingers crossed that no major issues arise!! Change oil regurley. One o the saest vehicles on the road with front airbags, front curtain air bags, side curtain airbags and shoulder height side airbags. Very satisfied and size is veryconvenient in the city. Good gas mileage in city around 24 mpg.
Hogtown on November 24, 2008
Terrific Little WagonOverall excellent overall, the only point up until now is the engine light keeps coming on. Different codes misfiring , o2 sensors a little annoying, bought car used have had it for a year. We have done the oil changes regularly,no major fixes as yet. Bulbs keep blowing and we have noticed on other volvo v4os have lights blown!!
PTA mom on February 12, 2014
Great car - great dearlership -Jack was so great in helping us get our car. He took all our needs and really worked with us to find us the best car and deal.
Eugene S
Eugene is an automotive enthusiast with over 15 years of experience in the used car market. As a writer at VINCheck.info, he brings deep industry insight and a passion for cars, helping readers make smart, informed decisions. Eugene has written hundreds of used car reviews and is known for breaking down complex automotive topics into clear, actionable advice. Over the years, he has driven and worked on a wide range of vehicles—starting with tuning street cars in his early days and eventually focusing on performance upgrades and reliability improvements. Today, he specializes in evaluating used vehicles through the lens of real-world ownership and enthusiast needs. A longtime fan of Porsche, Eugene especially appreciates vehicles that blend durability with driving enjoyment.