After five years of ownership, you might be able to resell your Volvo for more than 45% of its original value. But components like your exact model, current mileage, and condition, along with market demand must be considered to get an overview of the worth of your vehicle.

Volvo has a reputation for producing some of the safest vehicles in the world, which makes it a great family-friendly option. But maybe it’s time to part ways with your trusty Volvo or perhaps you’re just looking for an updated one. Either way, it’s important to figure out the depreciation rate in order to assess the resale value of your Volvo.

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What goes into determining my Volvo’s resale value?

You’ve been through it all with your Volvo, from commuting to work on a daily basis to long road trips. But it’s important to consider how you’ve maintained your vehicle in order to calculate your Volvo’s resale value. Think about the following factors:

Depreciation: When you drive off the Volvo dealership parking lot, the value of your vehicle will automatically depreciate. Certain Volvo models hold their resale value, while other models may depreciate beyond 68% in the first five years.

Mileage: The mileage on your vehicle will affect its condition, and once you soar past the 100,000-mile mark, the resale process might become more difficult for you. To avoid this, aim to restrict your driving to 12,000 to 15,000 miles per year.

Accident history: Regardless of whether you were at fault or not for your most recent accident, it can still impact your Volvo’s resale value. Even after a full repair, your vehicle’s value may go down 15% to 30% after a collision.

Model popularity: Do you happen to have a

Volvo XC90

? You’re likely to easily sell this high-demand Volvo model as it usually maintains its value when paired with a T6 twin-charged inline four-cylinder powertrain.

Interior and exterior conditions: You can likely earn a higher profit if you keep up with regular maintenance and thoroughly clean your Volvo before reselling. Visible damage is likely to bring down the value.

MORE: How to sell a car for the best price

Resale value vs. trade-in value

Do you want to trade in your vehicle or resell it? There are differences to each approach, so let's dig in more closely. A trade-in requires trading in your unwanted vehicle at a dealership in exchange for an amount that will be deducted from the total cost of your purchase of a new car.

On the flip side, reselling your own car may lead to a more lucrative payoff. But it will require extra effort if you want to sell your vehicle privately. Dealerships may offer advice on how you can bring your Volvo up to standard, but you’ll need to consider how you will beautify your own car before you attempt to resale it.

MORE: How to sell a used car on Autotrader

What is the MSRP of my Volvo?

What was your Volvo’s worth when you first took it for a spin around the dealership? Before pursuing a resale or trade-in—you’ll need to figure out the original MSRP of your Volvo.

Kelley Blue Book has an excellent

price guide

for you to utilize in order to pinpoint your Volvo’s MSRP.

Key Takeaway It’s crucial to understand your Volvo's worth based on its original MSRP, current condition, car age, accident history, and specific model type prior to reselling your Volvo.

How does wear and tear affect my Volvo’s value?

When assessing your vehicle’s resale value, your Volvo’s current physical condition is the most significant factor. It’s also a factor that’s within your control! Follow Volvo’s suggested maintenance schedule to boost the resale value of your vehicle in order to avoid a massive financial loss.

Typically, the value of your vehicle may be reduced by $2,500 for every $5,000 spent on repairs resulting from an accident. If you plan to resell your vehicle privately or offer it up as a trade-in, look into

Volvo’s wear and tear guide

to evaluate the damage.

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How to calculate the resale value of your car

Though the condition of your Volvo model may vary, you can evaluate how much your vehicle stacks up when considering its resale value. Use this

useful tool

to calculate your Volvo’s worth.

If you need a broad idea of how your Volvo matches up compared to other models—establish the depreciation value. Car Edge currently rates the Volvo XC90 as a top performer among other Volvos when it comes to maintaining its value for the long haul. The Volvo XC90 will depreciate by 55% after five years with a resale value of $28,454.

Remember—your model’s year is a big factor when calculating the resale value of your Volvo. Other important elements include your vehicle’s current condition and mileage.

MORE: Trade-in vs private sale: What’s the best way to sell your car?

The bottom line: is my Volvo worth reselling?

So you’ve now determined your Volvo’s original MSRP, along with the current mileage, condition, and depreciation—what’s it going to be? If you purchased your vehicle in the last five years, you’ve kept up with proper maintenance, and it has less than 15,000 miles added on it per year, then you may get a nice payout if you sell your Volvo privately.

But if your Volvo doesn’t hold up to these standards, you may consider making some minor updates to your Volvo in order to get the most value before you attempt to resale it.

How to prep your Volvo for resale

No matter your current situation, before you resell your Volvo, ensure you can obtain as much value as you can out of it. Before you resell your vehicle to the next owner, follow these simple steps prior:

Detail your vehicle beforehand. First impressions are everything! Clean every corner of your Volvo for a new-car look and entice potential buyers.

Have routine maintenance performed. Get your car checked out before reselling it. This includes all proper maintenance like getting your tires rotated, aligned, and balanced, along with an oil change before it is out on the market.

Round up all the original parts. Gather all original keys, manuals, and accessories that accompanied your Volvo when you first got it. They will have to go with the new owner.

Planning in advance will help you receive a considerable payout from your investment. The next owner will also feel better that you greatly cared for their new-ish Volvo.

Finding cheap Volvo insurance

After you resell your Volvo, what’s the next step? Maybe you’ve decided to buy a completely different model or perhaps you’re taking the plunge and going with another automaker entirely. No matter what new car you decide on, protecting your new investment with the best car insurance is vital, and

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When it’s time to renew, we’ll automatically send you new quotes so you don’t have to worry if your rates will go up significantly. On average, Jerry customers save over $800 per year when they switch. There’s a reason why Jerry is the #1 rated insurance app in the App Store!

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FAQs

Which Volvo has the highest resale value?

The Volvo XC90 has the highest resale value of all Volvo models. According to MotorTrend, most Volvo SUVs retain more than 45% of their original value after five years.

What is my Volvo worth?

Your Volvo’s worth is established by various factors, like the model type, physical condition (interior and exterior), mileage, and depreciation. You can see what the appraisal value is for your Volvo with this

handy tool

from Edmunds.

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