Volvo S60 Depreciation

A Volvo S60 will depreciate 40% after 5 years and have a 5 year resale value of $28,058.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $46,561 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Volvo S60.

Volvo S60 Depreciation Calculator

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Volvo S60 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $7,836 83.17% $38,725 12,000 2022
2 $9,685 79.20% $36,876 24,000 2023
3 $10,709 77.00% $35,852 36,000 2024
4 $12,450 73.26% $34,111 48,000 2025
5 $18,503 60.26% $28,058 60,000 2026
6 $22,601 51.46% $23,960 72,000 2027
7 $25,259 45.75% $21,302 84,000 2028
8 $28,854 38.03% $17,707 96,000 2029
9 $31,014 33.39% $15,547 108,000 2030
10 $32,406 30.40% $14,155 120,000 2031

Volvo S60 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,836 83.17% $38,725
2 $9,685 79.20% $36,876
3 $10,709 77.00% $35,852
4 $12,450 73.26% $34,111
5 $18,503 60.26% $28,058
6 $22,601 51.46% $23,960
7 $25,259 45.75% $21,302
8 $28,854 38.03% $17,707
9 $31,014 33.39% $15,547
10 $32,406 30.40% $14,155

Buying a Volvo S60 New vs Used

If you purchase a used Volvo S60 that is 2 years old, then you could save $9,685 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $8,818. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used S60 models become available.

What About Volvo S60 Insurance Costs?

The average cost to insure a Volvo S60 is about $1,789 per year. This adds up to around $8,945 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Volvo S60. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Volvo S60

The 2021 Volvo S60 is our top pick for the best model year value for the S60. With the 2021, you would only pay, on average, 83% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2016 model years are also attractive years for the S60, and provide a relatively good value. Our rankings consider multiple factors, including the S60's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Volvo S60 models.

Volvo S60 Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $46,561 $46,561 $326 $0 0% 100%
2021 $46,505 $39,055 $378 $7,506 16.12% 83.17% Best
2020 $45,491 $36,492 $461 $2,563 6.56% 79.2% Better
2019 $40,854 $31,458 $594 $5,034 13.79% 77%
2018 $36,639 $27,544 $704 $3,914 12.44% 73.26%
2017 $36,566 $22,912 $878 $4,632 16.82% 60.26% Good
2016 $36,324 $19,922 $1,230 $2,990 13.05% 51.46% Better
2015 $35,243 $17,492 $1,370 $2,430 12.2% 45.75% Good
2014 $35,879 $15,146 $1,501 $2,346 13.41% 38.03%
2013 $34,170 $13,103 $1,694 $2,043 13.49% 33.39%
2012 $32,012 $11,450 $1,719 $1,653 12.62% 30.4%
2011 $32,569 $9,445 $1,926 $2,005 17.51% 29%
Year Price % Paid Value Rank
2022 $46,561 100%
2021 $39,055 83.17% Best
2020 $36,492 79.2% Better
2019 $31,458 77%
2018 $27,544 73.26%
2017 $22,912 60.26% Good
2016 $19,922 51.46% Better
2015 $17,492 45.75% Good
2014 $15,146 38.03%
2013 $13,103 33.39%
2012 $11,450 30.4%
2011 $9,445 29%

Volvo S60 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Volvo S60 ranks for Depreciation compared to other vehicles. Also check out how the S60 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Volvo S60 Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Volvo S60 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: