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What is the Volvo S60 depreciation rate?
I have a Volvo S60 that I bought two years ago and want to sell for an SUV. What’s the depreciation rate of the Volvo S60?
Andrea Barrett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The depreciation amount of a car will depend on the make and model, but in general, the Volvo S60 depreciation rate is around 40% after five years and has a 5-year resale value of approximately $28,058.
Other sources suggest a 2020 Volvo S60 has an estimated 5-year depreciation rate of 62%, meaning that it has decreased $29,388 from its original price of around $47,400—the resale price would be about $18,012.
Regardless of the make and model, most vehicles will see the most significant depreciation within the first year of ownership, with a depreciation rate between 15 and 35%.
If you’re not keen on having your Volvo depreciate substantially, there are certain things you can do to keep the resale value up—like sticking to a regular
car maintenance schedule
and investing in a solid car insurance
policy.Don’t have time to research? Let
Jerry
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- Gregory R.
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