Brand New: My CarEdge 100% FREE Car Buying Help

Volvo V60 Loan Calculator

Our Loan Calculator display shows you how your Volvo V60 loan balance compares to the ongoing value of your vehicle. With financing, each monthly payment will reduce the balance of your loan. Unfortunately, during this same period, your vehicle's resale value will decline as well. The purpose of this tool is to show you how you can finance your V60 to ensure that your loan balance declines faster than the value of your vehicle.

With your results below, the goal is to have the shaded area be entirely green. This likely means that the value of your vehicle will always be greater than your loan balance. If you see yellow or red, your loan balance at some point will be at or above the value of your vehicle. You want to avoid this as we describe here. For the best financial outcome, adjust your loan terms, or choose a vehicle that doesn't depreciate as rapidly. We've also created a video that explains these scenarios and demonstrates the loan calculator.

Volvo V60 Loan Calculator

Vehicle Price
$
Trade-In / Down Payment
$
Interest Rate
%
Credit Score
Loan Period
Sales Tax Rate
%
Model Year
Expected Annual Mileage
tip: Update the price if you change the model year.      reset this form
CTA
Evaluate your deal with CarEdge Reports
Unlock data-packed comparisons of car listings against local market benchmarks.
Projected Resale Value
Loan Balance Exceeds Resale Value
Loan Balance Near Resale Value
Loan Balance Below Resale Value

Volvo V60 Projected Resale Value vs Loan Balance

Year Resale Value Loan Balance Difference
0 $66,894 $66,894 $0 (0%)
1 $62,425 $54,750 +$7,675 (12%)
2 $57,576 $42,019 +$15,557 (27%)
3 $54,318 $28,670 +$25,648 (47%)
4 $50,545 $14,673 +$35,872 (71%)
5 $45,608 $0 +$45,608 (100%)

Volvo V60 Monthly Payment

Loan Term 60 Months
APR 4.75%
Paid in Full Mar, 2029
$1,254.72
Total Principal $66,894
Total Interest $8,384
Total Cost of Loan $75,278
$1,254.72
Loan Term 60 Months
APR 4.75%
Paid in Full Mar, 2029
Total Principal $66,894
Total Interest $8,384
Total Cost of Loan $75,278

Volvo V60 Loan Amortization

Month Interest Principal Balance
Apr, 2024 $264.79 $990.00 $65,904.00
May, 2024 $260.87 $994.00 $64,910.00
Jun, 2024 $256.94 $998.00 $63,912.00
Jul, 2024 $252.99 $1,002.00 $62,910.00
Aug, 2024 $249.02 $1,006.00 $61,904.00
Sep, 2024 $245.04 $1,010.00 $60,894.00

This Volvo V60 is expected to lose $21,286 of its resale value during the 60 months of this loan. Check out our Volvo V60 Depreciation Calculator for a detailed analysis of the V60's past and expected future depreciation. This user-friendly tool allows you to interactively see how well the V60 has, and will continue to, hold its value, during your specific ownership period. It will even suggest to you the best V60 model years to buy to get the best value.