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2004 Volvo V40 Overview, Reviews, Ratings & Specs

Rating: 4.62
Based on 12 Owner Reviews â–¶
Jovan | March 31, 2025
The 2004 Volvo V40 is a compact wagon, part of the first generation V40 produced from 1995-2004. Available trims included the base V40 and well-equipped models. Known for its blend of practicality and safety, a hallmark of Volvo, it offered a comfortable ride and decent cargo space. Its pricing range when new was competitive within the compact wagon segment. The V40 stood out due to its safety features and comfortable interior, appealing to families and individuals seeking a practical and reliable vehicle.
The Good

The 2004 Volvo V40 offers a comfortable ride and a reputation for solid reliability, appealing to practical buyers. Its design, while understated, exudes a sense of Scandinavian style. Fuel efficiency is reasonable for its class. For emotional buyers, the Volvo badge inspires confidence and a sense of security.

The Bad

Potential weaknesses of the 2004 Volvo V40 include potential issues with the electronic components, particularly the engine management system. Some owners have reported problems with the automatic transmission. Rust can be an issue in colder climates, so inspect the undercarriage carefully. Also, certain parts can be more expensive than those for more common vehicles.

2004 Volvo V40: Quick Overview

  • Engine Options: A variety of inline-4 gasoline engines were available, typically ranging from 1.6L to 2.0L, including turbocharged versions.
  • Horsepower: Horsepower figures varied depending on the engine. Naturally aspirated engines produced around 105-140 hp, while turbocharged engines could reach 160-200 hp.
  • Fuel Economy: Expect fuel economy in the range of 20-24 mpg city and 27-32 mpg highway, depending on the engine and transmission.
  • 0-60 Times: 0-60 mph times varied significantly. Turbocharged models could achieve times of around 7-8 seconds, while naturally aspirated versions were closer to 10-11 seconds.
  • Towing Capacity: The 2004 Volvo V40 was not typically used for towing, and its towing capacity was limited, likely under 1,500 lbs if equipped with a tow hitch. Check the owner's manual for exact specifications.
  • Trim-Level Features:
    • Base: Included standard features like air conditioning, power windows, power locks, and a basic audio system. Safety features such as anti-lock brakes (ABS) and front airbags were standard.
    • Higher trims (often badged with equipment packages): Could add features such as leather upholstery, a sunroof, upgraded audio system (including CD player), alloy wheels, cruise control, heated seats, automatic climate control, and side airbags. Turbo models often included sport-tuned suspension.

2004 Volvo V40 Specifications

Vehicle Information
Year 2004
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 -
Additional Features
Anti-Brake System -
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) -
Invoice Price -
Delivery Charges -

Vehicle History Report

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History
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Past Sale
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Safety
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Market Price
Analysis

What Problems Does the 2004 Volvo V40 Have?

Frequently reported problems for the 2004 Volvo V40 often revolve around electrical issues. These can include problems with sensors, particularly related to the engine management system, and issues with the central locking system. Some owners have reported problems with the automatic transmission, including rough shifting or failure. The air conditioning system can also be prone to problems.

Rust is a significant concern, especially in areas with salted roads. Check the undercarriage, wheel wells, and body panels carefully for signs of corrosion.

While specific recalls for the 2004 model year should be checked with the NHTSA database, general Volvo V40 concerns included potential airbag issues (related to the Takata recall, though applicability should be confirmed for this specific year and model). Other potential long-term reliability concerns include wear and tear on suspension components, particularly the struts and bushings. Engine oil leaks can also become an issue as the car ages. Regular maintenance and addressing issues promptly can significantly extend the life of the vehicle. It's advisable to obtain a pre-purchase inspection by a qualified mechanic to identify any potential problems.

How long will the 2004 Volvo V40 last?

With proper maintenance, a 2004 Volvo V40 can easily reach 200,000 miles or more. Many owners report using them as reliable daily drivers well into their late teens or early twenties in terms of years. Long-term durability hinges on consistent servicing, particularly oil changes and addressing cooling system issues promptly. Weaknesses over time typically involve wear and tear on rubber components (hoses, belts, bushings), and potential rust, especially in colder climates. The electronic systems can also become more temperamental with age. Well-maintained examples demonstrate impressive longevity.

What Technology & Safety Features are Included?

The 2004 Volvo V40 featured technology that was considered respectable for its time. Standard entertainment features typically included an AM/FM radio and, depending on the trim, a CD player. Higher trim levels offered upgraded audio systems.

Driver-assistance features were limited compared to modern vehicles. Cruise control was often an available option. In terms of safety, the V40 came standard with anti-lock brakes (ABS) and front airbags. Optional safety features, often found on higher trims, included side airbags and traction control.

While specific crash-test ratings for the 2004 model year should be confirmed with the IIHS and NHTSA, the V40 generally performed well in crash tests for its era. Volvo prioritized safety, and the V40 reflected this commitment. Keep in mind that safety standards have evolved significantly since 2004, and modern vehicles offer more advanced safety technology. Overall, the V40 focused on providing a safe and comfortable driving experience within the technological constraints of its time.

What Colors Options are Available?

Exterior Colors
Black Stone
Silver Sand Metallic
Barents Blue Metallic
Nautic Blue Pearl
Graphite Grey Metallic
Champagne Metallic
Red
Interior Colors
Arena Beige
Dark Grey
Sand Beige

2004 Volvo V40 Prices and Market Value

When new, the 2004 Volvo V40 had a starting price in the range of $20,000 to $25,000, depending on the trim and options. Today, used market prices typically range from $2,000 to $6,000, depending on condition, mileage, and location. The V40 has experienced significant depreciation, which is typical for older vehicles. Factors affecting resale value include the vehicle's condition (rust-free examples command a premium), maintenance history, mileage, and overall demand for older wagons. Low mileage and meticulous maintenance records will positively impact resale value.

2004 Volvo V40 Cost of Ownership

Insurance costs for a 2004 Volvo V40 are generally relatively low due to its age and market value. Fuel costs are moderate, depending on driving habits and engine type. Maintenance and repair costs can be higher compared to more common vehicles, particularly for specialized parts. Long-term ownership costs can be moderate if the vehicle is well-maintained, but unexpected repairs can increase expenses. Overall, the V40 is not the most economical vehicle to own, but careful maintenance can help manage costs.

2004 Volvo V40 Fuel Efficiency

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Fuel Capacity -
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2004 Volvo V40 Safety Rating

NHTSA
Overall Rating Not Tested
Overall Frontal Star Rating Not Tested
Side Overall Star Rating Not Tested
Overall Rollover Star Rating Not Tested
Combined Front Seat Rating Not Tested
Combined Rear Seat Rating Not Tested
Overall Frontal Star Rating Not Tested
Frontal Barrier Star Ratings Not Tested
Side Barrier Star Ratings Not Tested
Rollover Resistance Star Rating Not Tested

2004 Volvo V40 Insurance

Insurance for a 2004 Volvo V40 is moderately priced, reflecting its status as a Wagon with strong safety ratings and
reasonable repair costs.

How Does the 2004 Volvo V40 Compare to Other Wagon?

The 2004 Volvo V40 competed against vehicles like the Volkswagen Jetta Wagon, Subaru Impreza Wagon, and Mazda 3 Wagon (though the Mazda 3 Wagon came later). In terms of performance, the turbocharged V40 models offered competitive acceleration, while naturally aspirated versions were more moderate. Feature-wise, the V40 provided a good level of standard and optional equipment for its time, though rivals like the Jetta Wagon might offer slightly more luxurious features.

Reliability is a mixed bag; the V40 can be reliable with proper maintenance, but some rivals like the Honda Civic or Toyota Corolla based wagons (if available) might have a slightly better reputation for long-term dependability. Price-wise, the V40 was generally competitive.

Alternatives to consider include the Volkswagen Jetta Wagon for a more refined driving experience and interior, or a Subaru Impreza Wagon for its all-wheel-drive capability (if desired). A well-maintained Toyota Corolla or Honda Civic based wagon, if one can be found, could also offer better long-term reliability at a similar price point. Ultimately, the best choice depends on individual priorities and budget.

Ranks #1998 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★)
1998 2004 Volvo V40 (5.0★)

Final Verdict: Is the 2004 Volvo V40 a Good Wagon?

The 2004 Volvo V40 is ideal for budget-conscious buyers seeking a practical and safe wagon with a touch of Scandinavian flair. It's worth buying *used* if you find a well-maintained example with a comprehensive service history and minimal rust. Look for higher trim levels with desirable options like leather seats and a sunroof. Avoid examples with obvious signs of neglect or deferred maintenance. A pre-purchase inspection by a trusted mechanic is essential. If you prioritize ultimate reliability, alternatives might be better choices. However, for someone who appreciates Volvo's heritage and values safety and practicality on a budget, a good V40 can be a rewarding purchase.

2004 Volvo V40 Owner Reviews

4.62
Consumer Rating, Based on 12 Consumer Reviews
Overall rating
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John on August 7, 2024

I drove several Volvo's, 340-1.

I drove several Volvo's, 340-1.7 (1984), 460 (1995), V40 1.9D (1998), V40 2.0T(2001), V40 2.0T(2004), V60 2.0T(2012) the V40 2.0T is by farout my favorite car I drove, I still regret the swap to the V60 ( although I had the wish/dream once to drive a 5 cilinder 850T5R), that 5 5 cilinder has a marvelous sound)

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Fefe on February 11, 2020

Most Reliable vehicle I owned

This car met all of my needs. A very safe car to drive ! A wagon just like an SUV ! Safety is the very important feature of this car.

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2004V40CHIDC on January 22, 2020

Performs like new after 13 years of ownership

13 years behind the wheel of a classic, 2 cross country moves, and even 10 fishing trips to backwater Canada, and nearly 200k miles later, it's time for me to on. The above reviews are essentially accurate for my vehicle, even at this late stage. The blown lightbulbs and the particular difficulty of changing the driver's side bulbs (you have to take out the battery) are the only ongoing maintenance issue that I've encountered. To be clear, every prospective buyer should know that this car is a TRUE IMPORT (the American "2004" V40 is leftover 2003 European stock that was sold off here after both lines were discontinued), and nearly two decades after it was manufactured in Slovakia, I would not own one without a reliable import specialist or Volvo dealership service close at hand. Generally, dealers in Florida, Illinois, Maryland, and Virginia (we've moved a lot) have all provided excellent maintenance at prices competitive with a good import specialist. In January 2020, it just got 30 MPH fully loaded with books on 200 mile drive from our old home at sea level to our new Appalachian home at 3000 feet, in 16 degree weather, all while sliding by slower traffic on the mountain grades and handling curves better than our 2019 Outback. Best car I'll ever own. I've had money budgeted for something newer and "nicer" since 2012. But the old rally wagon did every job that I needed it to for almost eight years and has only cost me a few thousand dollars in non-routine maintenance. My niece is thrilled to get it as a hand me down, because it's an affluent cliche. But if shabby chic is your thing, I highly recommend buying one for a very young or very old driver, where the handling, safety, and gas mileage will appreciated. One more thing: My dogs (German Shepherd and Cattle Dog) have loved this vehicle inordinately... they never want to ride in the other car, whatever that is. Another thing: Flying out of Toronto on the 401 express lanes, just eating that very special traffic xxxx for breakfast, is a joy that will forever be lost when I no longer drive this car.

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Volvo for safety on January 13, 2018

Wonderful under estimated Volvo

This is one of the best Volvo cars, I have owned. I have owned about 25 Volvos. It is quick, nimble, hardly leans in the curves, unlike older Volvos. The computer says it is getting 41 MPG on the expressway.

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Stickefingers on August 20, 2017

Keeps on running like the energized bunny

It is a great model with a lot of value for the price, came loaded like a more expensive luxury vehicle for a portion of the price, quick response and really good handling this was one for the ages.

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ididntbitem on May 7, 2012

Beautiful to look at-even better to drive!

This is the newest and most expensive car I have purchased, and it has been worth it! I searched for a few months for the right model year for the right price and found it. I love my car!

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SJG on November 26, 2010

Great Little Car

After driving Jettas for many years I decided to treat myself to a little more "Cush". Look at S70's, V70's and S60's. Om I bought mine in April with 70K on it. I have since pn a whim I decided to look at 40's. Bought mine in April with 70K on it. Have since put on over 12K. It rides well, handles great and with sensible driving, gets 30 around town (country driving) and 35+ on highway. Every once in a while I get on it and put it through its paces, it responds wonderfully (I think it likes it!!). I've also gotten many compliments on its looks. Gave a friend a ride and all he kept saying for the entire time was "this is a nice car". Only issue so far is blown brake light bulbs, but I can live with that. Definitely would recomend it to a friend and plan on getting lots more miles out ot it.

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Zelig on January 3, 2010

I love my v40

This is a great car. Looks different than the conventional boxy Volvo. Very comfortable front seats. Handles very well. Very fuel efficient at 30 mph on the highways. Back seat a little cramped for taller adults.

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Cleveland Ohio on October 7, 2009

Great Car, a couple of problems

My wife and I bought this car new. The styling is great, there is plenty of cargo space for one child, one large dog and some luggage. There has been one nagging problem. I have replaced rotors on the brakes four times. I drive the brakes very gently so this is definately not an operator problem. I have been through two sets of mechanics and the problem continues to pop up. It is an expensive, recurring problem. Hard to believe that everybody has the same problem with lamps burning out but that has been a problem with us also. Go figure. That is pretty minor really. Very comfortable car. MPG is better than we expected, close to 32 mpg using regular gas on the highway. We are up to 107,000 miles and still going w/o any major complaints besides the brakes and rotors. I'll probably go back to Toyota when it is time to get something new.

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New Vovlo Owner and loving it on July 14, 2008

A solid car and sexy too!

The car handles very well, no matter the weather conditions. The gas mileage is better than I expected (30-35 mpg). The only annoyance is the low clearance and the light bulbs that constantly burn out, otherwise this is a terrific car!

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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.