2001 S40 - value is high?

Question

So...I don't see too many S40's on the road here (Portland, Oregon) but there tend to be a few at the dealers. Pretty much set on purchasing one but dealers seem to be way overpriced. Majority of the ones I have seen range 15ish to as high at 17 with 50,000 miles on them - some have as few as

30,000 miles. Blue Book private is around 12 - which is what I would like to spend. I wish there were more private sellers out there wanting to sell.

Are they this way in other places or do I have to pay a "premium" for Volvo? Other cars don't seem to have as big a markup.

Another question - might get a biased answer in this group but do you feel spending $15,000 on an 01 S40 with a few options worth the value?

Thanks for you help in advance.

Diggler

Marvin Margoshes · Accepted Answer

I got my 2000 S40 with the winter package for $25K in NY. So $15Kfor what you describe seems high. If the dealer is offering somehting that you won;t get buying from an individual, it may be worth paying a little more. Have oyu tried negotiating? Have you looked at online sites that do the buying for you? My price for the 2000 S40 was via an online buying site.

Bob Noble · Answer

Doubtless in anticipation of the arrival of the "new" S40, Volvo sold quite a few of the older model to auto rental companies. When these hit the used market (it never takes long), prices are likely to take a dive. If you can wait . . .

bob noble Reno, NV, USA

Spanky · Answer

Not worth it. You can get a nice S80 T-6 for that price.

2001 S40 - value is high?

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