New Volvo XC40 T5 Twin Engine Plug-In Hybrid Outshines Rivals With Exceptional Residual Values

•Newly launched XC40 T5 Twin Engine receives market-leading resale values

•Residual value of 58.4% far outstrips nearest competitors

•Benefit-in-kind (BiK) tax rate for business/company car drivers of just 16%

The newly launched Volvo XC40 T5 Twin Engine plug-in hybrid has comprehensively outperformed its nearest rivals in the latest cap hpi residual value ratings. In R-Design specification, it is estimated to be worth an incredible 58.4% of its original new price after three years and 30,000 miles.

The XC40 also retains a higher-than-average residual value when covering 60,000 miles, which is good news for high-mileage drivers. XC40 T5 Twin Engine R-Design models covering 60,000 miles over three years are expected to be worth 49.0% of their original new price. This compares with an equivalent estimated residual value of 41.4% for the BMW 3 Series 330e M Sport saloon and 39.4% for the Mitsubishi Outlander 2.4 PHEV Design.

Matt Galvin, Sales Director, Volvo Car UK, said: 'We are delighted that the plug-in hybrid version of our best-selling model in the UK has been forecast to retain its value so well. The resulting lower monthly leasing costs, combined with the car's tax- and fuel-efficiency, mean the XC40 T5 Twin Engine is a highly affordable and attractive options for private and business drivers alike.'

Displaying cool, clean and contemporary lines, the XC40 blends Scandinavian style with all the desirability and practicality customers seek from a compact SUV, epitomising the qualities that have seen Volvo become the UK's fastest-growing premium car brand. Multiple industry award wins and exceptional public enthusiasm have ensured the XC40 has quickly become the best seller in Volvo's UK range. Generous equipment levels across the board major on seamless on-board connectivity, excellent comfort and cutting-edge safety technology.

The new powertrain is available in higher-specification versions of the XC40: R-Design, R-Design Pro, Inscription and Inscription Pro. On-the-road prices are from £40,905 for the R-Design. Volvo retailers are taking customer orders now, with the first cars scheduled for delivery in February 2020.

The XC40 can be purchased entirely online via Volvo's new, fully end-to-end sales platform, which is designed to make the car-buying experience even more convenient.

For more information about the Volvo XC40 and to use the online vehicle configurator – from which customers can access the online purchase option – please go to https://www.volvocars.com/uk/car-configurator/suv/xc40

Photo credit: Volvo
posted on conceptcarz.com

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