The entry-level Volvo XC40 usually doesn't see big discounts, but a recent dealer bulletin shows improved leasing deals as the 2024 model year ends. Here's what you need to know about the latest Volvo XC40 lease offers.
Gas-powered Volvo models typically aren't great for leasing, but the bulletin revealed a significant reduction in the XC40's payment. Until the end of the month, you can lease a 2024 XC40 B5 AWD Core Bright for $419 per month over 36 months with $4,029 due at signing.
The effective monthly cost is $531, which, though not extraordinary, is $108 less per month than earlier in the year. Volvo achieved this by adding an extra $1,500 to the lease allowance, making the total rebate $3,500. This move appears to be aimed at clearing 2024 inventory before promoting the 2025 models.
For those interested in electric vehicles, the XC40 Recharge EV didn't get the same lease enhancements but remains attractive due to a $7,500 EV lease bonus. You can lease a 2024 XC40 Recharge Core for $559 per month over 36 months with $4,009 due at signing.
The effective monthly cost is $670, higher than the gas model, but better value given the Recharge's $53,745 MSRP. While it didn't see a dramatic price cut, it's still a good time to lease a 2024 XC40 Recharge, especially with the 2025 model transitioning to the EX40 marque.
Source: Volvo via Carsdirect