Volvo XC60 Depreciation

A Volvo XC60 will depreciate 57% after 5 years and have a 5 year resale value of $22,110.

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 $51,550 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 $9,568 81.44% $41,982 12,000 2022
2 $13,465 73.88% $38,085 24,000 2023
3 $15,527 69.88% $36,023 36,000 2024
4 $23,399 54.61% $28,151 48,000 2025
5 $29,440 42.89% $22,110 60,000 2026
6 $33,239 35.52% $18,311 72,000 2027
7 $34,616 32.85% $16,934 84,000 2028
8 $38,528 25.26% $13,022 96,000 2029
9 $40,642 21.16% $10,908 108,000 2030
10 $40,905 20.65% $10,645 120,000 2031

Volvo XC60 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $9,568 81.44% $41,982
2 $13,465 73.88% $38,085
3 $15,527 69.88% $36,023
4 $23,399 54.61% $28,151
5 $29,440 42.89% $22,110
6 $33,239 35.52% $18,311
7 $34,616 32.85% $16,934
8 $38,528 25.26% $13,022
9 $40,642 21.16% $10,908
10 $40,905 20.65% $10,645

Buying a Volvo XC60 New vs Used

If you purchase a used Volvo XC60 that is 2 years old, then you could save $13,465 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 $15,975. 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 $1,563 per year. This adds up to around $7,815 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 2016 Volvo XC60 is our top pick for the best model year value for the XC60. With the 2016, you would only pay, on average, 43% of the price as new, with 58% of the vehicle's useful life remaining. The 2015 and 2017 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
2021 $51,550 $51,550 $418 $0 0% 100%
2020 $51,351 $42,311 $489 $9,239 17.92% 81.44% Good
2019 $50,953 $38,245 $601 $4,066 9.61% 73.88% Good
2018 $50,627 $36,159 $781 $2,086 5.45% 69.88%
2017 $42,596 $24,192 $930 $11,967 33.1% 54.61% Better
2016 $40,632 $18,591 $1,165 $5,601 23.15% 42.89% Best
2015 $40,098 $15,882 $1,641 $2,709 14.57% 35.52% Better
2014 $39,056 $14,659 $1,830 $1,223 7.7% 32.85%
2013 $38,401 $11,705 $2,006 $2,954 20.15% 25.26%
2012 $37,504 $10,202 $2,268 $1,503 12.84% 21.16%
2011 $34,400 $9,405 $2,301 $797 7.81% 20.65%
2010 $33,864 $8,327 $2,581 $1,078 11.46% 16.97%
Year Price % Paid Value Rank
2021 $51,550 100%
2020 $42,311 81.44% Good
2019 $38,245 73.88% Good
2018 $36,159 69.88%
2017 $24,192 54.61% Better
2016 $18,591 42.89% Best
2015 $15,882 35.52% Better
2014 $14,659 32.85%
2013 $11,705 25.26%
2012 $10,202 21.16%
2011 $9,405 20.65%
2010 $8,327 16.97%

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: