- Newest year: 2004
- Gas
- Wagons
- Same as 2003
2004 Volvo V40 MPG & Fuel Cost
1 configuration · 22 MPG combined
15,000 mi/yr · premium gasoline $5.36/gal (U.S. average, Sep 2026)
Cheaper to fuel than 4 of 10 wagon configurations, MY2004. Ranked against all rated configurations, not sales-weighted.
2004 Volvo V40 at a glance
The 2004 Volvo V40 has 1 configuration in the EPA database, rated 22 MPG combined. The most efficient is the V40 1.9L 4-cyl turbo FWD at 22 MPG, which costs about $3,650 a year to fuel at premium gasoline $5.36/gal (U.S. average, Sep 2026). The V40 1.9L 4-cyl turbo FWD costs less to fuel than 4 of 10 wagon configurations rated for MY2004 (class median $3,650 a year).
EPA re-estimated ratings of 1985-2007 vehicles under its 2008 method; these figures are the re-estimated values.
What the 2004 V40 1.9L 4-cyl turbo FWD costs to drive
Per month
$304
$3,650 a year ÷ 12
Per 25 miles
$6.08
Per 100 miles
$24.33
Five years
$18,250
5 × the yearly cost, prices held at today's level
vs the wagon median
Same
Class median $3,650 a year, MY2004
Based on 15,000 miles a year and premium gasoline $5.36/gal (U.S. average, Sep 2026).
2004 Volvo V40 MPG
EPA re-estimated ratings of 1985-2007 vehicles under its 2008 method; these figures are the re-estimated values.
Gas configurations (1)
| Trim | Engine | Drive | City | Hwy | Comb. | $/yr |
|---|---|---|---|---|---|---|
| V40 (Most efficient) | 1.9L 4-cyl turbo | FWD | 19 | 27 | 22 | $3,650 |
1 configuration requires or recommends higher-octane gasoline and is costed at premium gasoline $5.36/gal (U.S. average, Sep 2026).
Fuel cost by state
Yearly cost of the V40 1.9L 4-cyl turbo FWD: $4,350 in California and $3,170 in Texas, a $1,180 difference.
- California $4,350
- Washington $4,100
- New York $3,610
- Florida $3,330
- Texas $3,170
Similar cars
Closest combined MPG among MY2004 wagon models.
Generations
- 2000-2003 (1st gen)
- 2004 (2nd gen)
Frequently asked questions
How does the 2004 Volvo V40 compare with the previous generation?
The previous generation (2000-2003 Volvo V40) is rated 21–23 MPG combined and costs $3,490–$3,830 a year to fuel; the 2004 model is rated 22 MPG and costs $3,650 a year.
What gas mileage does the 2004 Volvo V40 get?
EPA rates the 2004 Volvo V40 at 22 MPG combined across 1 configuration. The most efficient, the V40 1.9L 4-cyl turbo FWD, is rated 22 MPG combined (19 city / 27 highway).
How much does it cost to fuel a 2004 Volvo V40 per year?
Driving 15,000 miles a year at premium gasoline $5.36/gal (U.S. average, Sep 2026), the V40 1.9L 4-cyl turbo FWD costs about $3,650 a year. Across all 1 configuration the cost runs $3,650 a year.
How much does it cost to drive a 2004 Volvo V40 100 miles?
About $24.33 per 100 miles for the V40 1.9L 4-cyl turbo FWD at premium gasoline $5.36/gal (U.S. average, Sep 2026). That is the annual cost over 15,000 miles divided by 150.
Is the 2004 Volvo V40 more efficient in the city or on the highway?
The V40 1.9L 4-cyl turbo FWD is rated 19 city and 27 highway MPG, so it is more efficient on the highway, by 8 MPG.
How does the 2004 Volvo V40 compare with other wagon configurations?
The V40 1.9L 4-cyl turbo FWD costs about $3,650 a year to fuel, the same as the class median of $3,650, and less than 4 of 10 wagon configurations. The comparison covers all 50 rated wagon configurations for MY2004, not weighted by sales.
Is the 2004 Volvo V40 different from the 2003 model?
No. EPA lists the same ratings for 2003 and 2004: 1 configuration rated 22 MPG combined. See the 2003 Volvo V40 for that year.