Vivek - 40k is still expensive. I bought mine (silver mondeo GHIA) 2008 MK4 for 45k at al futtaim automall. It's worth checking there from time to time. It has 30,000km, it has leather seats, automatic a/c, 6cd changer sony sound system, automatic wiper/lights, alloy rims and other stuff which I don't know about
Anyways - mondeo is a great car and reasonably priced (and it's being made in Europe!).
Regards
spaceman