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Depreciation
A Volvo XC40 will depreciate 46% after 5 years and have a 5 year resale value of $26,174.
The chart below shows the expected depreciation for the next 12 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $48,158 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 XC40.
Value after 3 years
$26,174
Starting value
$30,672
Lost to depreciation
$4,498 (15%)
Cost per year
$1,499 /yr
Assumes average condition · 13,500 mi/yr · estimates based on CarEdge historical data
This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. You may wish to consult your own adviser regarding your particular circumstances.
Age of vehicle (years)
| Years Old | Depreciation | Residual Value | Resale Value | Est. Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $17,188 | 64.3% | $30,970 | 13,500 | 2026 |
| 2 | $17,486 | 63.7% | $30,672 | 27,000 | 2027 |
| 3 | $20,539 | 57.4% | $27,619 | 40,500 | 2028 |
| 4 | $21,262 | 55.8% | $26,896 | 54,000 | 2029 |
| 5 | $21,984 | 54.4% | $26,174 | 67,500 | 2030 |
| 6 | $22,519 | 53.2% | $25,639 | 81,000 | 2031 |
| 7 | $32,690 | 32.1% | $15,468 | 94,500 | 2032 |
| 8 | $34,683 | 28.0% | $13,475 | 108,000 | 2033 |
| 9 | $36,152 | 24.9% | $12,006 | 121,500 | 2034 |
| 10 | $37,053 | 23.1% | $11,105 | 135,000 | 2035 |
| 11 | $37,886 | 21.3% | $10,272 | 148,500 | 2036 |
| 12 | $38,656 | 19.7% | $9,502 | 162,000 | 2037 |
If you purchase a used Volvo XC40 that is 2 years old, then you could save $17,486 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 $4,498. 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 XC40 models become available.
The average cost to insure a Volvo XC40 is about $2,482 per year. This adds up to around $12,410 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 XC40. Or, if you are just researching, then it would be money-wise to before buying. Try our or the form below to get free quotes.
The 2024 Volvo XC40 is our top pick for the best model year value for the XC40. With the 2024, you would only pay, on average, 64% of the price as new, with 92% of the vehicle's useful life remaining.
The 2023 and 2022 model years are also attractive years for the XC40, and provide a relatively good value.
Our rankings consider multiple factors, including the XC40's price as new, current price, maintenance costs and remaining years of overall predictable expenses. Our top ranked model year represents the most car for the money of the Volvo XC40 models.
% of original price paid today
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2025 | $48,158 | $48,158 | $514 | $0 | 0.0% | 100.0% | |
| 2024 | $47,445 | $30,512 | $596 | $17,646 | 36.6% | 64.3% | Best |
| 2023 | $44,498 | $28,342 | $755 | $2,170 | 7.1% | 63.7% | Better |
| 2022 | $41,632 | $23,877 | $967 | $4,465 | 15.8% | 57.4% | Better |
| 2021 | $40,232 | $22,470 | $1,169 | $1,407 | 5.9% | 55.9% | Good |
| 2020 | $40,882 | $22,219 | $1,535 | $251 | 1.1% | 54.4% | Good |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2025 | $48,158 | 100.0% | |
| 2024 | $30,512 | 64.3% | Best |
| 2023 | $28,342 | 63.7% | Better |
| 2022 | $23,877 | 57.4% | Better |
| 2021 | $22,470 | 55.9% | Good |
| 2020 | $22,219 | 54.4% | Good |
Saving on depreciation is important, but it’s also worth looking at all major — the full Volvo XC40 cost picture to find the best value at the lowest cost. Explore the other ownership expenses below:
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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.
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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