Depreciation
The depreciation graph and accompanying table on our page detail how the 2007 VOLVO S60's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2007 VOLVO S60 in 2007 was $40,505.
The average price for used 2007 VOLVO S60 nowadays in 2024 is $6,000 which is 15% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2007 VOLVO S60. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2007 VOLVO S60 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2007 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2007 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2008 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2009 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2010 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2011 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2012 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2013 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2014 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2015 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2016 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2017 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
| 2018 | 121,752 mi | $9,998 | +$997 | +9.07% | 24.68% | 75.32% |
| 2019 | 131,898 mi | $8,538 | +$1,460 | +14.6% | 21.08% | 78.92% |
| 2020 | 142,044 mi | $8,769 | −$231 | −2.71% | 21.65% | 78.35% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO S60’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2007 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2007 VOLVO S60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 45,000 mi | $8,449 | 13 sales |
| 50,000 mi | $8,999 | 15 sales |
| 55,000 mi | $7,848 | 22 sales |
| 60,000 mi | $5,990 | 29 sales |
| 65,000 mi | $6,788 | 26 sales |
| 70,000 mi | $5,996 | 34 sales |
| 75,000 mi | $7,499 | 29 sales |
| 80,000 mi | $7,346 | 46 sales |
| 85,000 mi | $6,995 | 48 sales |
| 90,000 mi | $6,184 | 44 sales |
| 95,000 mi | $7,470 | 72 sales |
| 100,000 mi | $5,995 | 77 sales |
| 105,000 mi | $5,680 | 83 sales |
| 110,000 mi | $5,951 | 60 sales |
| 115,000 mi | $5,300 | 67 sales |
| 120,000 mi | $5,210 | 78 sales |
| 125,000 mi | $5,250 | 79 sales |
| 130,000 mi | $4,995 | 88 sales |
| 135,000 mi | $4,999 | 67 sales |
| 140,000 mi | $4,943 | 54 sales |
| 145,000 mi | $4,995 | 48 sales |
| 150,000 mi | $4,995 | 49 sales |
| 155,000 mi | $4,995 | 41 sales |
| 160,000 mi | $4,587 | 55 sales |
| 165,000 mi | $4,900 | 34 sales |
| 170,000 mi | $4,550 | 46 sales |
| 175,000 mi | $3,807 | 25 sales |
| 180,000 mi | $3,971 | 30 sales |
| 185,000 mi | $3,995 | 26 sales |
| 190,000 mi | $4,300 | 17 sales |
| 195,000 mi | $4,500 | 21 sales |
| 200,000 mi | $4,384 | 15 sales |
| 210,000 mi | $3,700 | 11 sales |
| 230,000 mi | $3,995 | 10 sales |
Frequently asked questions
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Depreciation directly affects the resale value of a 2007 VOLVO S60, with faster depreciating vehicles typically having lower resale values over time.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Other years of VOLVO S60
2001 VOLVO S60
$3,799 average used price
590+ sales records
2002 VOLVO S60
$4,999 average used price
980+ sales records
2005 VOLVO S60
$5,195 average used price
1,400+ sales records
2009 VOLVO S60
$6,443 average used price
1,300+ sales records
2012 VOLVO S60
$8,538 average used price
16,800+ sales records
2019 VOLVO S60
$23,998 average used price
25,400+ sales records
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2007 VOLVO S60 on BADVIN
