Volvo V60 Depreciation

A Volvo V60 will depreciate 48% after 5 years and have a 5 year resale value of $29,391.

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 $12,281 78.36% $44,469 12,000 2022
2 $16,367 71.16% $40,383 24,000 2023
3 $19,834 65.05% $36,916 36,000 2024
4 $23,052 59.38% $33,698 48,000 2025
5 $27,359 51.79% $29,391 60,000 2026
6 $31,099 45.20% $25,651 72,000 2027
7 $34,192 39.75% $22,558 84,000 2028
8 $36,598 35.51% $20,152 96,000 2029
9 $38,772 31.68% $17,978 108,000 2030
10 $40,327 28.94% $16,423 120,000 2031

Volvo V60 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $12,281 78.36% $44,469
2 $16,367 71.16% $40,383
3 $19,834 65.05% $36,916
4 $23,052 59.38% $33,698
5 $27,359 51.79% $29,391
6 $31,099 45.20% $25,651
7 $34,192 39.75% $22,558
8 $36,598 35.51% $20,152
9 $38,772 31.68% $17,978
10 $40,327 28.94% $16,423

Buying a Volvo V60 New vs Used

If you purchase a used Volvo V60 that is 2 years old, then you could save $16,367 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 $10,992. 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.

What About Volvo V60 Insurance Costs?

The average cost to insure a Volvo V60 is about $1,737 per year. This adds up to around $8,685 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 V60. 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

Volvo V60 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Volvo V60 ranks for Depreciation compared to other vehicles. Also check out how the V60 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

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: