Cost
The destination charge is a standard charge for transporting the vehicle from its point of origin to the dealer. It costs about the same to get the Volvo S40 to the dealership as the Lexus.
Regarding fuel economy, the Volvo S40 is slightly better than the Lexus ES 350, but not by much.
There really isn't much of a difference in gas mileage here, but if you must know, the S40 is a tad more economical than the Lexus.
With respect to MSRP, the Lexus ES 350 costs significantly more than the Volvo S40.
Utility
Neither the Volvo nor the Lexus has a marked advantage in terms of seating capacity.
Convenience
You likely won't have to visit your friendly gas station more often with the Volvo S40 than with the Lexus, as both offer similar ranges.
Comfort
Taller drivers will significantly enjoy the extra head room in the S40's front cabin compared to the Lexus ES 350.
The ES 350 is not particularly more spacious for your passengers than the Volvo S40.
Dimensions
Your wallet will hurt more every time you fill up the Lexus ES 350 than the Volvo S40 because of its bigger tank.
The Volvo and the Lexus compete for the same parking spaces.
Handling
With their similar turning circles, the Volvo S40 and the Lexus ES 350 most definitely handle approximately the same into and out of tight spots.
Drivetrain
The Lexus ES 350's engine is significantly more sizeable than the Volvo S40's. Note that larger engines may use more gasoline than smaller ones.
The ES 350 packs quite a punch compared to the S40 in terms of torque, which is the force that lets you accelerate quickly.
The Volvo S40 could learn a lesson or two from the Lexus ES 350 when it comes to pickup.
Warranty
The Lexus ES 350 and the Volvo S40 have the same basic warranty.