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2002 Volvo V40 Overview, Reviews, Ratings & Specs

Rating: 4.40
Based on 10 Owner Reviews â–¶
Jovan | March 31, 2025
The 2002 Volvo V40 is a compact wagon, part of the first generation V40 produced from 1995-2004. Key trims included base and well-equipped models. It was known for its safety features, a trademark of Volvo. Pricing ranged from around $23,000 new. The V40 offered a blend of practicality and a touch of Swedish style, appealing to buyers seeking a safe and versatile vehicle. Its compact size made it easy to maneuver in urban environments.
The Good

The 2002 Volvo V40 offers a comfortable ride and a practical wagon body style. It's relatively reliable, especially with proper maintenance. Its design is understated yet stylish, appealing to those who appreciate a classic Scandinavian aesthetic. Economical fuel consumption and a reasonable price point make it a good value. The Volvo name evokes a sense of safety and dependability, which appeals to emotional buyers.

The Bad

Common issues on the 2002 Volvo V40 include potential problems with the electronic throttle module (ETM), leading to erratic engine behavior. Suspension components, particularly bushings and struts, may require replacement due to age. Some owners have reported issues with the climate control system. Rust can also be a concern, especially in areas with harsh winters. Regular maintenance is crucial to mitigate these potential problems.

2002 Volvo V40: Quick Overview

  • Engine Options: 1.9L turbocharged inline-4 cylinder
  • Horsepower: Approximately 160 hp
  • Fuel Economy: Around 22 mpg city / 30 mpg highway (estimated)
  • 0-60 Times: Estimated between 8.0 and 9.0 seconds
  • Towing Capacity: Not recommended or very limited; consult owner's manual
  • Trim-Level Features:
    • Base: Standard features included air conditioning, power windows and locks, anti-lock brakes (ABS), and front airbags.
    • Higher Trims (if applicable, based on regional availability): Could include features such as leather upholstery, sunroof, upgraded audio system, cruise control, alloy wheels, and side airbags. These features varied depending on the specific package and regional market.

Note: Specific features and options could vary based on the market and original vehicle configuration. It's recommended to inspect individual vehicles for exact specifications.

2002 Volvo V40 Specifications

Vehicle Information
Year 2002
Make Volvo
Model V40
Trim -
Style 1.9-T
Type Sedan
Category Small Station Wagon
Manufacturing Details
Made In Netherlands
Manufacturing City BORN
Dimensions
Doors 4-Door
Curb Weight 2822 pounds
Gross Vehicle Weight Rating -
Overall Height -
Overall Length -
Overall Width -
Wheelbase Length -
Standard Seating -
Engine & Performance
Engine B4204T3
Engine Size 1.9L
Engine Cylinders 4
Transmission -
Transmission Type Automatic
Transmission Speeds -
Drivetrain Front-Wheel Drive
Additional Features
Anti-Brake System -
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) $24,900
Invoice Price $23,406
Delivery Charges $625

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Analysis

What Problems Does the 2002 Volvo V40 Have?

The 2002 Volvo V40, like many vehicles of its age, has a few frequently reported problems. The Electronic Throttle Module (ETM) is a well-known issue, leading to rough idling, stalling, and reduced engine power. Replacing or cleaning the ETM can be a solution, but it's a significant expense. Suspension wear, particularly in the front, is common, requiring replacement of bushings, ball joints, and struts. The climate control system can also experience failures, with issues related to the AC compressor or blend door actuators. Rust, particularly in areas with road salt, is a long-term concern, affecting body panels and undercarriage components.
While specific recalls for the 2002 model year should be checked with the NHTSA (National Highway Traffic Safety Administration) database, common recalls for vehicles of this era often related to airbag systems or fuel system components. Long-term reliability is generally good if the vehicle receives consistent maintenance, but neglect can lead to a cascade of problems due to the age of rubber components, wiring, and sensors.

How long will the 2002 Volvo V40 last?

A well-maintained 2002 Volvo V40 can easily reach 200,000 miles or more. Many owners have reported exceeding this milestone with regular servicing. The lifespan heavily depends on maintenance habits. Neglecting oil changes, timing belt replacements, and other scheduled services significantly reduces longevity. Weaknesses over time include degradation of rubber components like hoses and seals, leading to leaks. Electrical components can also become brittle and prone to failure. Rust is a major factor affecting long-term durability, especially in colder climates where road salt is used.

What Technology & Safety Features are Included?

The 2002 Volvo V40 featured standard safety features typical for its time, including anti-lock brakes (ABS), front airbags, and side-impact protection. Some models may have included optional features such as side airbags for enhanced safety. Driver-assistance features were limited compared to modern cars. Entertainment options typically included a radio and CD player. Higher trims could offer an upgraded sound system.
Built-in tech was relatively basic, focusing on essential functions rather than advanced features. Information displays were usually limited to basic trip information and system warnings. Optional features like cruise control were available on some trims.
Crash-test ratings from institutions like the IIHS (Insurance Institute for Highway Safety) or NHTSA should be consulted for specific performance data. Volvo has a strong reputation for safety, and the V40 was designed with occupant protection in mind. However, safety standards have evolved significantly since 2002, so it's important to consider this in the context of modern vehicles.

What Colors Options are Available?

Exterior Colors
Black Stone
Nautic Blue Pearl
Silver Sand Metallic
Wine Red Pearl
Desert Wind Metallic
Classic Red
Graphite Grey Metallic
Champagne Metallic
Interior Colors
Arena Beige
Dark Grey

2002 Volvo V40 Prices and Market Value

When new, the 2002 Volvo V40 had a price range starting around $23,000. In today's used market, prices vary greatly based on condition, mileage, and location, but typically range from $2,000 to $6,000 or potentially less for vehicles in poor condition. Depreciation has been significant due to age. Factors affecting resale value include overall condition, maintenance records, mileage, and the presence of desirable options. The Volvo badge can hold some value, but age and potential maintenance costs heavily influence buyer perception.

2002 Volvo V40 Cost of Ownership

Insurance costs for a 2002 Volvo V40 are generally reasonable due to its age and modest value. Fuel costs are moderate, aligning with other compact cars of that era. Maintenance can be relatively inexpensive for routine items, but repairs, especially for the ETM or suspension, can be costly. Long-term ownership costs depend heavily on maintenance and repair needs; neglecting maintenance will lead to expensive problems, making it potentially costly to own. Finding a well-maintained example is crucial for economical ownership.

2002 Volvo V40 Fuel Efficiency

Fuel Type Gasoline (Required)
Fuel Capacity 15.9 gallons
City Mileage 19 miles/gallon
Highway Mileage 27 miles/gallon

2002 Volvo V40 Safety Rating

NHTSA
Side Driver Rating
Frontal Passenger Rating
Rollover Rating
Side Rear Passenger Rating
Frontal Driver Rating
IIHS
Roof Strength Test Results Not Tested
Rear Crash Protection/Head Restraint Ratings Not Tested
Moderate Overlap Front Test Results Not Tested
Side Impact Test Results Not Tested

2002 Volvo V40 Recalls & Defects

Equipment:other:labels
Recall date 2003-08-01
Recall no. 03v284000
Source NHTSA
Summary Certain Passenger Cars Fail TO Comply With THE Requirements OF Federal Motor Vehicle Safety Standard NO. 225, "child Restraint Anchorage Systems." THE Second Isofix Guide WAS NOT Installed IN These Vehicles And, IN Certain Cases, THE Owner's Manual Isofix Information IS Incorrect.
Consequence This Does NOT Meet THE Requirements OF THE Standard.
Remedy Owners Will Receive A Letter/Package Consisting OF THE Second Isofix Guide With Installation Instructions, and IN Certain Cases, THE Corrected Owner's Manual MAY BE Provided. IF THE Owner Wants TO Take Their Vehicle TO A Volvo Dealer FOR Installation OF THE Guide, IT Will BE Performed AT NO Charge TO THE Owner. Owner Notification Began ON December 19, 2003. Owners Should Contact Volvo AT 1-800-458-1552.
Notes Volvo Recall NO. 124.customers CAN Also Contact THE National Highway Traffic Safety Administration's Auto Safety Hotline AT 1-888-Dash-2-dot (1-888-327-4236).

2002 Volvo V40 Insurance

Insurance for a 2002 Volvo V40 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.

How Does the 2002 Volvo V40 Compare to Other Sedan?

The 2002 Volvo V40 competed with wagons and small sedans like the Volkswagen Golf/Jetta Wagon, Toyota Corolla/Matrix, and Subaru Impreza Wagon. In terms of performance, the V40's turbocharged engine offered decent power, comparable to the VW but less than some Subaru models. Features were competitive for the time, but the V40 wasn't a standout in terms of technology.
Reliability is a mixed bag; while Volvos have a reputation for longevity, the V40's ETM issues can be a significant concern. The Toyota and Subaru offerings generally had better reliability records. Price-wise, the used V40 is typically affordable now, similar to its rivals.
Alternatives to consider include the Toyota Matrix/Pontiac Vibe (joint venture) for superior reliability and the Subaru Impreza Wagon for all-wheel drive capability. The VW Golf/Jetta Wagon offers a similar European driving experience. The V40's appeal lies in its Volvo heritage and unique styling, but practical buyers might prioritize reliability with a Japanese alternative.

Ranks #79 Wagon

1 2015 Toyota Venza (5.0★)
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3 2024 Subaru Impreza (5.0★)
4 2009 Mazda CX-7 (5.0★)
5 2023 Ford Transit Connect Wagon (0.0★)
6 2023 Audi A6 allroad (0.0★)
7 2021 Ram ProMaster City (0.0★)
8 2019 Volvo V60 (4.0★)
9 2015 Scion xB (0.0★)
10 2010 Volkswagen Passat (5.0★)
11 2008 Pontiac Vibe (0.0★)
12 2006 Land Rover Range Rover (0.0★)
79 2002 Volvo V40 (4.0★)

Final Verdict: Is the 2002 Volvo V40 a Good Sedan?

The 2002 Volvo V40 is ideal for someone seeking an affordable, practical, and slightly quirky wagon with a touch of Swedish charm. It's worth buying if you find a well-maintained example with documented service history, especially one where the ETM has already been addressed or replaced. Avoid models with excessive rust or signs of neglect. It's best suited as a used vehicle due to its age. A careful pre-purchase inspection by a trusted mechanic is essential. If reliability is your top priority, alternatives from Toyota or Subaru might be a better choice. However, for those who appreciate Volvo's safety reputation and unique design, the V40 can be a rewarding purchase.

2002 Volvo V40 Owner Reviews

4.40
Consumer Rating, Based on 10 Consumer Reviews
Overall rating
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Experienced Buyer on July 7, 2014

Excellent car for college student

As a former leasing and sales consultant in the car business, I was looking for an ideal vehicle for my son to use over the summer and then off to college. The Volvo V40 is an ideal mix of space, utility, style and function. As with most Volvos, the interior space is very efficient, especially for a small wagon. Fuel economy is excellent and performance is more than adequate with the 1.9 liter turbo 4-cylinder engine. Fit and finish are still very good considering the age of the car( 2002 ). We purchased the base model which does not have all the bells and whistles, just as well for a college student who may add what he decides down the road. We did replace the factory stereo with a CD stereo with bluetooth for safer driving. Depending on mileage, just need to make sure all major operating systems are up to date including timing belt, brake rotors and struts. Only minor complaint: the Volvo requires premium gas. Otherwise, an excellent vehicle and value.

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Enjoy the Ride on September 18, 2009

Safe, Reliable, Good Looking and Accommodating

I purchased my 2002 V40 used in 2006 with 87,000kms on it. I am now around 150,000kms and have been very happy. My wife and I were planning on having children and were looking for a car that was safe, reliable and accommodating to our large loads such as a stroller, drums, tools etc. (obviously not all at once) and we found it. The V40 is very spacious in the cargo area and if needed, all the seats fold completely down. It feels very smooth on the road especially at highway speeds, can someone say Turbo! The only issues I have is that I wish the V40 had less hood and a bit more interior leg space, especially in the back seats. Also, I'm not a big fan of the hand turn dial to move the seat back up and down. A lever or electric would be much more comfortable. Other than that as long as you keep up the maintenance the V40 should last a long time and be just as safe and reliable when you're done as it was when you bought it. Happy Trails

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Experienced Buyer on July 7, 2014

Excellent car for college student

As a former leasing and sales consultant in the car business, I was looking for an ideal vehicle for my son to use over the summer and then off to college. The Volvo V40 is an ideal mix of space, utility, style and function. As with most Volvos, the interior space is very efficient, especially for a small wagon. Fuel economy is excellent and performance is more than adequate with the 1.9 liter turbo 4-cylinder engine. Fit and finish are still very good considering the age of the car( 2002 ). We purchased the base model which does not have all the bells and whistles, just as well for a college student who may add what he decides down the road. We did replace the factory stereo with a CD stereo with bluetooth for safer driving. Depending on mileage, just need to make sure all major operating systems are up to date including timing belt, brake rotors and struts. Only minor complaint: the Volvo requires premium gas. Otherwise, an excellent vehicle and value.

Was this review helpful?
1
0

Enjoy the Ride on September 18, 2009

Safe, Reliable, Good Looking and Accommodating

I purchased my 2002 V40 used in 2006 with 87,000kms on it. I am now around 150,000kms and have been very happy. My wife and I were planning on having children and were looking for a car that was safe, reliable and accommodating to our large loads such as a stroller, drums, tools etc. (obviously not all at once) and we found it. The V40 is very spacious in the cargo area and if needed, all the seats fold completely down. It feels very smooth on the road especially at highway speeds, can someone say Turbo! The only issues I have is that I wish the V40 had less hood and a bit more interior leg space, especially in the back seats. Also, I'm not a big fan of the hand turn dial to move the seat back up and down. A lever or electric would be much more comfortable. Other than that as long as you keep up the maintenance the V40 should last a long time and be just as safe and reliable when you're done as it was when you bought it. Happy Trails

Was this review helpful?
1
0

Experienced Buyer on July 7, 2014

Excellent car for college student

As a former leasing and sales consultant in the car business, I was looking for an ideal vehicle for my son to use over the summer and then off to college. The Volvo V40 is an ideal mix of space, utility, style and function. As with most Volvos, the interior space is very efficient, especially for a small wagon. Fuel economy is excellent and performance is more than adequate with the 1.9 liter turbo 4-cylinder engine. Fit and finish are still very good considering the age of the car( 2002 ). We purchased the base model which does not have all the bells and whistles, just as well for a college student who may add what he decides down the road. We did replace the factory stereo with a CD stereo with bluetooth for safer driving. Depending on mileage, just need to make sure all major operating systems are up to date including timing belt, brake rotors and struts. Only minor complaint: the Volvo requires premium gas. Otherwise, an excellent vehicle and value.

Was this review helpful?
1
0

Enjoy the Ride on September 18, 2009

Safe, Reliable, Good Looking and Accommodating

I purchased my 2002 V40 used in 2006 with 87,000kms on it. I am now around 150,000kms and have been very happy. My wife and I were planning on having children and were looking for a car that was safe, reliable and accommodating to our large loads such as a stroller, drums, tools etc. (obviously not all at once) and we found it. The V40 is very spacious in the cargo area and if needed, all the seats fold completely down. It feels very smooth on the road especially at highway speeds, can someone say Turbo! The only issues I have is that I wish the V40 had less hood and a bit more interior leg space, especially in the back seats. Also, I'm not a big fan of the hand turn dial to move the seat back up and down. A lever or electric would be much more comfortable. Other than that as long as you keep up the maintenance the V40 should last a long time and be just as safe and reliable when you're done as it was when you bought it. Happy Trails

Was this review helpful?
1
0

Experienced Buyer on July 7, 2014

Excellent car for college student

As a former leasing and sales consultant in the car business, I was looking for an ideal vehicle for my son to use over the summer and then off to college. The Volvo V40 is an ideal mix of space, utility, style and function. As with most Volvos, the interior space is very efficient, especially for a small wagon. Fuel economy is excellent and performance is more than adequate with the 1.9 liter turbo 4-cylinder engine. Fit and finish are still very good considering the age of the car( 2002 ). We purchased the base model which does not have all the bells and whistles, just as well for a college student who may add what he decides down the road. We did replace the factory stereo with a CD stereo with bluetooth for safer driving. Depending on mileage, just need to make sure all major operating systems are up to date including timing belt, brake rotors and struts. Only minor complaint: the Volvo requires premium gas. Otherwise, an excellent vehicle and value.

Was this review helpful?
1
0

Enjoy the Ride on September 18, 2009

Safe, Reliable, Good Looking and Accommodating

I purchased my 2002 V40 used in 2006 with 87,000kms on it. I am now around 150,000kms and have been very happy. My wife and I were planning on having children and were looking for a car that was safe, reliable and accommodating to our large loads such as a stroller, drums, tools etc. (obviously not all at once) and we found it. The V40 is very spacious in the cargo area and if needed, all the seats fold completely down. It feels very smooth on the road especially at highway speeds, can someone say Turbo! The only issues I have is that I wish the V40 had less hood and a bit more interior leg space, especially in the back seats. Also, I'm not a big fan of the hand turn dial to move the seat back up and down. A lever or electric would be much more comfortable. Other than that as long as you keep up the maintenance the V40 should last a long time and be just as safe and reliable when you're done as it was when you bought it. Happy Trails

Was this review helpful?
1
0

Experienced Buyer on July 7, 2014

Excellent car for college student

As a former leasing and sales consultant in the car business, I was looking for an ideal vehicle for my son to use over the summer and then off to college. The Volvo V40 is an ideal mix of space, utility, style and function. As with most Volvos, the interior space is very efficient, especially for a small wagon. Fuel economy is excellent and performance is more than adequate with the 1.9 liter turbo 4-cylinder engine. Fit and finish are still very good considering the age of the car( 2002 ). We purchased the base model which does not have all the bells and whistles, just as well for a college student who may add what he decides down the road. We did replace the factory stereo with a CD stereo with bluetooth for safer driving. Depending on mileage, just need to make sure all major operating systems are up to date including timing belt, brake rotors and struts. Only minor complaint: the Volvo requires premium gas. Otherwise, an excellent vehicle and value.

Was this review helpful?
1
0

Enjoy the Ride on September 18, 2009

Safe, Reliable, Good Looking and Accommodating

I purchased my 2002 V40 used in 2006 with 87,000kms on it. I am now around 150,000kms and have been very happy. My wife and I were planning on having children and were looking for a car that was safe, reliable and accommodating to our large loads such as a stroller, drums, tools etc. (obviously not all at once) and we found it. The V40 is very spacious in the cargo area and if needed, all the seats fold completely down. It feels very smooth on the road especially at highway speeds, can someone say Turbo! The only issues I have is that I wish the V40 had less hood and a bit more interior leg space, especially in the back seats. Also, I'm not a big fan of the hand turn dial to move the seat back up and down. A lever or electric would be much more comfortable. Other than that as long as you keep up the maintenance the V40 should last a long time and be just as safe and reliable when you're done as it was when you bought it. Happy Trails

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Jovan

Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.