Volvo S60 Depreciation

A Volvo S60 will depreciate 62% after 5 years and have a 5 year resale value of $17,218.

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, 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 $8,161 82.06% $37,330 13,500 2021
2 $16,263 64.25% $29,228 27,000 2022
3 $20,280 55.42% $25,211 40,500 2023
4 $23,009 49.42% $22,482 54,000 2024
5 $28,273 37.85% $17,218 67,500 2025
6 $31,862 29.96% $13,629 81,000 2026
7 $33,804 25.69% $11,687 94,500 2027
8 $35,178 22.67% $10,313 108,000 2028
9 $35,952 20.97% $9,539 121,500 2029
10 $40,041 11.98% $5,450 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $8,161 82.06% $37,330
2 $16,263 64.25% $29,228
3 $20,280 55.42% $25,211
4 $23,009 49.42% $22,482
5 $28,273 37.85% $17,218
6 $31,862 29.96% $13,629
7 $33,804 25.69% $11,687
8 $35,178 22.67% $10,313
9 $35,952 20.97% $9,539
10 $40,041 11.98% $5,450

Volvo S60 Depreciation Calculator

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If you purchase a used Volvo S60 that is 2 years old, then you could save $16,263 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 $12,010. 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 2015 Volvo S60 is our top pick for the best model year value for the S60. 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 2014 and 2017 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 $33,813 $289 $11,678 25.67% 82.06%
2018 $36,639 $23,918 $379 $9,895 29.26% 64.25% Good
2017 $36,566 $20,782 $517 $3,136 13.11% 55.42% Better
2016 $36,324 $18,558 $608 $2,224 10.7% 49.42% Good
2015 $35,243 $14,130 $791 $4,428 23.86% 37.85% Best
2014 $35,879 $11,874 $1,126 $2,256 15.97% 29.96% Better
2013 $34,170 $10,063 $1,285 $1,811 15.25% 25.69%
2012 $32,012 $8,648 $1,390 $1,415 14.06% 22.67%
2011 $32,569 $9,092 $1,600 +$444 -5.13% 23%
2009 $30,665 $5,570 $1,897 $3,522 38.74% 11.98%
2008 $26,506 $4,894 $2,254 $676 12.14% 9.96%
Year Price % Paid Value Rank
2020 $45,491 100%
2019 $33,813 82.06%
2018 $23,918 64.25% Good
2017 $20,782 55.42% Better
2016 $18,558 49.42% Good
2015 $14,130 37.85% Best
2014 $11,874 29.96% Better
2013 $10,063 25.69%
2012 $8,648 22.67%
2011 $9,092 23%
2009 $5,570 11.98%
2008 $4,894 9.96%
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 April 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.