Fleet News

All-round acclaim for new S40

FOUR major leasing companies have given the new Volvo S40 a ringing endorsement with strong residual value predictions.

Lex Vehicle Leasing, Inchcape Fleet Solutions, LeasePlan and Business Partner, as well as industry analysts EuroTax-Glass's and KeeResources, predict healthy residual values for the car.

Taking a composite used value for a 1.8 S petrol and 2.0D S diesel, leasing companies predict a residual value of 42% on a typical three-year contract.

For a composite monthly rental on a three-year contract, they suggested figures of about £357 for the 1.8 S and £365 for the 2.0D S.

John Wallace, leasing and rental manager at Volvo, said: 'The new S40 is an ideal fleet car choice. It offers high specification levels, a unique modern style and a combination of comfort and driving performance. It is also extremely competitively priced.

'We are pleased the leasing companies have recognised this when calculating residual values and monthly rentals.'

LeasePlan's residual value forecast manager, Steve Crawshaw, said: 'The new Volvo S40 is sporty and stylish and has lots of user chooser appeal, as well as adding new zest to the Volvo brand.'

Andy Brown, operations director of Inchcape Fleet Solutions, said: 'We think the S40 will make a real impact in the fleet market this year.'

  • Subscribe to Fleet News.
  • Get the news delivered to your desktop
  • Leave a comment for your chance to win £20 of John Lewis vouchers.

    Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

    Login to comment

    Comments

    No comments have been made yet.

    Compare costs of your company cars

    Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

    What is your BIK car tax liability?

    The Fleet News car tax calculator lets you work out tax costs for both employer and employee