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2023 Volvo XC40 Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

2023 Volvo XC40 Invoice Price Guide - Holdback - Dealer Cost - MSRP
Price terms Used in this Guide:
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost

Volvo XC40 Pricing for the Momentum, R-Design, Inscription and Recharge Trims

2023 XC40 - Trim: B4 Core - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$36,350
Invoice Price
$34,169
Destination Fee
$1,095
Holdback
$364
Dealer Cost
$34,901
Find the Best Price
2023 XC40 - Trim: B5 Core - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$38,350
Invoice Price
$36,049
Destination Fee
$1,095
Holdback
$384
Dealer Cost
$36,761
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2023 XC40 - Trim: B4 Plus Bright Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$40,750
Invoice Price
$38,305
Destination Fee
$1,095
Holdback
$408
Dealer Cost
$38,993
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2023 XC40 - Trim: B4 Plus Dark Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$40,750
Invoice Price
$38,305
Destination Fee
$1,095
Holdback
$408
Dealer Cost
$38,993
Find the Best Price
2023 XC40 - Trim: B5 Plus Bright Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$42,750
Invoice Price
$40,185
Destination Fee
$1,095
Holdback
$428
Dealer Cost
$40,853
Find the Best Price
2023 XC40 - Trim: B5 Plus Dark Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$42,750
Invoice Price
$40,185
Destination Fee
$1,095
Holdback
$428
Dealer Cost
$40,853
Find the Best Price
2023 XC40 - Trim: B4 Ultimate Bright Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$44,500
Invoice Price
$41,830
Destination Fee
$1,095
Holdback
$445
Dealer Cost
$42,480
Find the Best Price
2023 XC40 - Trim: B4 Ultimate Dark Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$44,500
Invoice Price
$41,830
Destination Fee
$1,095
Holdback
$445
Dealer Cost
$42,480
Find the Best Price
2023 XC40 - Trim: B5 Ultimate Bright Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$46,500
Invoice Price
$43,710
Destination Fee
$1,095
Holdback
$465
Dealer Cost
$44,340
Find the Best Price
2023 XC40 - Trim: B5 Ultimate Dark Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$46,500
Invoice Price
$43,710
Destination Fee
$1,095
Holdback
$465
Dealer Cost
$44,340
Find the Best Price

Recharge Pricing

2023 XC40 Recharge - Trim: Pure Electric Core - 4-Door SUV with AWD. Powered by an Electric Engine w/ Automatic Transmission.
MSRP
$53,550
Invoice Price
$53,550
Destination Fee
$1,095
Holdback
$536
Dealer Cost
$54,110
Find the Best Price
2023 XC40 Recharge - Trim: Pure Electric Plus - 4-Door SUV with AWD. Powered by an Electric Engine w/ Automatic Transmission.
MSRP
$56,250
Invoice Price
$56,250
Destination Fee
$1,095
Holdback
$563
Dealer Cost
$56,783
Find the Best Price
2023 XC40 Recharge - Trim: Pure Electric Ultimate - 4-Door SUV with AWD. Powered by an Electric Engine w/ Automatic Transmission.
MSRP
$59,500
Invoice Price
$59,500
Destination Fee
$1,095
Holdback
$595
Dealer Cost
$60,000
Find the Best Price
Price Tip:
To find the best possible price on a new Volvo XC40, shop prices online first. Get up front pricing before you walk into a dealership. We recommend the following free services; Edmunds,   Rydeshopper,   CarsDirect,   Motortrend  &   J.D Power
These services will offer you the lowest prices and supply you with multiple competing price quotes. You will know the best price before you visit the dealer.
How to Calculate The Dealer Cost of a Volvo XC40:

Formula for Calculating Dealer Cost:

  • Example: Base Volvo XC40 invoice price + the dealer Invoice price of options + destination - Holdback = Total Dealer Cost.
  • What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here.)

2019 Volvo XC40 Overview:

The 2022 Volvo XC40 is one of the top luxury compact SUVs on the market. Despite being a small model, it manages to offer a pleasing amount of interior space. Excellent impact protection and smart safety tech make the new XC40 more appealing. Furthermore, both of its available powertrains are great for daily driving. In contrast to many of its competitors, the XC40 has a rather stout towing capacity of 3,500 pounds.

What’s New for 2022?

A few features no longer come standard, including fog lamps and a power liftgate. However, higher trim levels receive a wireless phone charger.

What Styles Does It Come In?

The compact XC40 is the smallest SUV in Volvo’s lineup. Nevertheless, it still manages to comfortably seat up to five people. While the XC40’s base powertrain is linked to a front-wheel-drive system, Volvo pairs the optional powertrain with an AWD system.

What Are the Available Trims?

The 2022 Volvo XC40 is offered in three grades. Drivers looking to save money will like the value-oriented Momentum trim. Even it features a leather-appointed interior. Comforting amenities, such as heated front seats and automatic climate control, are also found on the XC40 Momentum. Standard tech includes a 9.0-inch vertical touchscreen, a fully digital gauge cluster, and an eight-speaker stereo.

Folks who live in cold-weather states may be interested in the optional Climate package, which brings heated rear seats and a heated steering wheel. A Premium package is also available for the Momentum trim. It adds a Google-based navigation system, dual-zone automatic climate control, and a few more niceties. For music fans who desire enhanced sound quality, Volvo offers a 13-speaker Harman Kardon audio system. Other standalone options include a panoramic sunroof and a power liftgate.

Not only does the R-Design trim have a sportier-looking exterior, but it also adds a sport-tuned suspension for more engaging handling. Upgraded upholstery and track-inspired pedals are found on the inside. The XC40 R-Design also comes standard with the previously mentioned Premium package.

The range-topping XC40 Inscription is only a tad more expensive. Although this trim isn’t as sporty as the R-Design trim, it does add real-wood interior accents and a crystal gear-shift knob. A panoramic sunroof also comes standard.

The XC40’s Exterior Styling

The XC40 features many of the same design cues found on Volvo’s other SUVs. It features similar “Thor’s Hammer” LED headlamps and Volvo’s trademark grille. However, a compact body makes it look even more athletic. There are a total of eight paint colors available, including favorites such as Onyx Black and Crystal White.

Even the entry-level XC40 Momentum has a handsome appearance. Drivers who want the most flair should choose the R-Design trim, which flaunts bigger 19-inch wheels and blacked-out exterior elements.

Driving Experience

Providing the XC40’s muscle is a 2.0-liter, turbo four-cylinder engine. Its 187-horsepower output is perfectly sufficient for most drivers. However, a stronger version of this engine is optional. Volvo tunes it to press out a more stimulating 248 horsepower, which results in noticeably swifter acceleration. According to test drivers, this SUV’s eight-speed automatic transmission is smooth as butter.

Volvo did a good job of tuning the XC40’s standard suspension system. It effectively absorbs rough pavement while still managing to keep the SUV stable. Drivers who desire a greater sense of control should pick the sportier R-Design trim. When equipped with all-wheel drive, the XC40 becomes a better winter vehicle. Hill descent control and an off-road driving mode also help the XC40 to venture off the grid.

Fuel Economy

With its standard powertrain, the new XC40 has an estimated fuel economy rating of 23 mpg town/32 mpg freeway on regular gasoline. Opting for the more powerful engine results in a rating of 22 mg town/30 mpg freeway. Volvo also designed the stronger engine to use premium gasoline.

Quality and Comfort

The 2022 Volvo XC40 provides enough head- and legroom to satisfy the average family. Wide-opening doors make it easy for passengers to get in and out of the cabin. While reviewers applaud the XC40 for its cozy front seats, some people have complained that the backseat sits too vertically.

Overall interior quality is a definite strong point for the new XC40. However, its Sensus infotainment system’s touchscreen is not always quick to respond. Automotive journalists were also not impressed with the sound quality of the standard stereo system.

Safety

The NHTSA and the IIHS give the XC40 top marks in crash protection. This vehicle also has an excellent roster of standard safety technologies. Just a few of the highlights include active lane keeping, blind-spot warning with steering assistance, and automatic emergency braking. ProPilot Assist, which is a semi-autonomous driving system, is on the list of options.

Everyone in the market for a compact luxury SUV should test drive the new 2022 Volvo XC40. It’s comfortable, peppy, and rugged enough to take you on a camping adventure.

Note: All Volvo XC40 MSRP, invoice and dealer cost dollar figures above are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.