2001 S40 - value is high?

[Mike Diggler]

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]

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

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]

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]

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?

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