Volvo XC60 Depreciation

A Volvo XC60 will depreciate 60% after 5 years and have a 5 year resale value of $20,597.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per, and assumes a purchase price of $51,351 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Volvo XC60 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $10,979 78.62% $40,372 13,500 2021
2 $12,607 75.45% $38,744 27,000 2022
3 $20,350 60.37% $31,001 40,500 2023
4 $26,020 49.33% $25,331 54,000 2024
5 $30,754 40.11% $20,597 67,500 2025
6 $33,255 35.24% $18,096 81,000 2026
7 $37,404 27.16% $13,947 94,500 2027
8 $38,549 24.93% $12,802 108,000 2028
9 $40,192 21.73% $11,159 121,500 2029
10 $41,748 18.70% $9,603 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $10,979 78.62% $40,372
2 $12,607 75.45% $38,744
3 $20,350 60.37% $31,001
4 $26,020 49.33% $25,331
5 $30,754 40.11% $20,597
6 $33,255 35.24% $18,096
7 $37,404 27.16% $13,947
8 $38,549 24.93% $12,802
9 $40,192 21.73% $11,159
10 $41,748 18.70% $9,603

Volvo XC60 Depreciation Calculator

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If you purchase a used Volvo XC60 that is 2 years old, then you could save $12,607 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 $18,147. 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.

The Best Model Years to Buy a Volvo XC60

The 2015 Volvo XC60 is our top pick for the best model year value for the XC60. With the 2015, you would only pay, on average, 40% of the price as new, with 58% of the vehicle's useful life remaining. The 2016 and 2014 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
2020 $51,351 $51,351 $328 $0 0% 100%
2019 $50,953 $40,452 $394 $10,899 21.22% 78.62%
2018 $50,627 $38,717 $517 $1,735 4.29% 75.45%
2017 $42,596 $26,422 $705 $12,295 31.76% 60.37% Good
2016 $40,632 $20,873 $829 $5,549 21% 49.33% Better
2015 $40,098 $17,164 $1,079 $3,709 17.77% 40.11% Best
2014 $39,056 $15,299 $1,535 $1,865 10.87% 35.24% Better
2013 $38,401 $12,183 $1,752 $3,116 20.37% 27.16% Good
2012 $37,504 $11,246 $1,896 $937 7.69% 24.93%
2011 $34,400 $9,655 $2,181 $1,591 14.15% 21.73%
2010 $33,864 $8,576 $2,244 $1,079 11.18% 18.7%
Year Price % Paid Value Rank
2020 $51,351 100%
2019 $40,452 78.62%
2018 $38,717 75.45%
2017 $26,422 60.37% Good
2016 $20,873 49.33% Better
2015 $17,164 40.11% Best
2014 $15,299 35.24% Better
2013 $12,183 27.16% Good
2012 $11,246 24.93%
2011 $9,655 21.73%
2010 $8,576 18.7%
Our Favorite Volvo XC60 Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in April 2020.

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.

If you would like to know more about our data and process, check out our FAQ here.