One buys a new Volvo for it safety and sureness on the road; you don't buy a new one because you feel it will be the best deal. Volvo has taken (finally) leaps in styling over the past 5 to 7 years and even more so in tech, but they still have a spotty record for holding their value, and reselling one can be an unpleasant experience-that's why so many families pass them onto their college-aged kids after graduation. If you come across a good one, once it has already significantly depreciated, well, that may be a find.
The 2015 is our top pick for the best model year value for the Volvo vehicles. With the 2015, you would only pay, on average, 38% of the price as new, with 58% of the vehicle's useful life remaining. The 2016 and 2017 model years are also attractive years for the Volvo models, and provide a relatively good value. Our rankings consider multiple factors, including original new prices, current prices, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money with a Volvo model.
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We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.
While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.
If you would like to know more about our data and process, check out our FAQ here.