Volvo S60 Depreciation

A Volvo S60 will depreciate 63% after 5 years and have a 5 year resale value of $17,000.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $45,491 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Volvo S60 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $9,794 78.47% $35,697 13,500 2021
2 $18,128 60.15% $27,363 27,000 2022
3 $21,713 52.27% $23,778 40,500 2023
4 $24,310 46.56% $21,181 54,000 2024
5 $28,491 37.37% $17,000 67,500 2025
6 $31,653 30.42% $13,838 81,000 2026
7 $33,167 27.09% $12,324 94,500 2027
8 $34,555 24.04% $10,936 108,000 2028
9 $35,251 22.51% $10,240 121,500 2029
10 $39,172 13.89% $6,319 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $9,794 78.47% $35,697
2 $18,128 60.15% $27,363
3 $21,713 52.27% $23,778
4 $24,310 46.56% $21,181
5 $28,491 37.37% $17,000
6 $31,653 30.42% $13,838
7 $33,167 27.09% $12,324
8 $34,555 24.04% $10,936
9 $35,251 22.51% $10,240
10 $39,172 13.89% $6,319

Volvo S60 Depreciation Calculator

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If you purchase a used Volvo S60 that is 2 years old, then you could save $18,128 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 $10,363. 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.

The Best Model Years to Buy a Volvo S60

The 2018 Volvo S60 is our top pick for the best model year value for the S60. With the 2018, you would only pay, on average, 60% of the price as new, with 83% of the vehicle's useful life remaining. The 2017 and 2015 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
2020 $45,491 $45,491 $241 $0 0% 100%
2019 $40,854 $32,349 $289 $13,142 28.89% 78.47%
2018 $36,639 $22,418 $379 $9,931 30.7% 60.15% Best
2017 $36,566 $19,630 $517 $2,788 12.44% 52.27% Better
2016 $36,324 $17,522 $608 $2,108 10.74% 46.56% Good
2015 $35,243 $13,960 $791 $3,562 20.33% 37.37% Better
2014 $35,879 $12,042 $1,126 $1,918 13.74% 30.42% Good
2013 $34,170 $10,543 $1,285 $1,499 12.45% 27.09%
2012 $32,012 $9,085 $1,390 $1,458 13.83% 24.04%
2011 $32,569 $8,932 $1,600 $153 1.68% 22.51%
2009 $30,665 $6,156 $1,897 $2,776 31.08% 13.89%
2008 $26,506 $5,298 $2,254 $858 13.94% 11.48%
Year Price % Paid Value Rank
2020 $45,491 100%
2019 $32,349 78.47%
2018 $22,418 60.15% Best
2017 $19,630 52.27% Better
2016 $17,522 46.56% Good
2015 $13,960 37.37% Better
2014 $12,042 30.42% Good
2013 $10,543 27.09%
2012 $9,085 24.04%
2011 $8,932 22.51%
2009 $6,156 13.89%
2008 $5,298 11.48%
Our Favorite Volvo S60 Photo

About Our Data and "Useful Lifespan"

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.