August 2, 2023 Update: The $5,000 lease bonus cash ended. However, Volvo has reduced the money factor and increased the residual value on C40 leases by a significant amount, allowing for lease deals similar to prior months. Use Rate Findr to find current lease residual values, rates, and incentives specific to your region.

Launched in the U.S. last year, Volvo’s C40 Recharge—an all-electric, all-wheel drive SUV coupe—hasn’t exactly set sales records.

While cleverly designed with thoughtful aesthetic touches throughout, the C40 Recharge’s more, shall we say, qualitative attributes get lost in the numbers game against industry leader Tesla, which offers more space and more range for less money.

To boost sales, Volvo is offering a mid-month lease incentive enhancement on C40 Recharge through May 1, 2023. On top of the $7,500 Lease Bonus Cash commonly offered for EV leases, Volvo is providing an additional $5,000 in lease cash specifically for C40 Recharge inventory.

When combined with a dealer discount and conditional incentives that you may qualify for, Volvo C40 Recharge can be a compelling, left-field option for less dough than what Tesla charges to lease a Model 3 or Model Y.

Volvo C40 Recharge - Sample Lease ($451/Month, $0 Down)

Every deal will be different based on the MSRP of the vehicle, the discount you are able to negotiate, the incentives you qualify for, the sales tax rate of your locality, and the desired annual mileage.

Below is a sample 36-month, 10,000 mile per year lease deal for a 2023 Volvo C40 Recharge Twin eAWD Plus assuming Southern California taxes and registration, with a selling price of 7% off MSRP.

Included in this example is the $500 A-Plan by Volvo corporate fleet incentive, along with use of the Multiple Security Deposit program to lower the money factor (i.e., the interest rate on a lease). It translates to a $451 per month lease with $0 down payment, plus taxes and fees:

Sample Volvo C40 Deal on Leasehackr Calculator

For rates and incentives tailored to your location (they do vary by region for C40 Recharge), check out Rate Findr — the only place where consumers can look up both lease and finance programs on demand.

Find Volvo C40 deals and tips being discussed on Leasehackr Forum, including the Marketplace section where we’ve seen strong C40 Recharge lease deals posted by sellers.