Volvo XC60 Depreciation

A Volvo XC60 will depreciate 43% after 5 years and have a 5 year resale value of $32,732.

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 $57,015 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 XC60.

Volvo XC60 Depreciation Calculator

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Volvo XC60 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $7,931 86.09% $49,084 12,000 2022
2 $8,358 85.34% $48,657 24,000 2023
3 $11,591 79.67% $45,424 36,000 2024
4 $15,257 73.24% $41,758 48,000 2025
5 $24,283 57.41% $32,732 60,000 2026
6 $28,929 49.26% $28,086 72,000 2027
7 $31,854 44.13% $25,161 84,000 2028
8 $34,922 38.75% $22,093 96,000 2029
9 $38,109 33.16% $18,906 108,000 2030
10 $40,178 29.53% $16,837 120,000 2031

Volvo XC60 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,931 86.09% $49,084
2 $8,358 85.34% $48,657
3 $11,591 79.67% $45,424
4 $15,257 73.24% $41,758
5 $24,283 57.41% $32,732
6 $28,929 49.26% $28,086
7 $31,854 44.13% $25,161
8 $34,922 38.75% $22,093
9 $38,109 33.16% $18,906
10 $40,178 29.53% $16,837

Buying a Volvo XC60 New vs Used

If you purchase a used Volvo XC60 that is 2 years old, then you could save $8,358 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 $15,925. 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 XC60 models become available.

What About Volvo XC60 Insurance Costs?

The average cost to insure a Volvo XC60 is about $1,708 per year. This adds up to around $8,540 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 XC60. 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

The Best Model Years to Buy a Volvo XC60

The 2021 Volvo XC60 is our top pick for the best model year value for the XC60. With the 2021, you would only pay, on average, 86% of the price as new, with 92% of the vehicle's useful life remaining. The 2017 and 2016 model years are also attractive years for the XC60, and provide a relatively good value. Our rankings consider multiple factors, including the XC60's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Volvo XC60 models.

Volvo XC60 Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $57,015 $57,015 $429 $0 0% 100%
2021 $56,850 $49,442 $500 $7,573 13.28% 86.09% Best
2020 $51,351 $44,434 $612 $5,008 10.13% 85.34% Good
2019 $50,953 $41,386 $791 $3,048 6.86% 79.67%
2018 $50,627 $38,022 $941 $3,364 8.13% 73.24%
2017 $42,596 $25,629 $1,175 $12,393 32.59% 57.41% Better
2016 $40,632 $21,666 $1,652 $3,963 15.46% 49.26% Better
2015 $40,098 $19,536 $1,841 $2,130 9.83% 44.13% Good
2014 $39,056 $17,150 $2,017 $2,386 12.21% 38.75%
2013 $38,401 $15,013 $2,279 $2,137 12.46% 33.16%
2012 $37,504 $13,387 $2,312 $1,626 10.83% 29.53%
2011 $34,400 $12,105 $2,592 $1,282 9.58% 27.65%
2010 $33,864 $10,834 $2,998 $1,271 10.5% 23.14%
Year Price % Paid Value Rank
2022 $57,015 100%
2021 $49,442 86.09% Best
2020 $44,434 85.34% Good
2019 $41,386 79.67%
2018 $38,022 73.24%
2017 $25,629 57.41% Better
2016 $21,666 49.26% Better
2015 $19,536 44.13% Good
2014 $17,150 38.75%
2013 $15,013 33.16%
2012 $13,387 29.53%
2011 $12,105 27.65%
2010 $10,834 23.14%

Volvo XC60 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Volvo XC60 ranks for Depreciation compared to other vehicles. Also check out how the XC60 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Volvo XC60 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 XC60 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: