Volvo C40 Recharge: One-Year-Old Models Going For $35,000 Off

Volvo C40 Recharge: One-Year-Old Models Going For $35,000 Off Want a stylish, sporty, Swedish EV for less money than a new entry-level Ford Escape? Hertz has you covered. The 2023 Volvo C40 Recharge is a sleek electric crossover with commendable performance. It's also not cheap.

The 2023 model started at $56,395 for the Core version and leaped to $61,195 for the Ultimate trim, the only version with adaptive cruise control. Despite the high price, it is closer in length to a Chevrolet Bolt EUV than a Tesla Model Y , and its range is just an okay 226 miles. Brand new, the C40 is easy to ignore, but used ones are seriously decreasing in price.

Today, you can find used ones for as low as $25,000. At that price, it's hard not to consider one. As it offloads its EV rental fleet after last year's pricing disaster , Hertz is selling some relatively low-mileage examples with shockingly low prices to boot.

One example is a 2023 C40 Recharge Ultimate with 36,000 miles. Brand new it cost $62,715, but today it's now listed for just $24,188 . That's a 61.

4% drop in value after a little over a year of driving. A Charlotte-based Hertz car sales center is selling a 24,000-mile example for $26,170 . That's once again the top-level Ultimate trim with all the available options.

Compared to its original $61,195 sticker, its value dropped 52.7%. In other words, you can get a sporty Swedish EV for less money than a new entry-level Ford Escape.

For those who prefer CPOs (keep in mind Volvos have a 4.