Latest Industry News
November 22, 2022
Posted by Chloe Taylor

A Closer Look At The Mildly-Refreshed 2023 Volvo XC40

The XC40 is one of Volvo’s youngest nameplates, and we are yet to decipher the secret codes behind its ever-youthful looks.

Despite being Volvo’s smallest gas-powered crossover, the XC40 is not without the luxurious appointments, unique styling, and cutting-edge driver assistance technologies found in larger Volvos.

For 2023, Volvo XC40 lease deals now feature updated powertrains, renamed trim levels, a refreshed exterior with new wheel designs, and restyled headlights, front bumper, and grille.

Engine And Performance

The 2023 XC40 comes with a 2.0-liter turbocharged four-cylinder that can be had in a B4 or B5 variant. On the B4, the engine puts out 194 horsepower & 221 lb-ft of torque and pairs exclusively with front-wheel drive. Switching to the B5, the engine is tuned to crank out 247 horses and 258 lb-ft of twists and turns. Both engines’ pair with an eight-speed automatic transmission and a 48-volt mild hybrid assist, but the B5 only comes with all-wheel drive. To add icing on the cake, the XC40 gets a max towing capacity of 3500 pounds which is hard to find in a luxury subcompact crossover.

Fuel Economy

EPA has given the new XC40 a fuel-economy rating of 24 mpg city and 32 mpg highway for the B4 model. The B5 version follows closely with its 23-mpg city and 30 mpg highway rating.


Volvo has always been one step ahead of other luxury car manufacturers regarding interior quality and design. And just as we expected, the XC40’s interior is a complete work of art.

The XC40 boasts a jacked-up driving position to give you a nice view of the road ahead. Both front and rear seats are spacious, and the crossover’s luxury ambiance means unrivaled comfort during long road trips. The XC40’s build quality is not on the same level as the marque’s larger offerings, but it’s enough to keep the small crossover ahead of its peers. Standard features include a driver’s seat memory setting, an eight-speaker audio system, a 12.0-inch instrument panel, a 9.0-inch infotainment display, etc.

Safety And Driver Assistance

Volvo’s lineup delivers some of the safest and most generously-equipped cars of all time. The XC40 maintains the Swedish automaker’s reputation with its five-star safety rating and a slew of cutting-edge driver assistance technology, including;

  • Front, rear and side parking assist
  • 360-degree camera
  • Advanced lane-keeping assist with lane departure warning
  • Adaptive cruise control with a semi-autonomous driving mode
  • Automated emergency braking with pedestrian detection
  • Traffic sign recognition
  • Side impact protection
  • Rear cross alert
  • Oncoming lane mitigation, etc.

If you are considering leasing a 2023 Volvo XC40, VIP Auto Lease has all you need. We offer all models of the latest XC40 at mouthwatering lease prices and stellar auto financing connections to help you buy out your lease if you wish.

Contact us now at VIP Auto Lease, 1204 Hylan Blvd, Staten Island, NY 10305. 718-477-7888

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