Volvo V60 Depreciation

A Volvo V60 will depreciate 47% after 5 years and have a 5 year resale value of $30,242.

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 $56,750 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 V60.

Volvo V60 Depreciation Calculator

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Volvo V60 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $11,089 80.46% $45,661 12,000 2022
2 $15,317 73.01% $41,433 24,000 2023
3 $18,869 66.75% $37,881 36,000 2024
4 $22,184 60.91% $34,566 48,000 2025
5 $26,508 53.29% $30,242 60,000 2026
6 $30,270 46.66% $26,480 72,000 2027
7 $33,318 41.29% $23,432 84,000 2028
8 $35,611 37.25% $21,139 96,000 2029
9 $37,830 33.34% $18,920 108,000 2030
10 $39,481 30.43% $17,269 120,000 2031

Volvo V60 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $11,089 80.46% $45,661
2 $15,317 73.01% $41,433
3 $18,869 66.75% $37,881
4 $22,184 60.91% $34,566
5 $26,508 53.29% $30,242
6 $30,270 46.66% $26,480
7 $33,318 41.29% $23,432
8 $35,611 37.25% $21,139
9 $37,830 33.34% $18,920
10 $39,481 30.43% $17,269

Buying a Volvo V60 New vs Used

If you purchase a used Volvo V60 that is 2 years old, then you could save $15,317 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 $11,191. 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 V60 models become available.

Other Volvo V60 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 V60 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: