what it costs new, what it’s worth used, and who has one near you.
The 2007 Volvo S40 is a vehicle we track across the used market in Canada. A 8-year-old one keeps roughly 16% of a current model's market price — what actually matters over five years of ownership.
Median market price by vehicle age
Fuel economy & range: Natural Resources Canada (Open Government Licence — Canada). Safety recalls & owner-reported complaints: US National Highway Traffic Safety Administration (public domain); complaint shares are a relative signal, not a failure rate. Prices, payments, depreciation, listing counts and dealer inventory: Conquest market data; payment estimates use market-average terms and are not an offer of credit. Independent service — not affiliated with or endorsed by Volvo.
Owner-reported problems and open safety recalls
Most-reported problems
Across 25 owner complaints filed on the 2007 Volvo S40
Share of complaints naming each system — a signal of what owners report most on this model, not a failure rate. The denominator is people who filed a complaint, not every owner. Complaints are filed with the US regulator; the same models are sold in Canada.
Safety recalls
2 campaigns issued by the manufacturer
Service Brakes, Hydraulic · Foundation Components · Master Cylinder
VOLVO IS RECALLING 1,114 MY 2007 C30, C70, S40, AND V50 PASSENGER VEHICLES. A SOFT ANODIZED LAYER IN THE MASTER CYLINDER MAY TRIGGER EARLY WEAR ON A RUBBER SEAL THAT CAN RESULT IN INTERNAL LEAKAGE OF BRAKE FLUID. IF AFFECTED, THE DRIVER MAY EXPERIENCE REDUCED BRAKE PERFORMANCE WHEN APPLYING AND MAINTAINING FORCE OF THE BRAKE PEDAL.
Campaign 08V101000
Equipment · Electrical · Navigational System(global Positioning System)
VOLVO IS RECALLING CERTAIN VEHICLES EQUIPPED WITH GARMIN 760 PORTABLE GLOBAL POSITIONING SYSTEM (GPS) UNITS BECAUSE THE BATTERIES ON THOSE UNITS MAY OVERHEAT.
Campaign 10V566000
Recall campaigns are manufacturer-issued and fixed free of charge. This is the US campaign set matched by year, make and model — it is not a check against a specific VIN, and Canadian campaigns may differ.