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The average cost of owning a Volvo XC40 for 5 years is $54,798. This total will vary per vehicle, driver and location. These ownership expenses include:
| Cost | Value | Percent |
|---|---|---|
| $21,984 | 40% | |
| $12,410 | 23% | |
| $8,885 | 16% | |
| $7,518 | 14% | |
| $4,001 | 7% |
This grade is our unbiased, trusted and candid financial assessment of whether the Volvo XC40 is likely to be a good or bad automobile investment. Learn more about our Value Ratings and methodology.
A Volvo XC40 will depreciate in value by $21,984 after 5 years. Depreciation is difficult to avoid, but it can be managed. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future.
When new, a typically-equipped Volvo XC40 sells for $48,158 on average. After 5 years of depreciation, the average residual value will be $26,174. Use our Volvo XC40 Depreciation Calculator to see how model year and mileage affect your resale value.
The average annual cost for auto insurance for a Volvo XC40 is $2,482, which adds up to $12,410after 5 years of ownership. These insurance costs are estimates based on national averages for a 40 year old, with full coverage, a good driving record, and good credit. They also assume a single-car policy, and won't reflect any multi-car discounts. See our Volvo XC40 Insurance Calculator to view rates by state, for different driver ages, credit ratings and driving history.
Volvo XC40insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs.
Maintenance and repair costs for a Volvo XC40 will amount to $4,001 after 5 years. Expenses include scheduled maintenance, normal wear-and-tear items and expected repairs. These estimates exclude any free warranty work performed.
The region you live in, and the way you care for and drive your vehicle can have a big impact on these costs. Our Volvo XC40 Maintenance Cost Estimator shows how much you are likely to spend, and the probabilities of a major repair over 10 years.
The average cost to finance a new Volvo XC40 would be $7,518 after 5 years. This assumes a 72-month loan with an APR of 6.99% and a 20% down payment. Financing costs are a vehicle cost that you can control. Your interest expense can be greatly reduced by changing your loan term, improving your credit score, or increasing your down payment.
Our Volvo XC40 Loan Calculator allows you to build a loan that's best suited for you. This handy utility will also help to keep you from becoming upside down, where you end up owing more than the vehicle is worth. You can estimate monthly payments and download the full amortization schedule as well. We've highlighted some typical loan scenarios in the table below. See what a difference a larger down payment will make in lowering your financing costs and your monthly payments.
A Volvo XC40 will cost a total of $8,885 for fuel after 5 years, or about $1,777 annually. These estimates are based on recently collected national average fuel prices, assuming 15,000 miles driven per year - 55% city and 45% highway. These figures also reflect current EPA estimates. Fuel costs will vary based on your driving style, fuel prices in your area, and the engine that will be in your vehicle.
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Our 5-year total covers depreciation, insurance, maintenance, financing, and fuel. Figures assume a 40-year-old driver, good credit, 72-month loan at 6.99% APR, 20% down, and 15,000 miles/year.
We aggregate and analyze millions of automotive data points from a variety of the industry's leading data providers. The insights and information on this page represent the overall averages of the combined costs of vehicle ownership. This information should be used as a general guide, as your individual results may vary significantly from that which is shown. Our mission is to provide car buyers with the resources they need to make informed purchase decisions. To learn more, see our FAQs.
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