Four of the largest leasing companies who run more than 250,000 vehicles between them have driven Volvo’s new S40 and believe it will be a big hit in the fleet market, particularly with user choosers.
Lex Vehicle Leasing, Inchcape Fleet Solutions, Leaseplan and Business Partner, as well as leading industry forecasters EuroTaxGlass’s and KeeResources predict healthy residuals for the car. Taking a composite used value for the 1.8 S petrol and 2.0D S diesel Volvo S40 models, leasing companies predict a residual of 42% on a typical three-year contract. This strong percentage takes the all-new Volvo S40 firmly into the premium segment.
This indicates that the 1.8 S and 2.0D S models will be worth £6,4801 and £7,0251 respectively. In terms of a composite monthly rental on a three-year contract, leasing companies have suggested figures of around £357 for the 1.8 S and around £365 for the 2.0D S.
John Wallace, Leasing and Rental Manager at Volvo Car UK comments: "The new S40 is an ideal fleet car choice. It offers high specification levels, a unique modern style, a combination of comfort and driving performance and is extremely competitively priced - appealing features for both the new and used car buyer. We’re pleased the leasing companies have recognised this when calculating residual values and monthly rentals."
Steve Crawshaw, Leaseplan’s Residual Value Forecast Manager explains, "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. With everybody downsizing these days, the car should still provide enough practical space for a company motorist, even those with a family."
Andy Brown, Operations Director of Inchcape Fleet Solutions says: "The new S40 has strong design cues both inside and outside and it drives very well. The residual value we have predicted is very positive because we think the S40 will make a real impact in the fleet market this year. Its shape and size lends it to most things that company motorists want from their car."Published 7 February 2004