The average cost of owning a Volvo S60 for 5 years is $58,256. This total will vary per vehicle, driver and location. These ownership expenses include:

The interactive chart below illustrates the relative proportion of each of the major costs of ownership. Click on any of the expenses boxes to see more detail.

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Volvo S60 CarEdge Value Rating

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Volvo S60 Depreciation

A Volvo S60 will depreciate in value by $26,857 after 5 years. Depreciation is difficult to avoid, but it can be managed. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future. We use 5 years as an example in our analysis.

When new, a typically-equipped Volvo S60 sells for $50,191 on average. After 5 years of depreciation, the average residual value will be $23,334. This represents the vehicle's retail market price. Trade-in and private sale prices will likely be lower. Use our Volvo S60 Depreciation Calculator to see how model year and mileage will affect your resale value.

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Volvo S60 Insurance

The average annual cost for auto insurance for a Volvo S60 is $2,419, which adds up to $12,095 after 5 years of ownership. These insurance costs are estimates based on national averages for a 40 year old, with full coverage, a good driving record, and good credit. They also assume a single-car policy, and won't reflect any multi-car discounts. See our Volvo S60 Insurance Calculator to view rates by state, for different driver ages, credit ratings and driving history.

Volvo S60 insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure

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Volvo S60 Maintenance

Maintenance and repair costs for a Volvo S60 will amount to $3,105 after 5 years. Expenses include scheduled maintenance, normal wear and tear items and expected repairs. These estimates exclude any free warranty work performed.

The region you live, and the way you care for and drive your vehicle can have a big impact on these costs. So, your results may vary significantly from our estimates. Our Volvo S60 Maintenance Cost Estimator shows how much you are likely to spend, and the probabilities of a major repair over 10 years.

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Volvo S60 Financing Costs

The average cost to finance a new Volvo S60 would be $8,499 after 5 years. This assumes a 72-month loan with an APR of 6.99% and a 20% down payment. Financing costs are a vehicle cost that you can control. Your interest expense can be greatly reduced by changing your loan term, improving your credit score, or increasing your down payment.

Our Volvo S60 Loan Calculator allows you to build a loan that's best suited for you. This handy utility will also help to keep you from becoming upside down, where you end up owing more than the vehicle is worth. You can estimate monthly payments and download the full amortization schedule as well. We've highlighted some typical loan scenarios in the table below. See what a difference a larger down payment will make in lowering your financing costs and your monthly payments.

Volvo S60 Loans

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Volvo S60 Fuel Economy

A Volvo S60 gets an average of 29 MPG, which will cost a total of $7,700 for fuel after 5 years, or about $1,540 annually. These estimates are based on recently collected national average fuel prices, assuming 15,000 miles driven per year - 55% city and 45% highway. These figures also reflect current EPA estimates. Fuel costs will vary based on your driving style, fuel prices in your area, and the engine that will be in your vehicle. We used the Volvo S60 trim levels below for our estimates:

Volvo S60 MPG

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Watch: 5 Things to help you understand Cost of Ownership

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