Try to enter your VIN above and see what we have for you.
s60

2020 VOLVO S60
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 2020 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) 2020 VOLVO S60 in 2020 was $40,505.
The average price for used 2020 VOLVO S60 nowadays in 2024 is $25,900 which is 64% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2020 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 2020 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.
YearAverage MileageAverage Price% Left% Lost
2020 MSRP0 mi$40,505100%0%
202010,146 mi$43,500−$2,995−7.39%107.39%-7.39%
202120,292 mi$36,000+$7,500+17.24%88.88%11.12%
202230,438 mi$31,250+$4,750+13.19%77.15%22.85%
202340,584 mi$28,900+$2,350+7.52%71.35%28.65%
202450,730 mi$25,900+$3,000+10.38%63.94%36.06%
202560,876 mi$23,998+$1,902+7.34%59.25%40.75%
202671,022 mi$18,995+$5,003+20.85%46.9%53.1%
202781,168 mi$16,995+$2,000+10.53%41.96%58.04%
202891,314 mi$14,795+$2,200+12.94%36.53%63.47%
2029101,460 mi$12,988+$1,807+12.21%32.07%67.93%
2030111,606 mi$10,995+$1,993+15.34%27.14%72.86%
2031121,752 mi$9,998+$997+9.07%24.68%75.32%
2032131,898 mi$8,538+$1,460+14.6%21.08%78.92%
2033142,044 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 2020 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 VOLVO S60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
0 mi$32,40021 sales
5,000 mi$33,990137 sales
10,000 mi$32,997467 sales
15,000 mi$31,299740 sales
20,000 mi$30,9931,136 sales
25,000 mi$30,5001,099 sales
30,000 mi$29,9901,016 sales
35,000 mi$28,998787 sales
40,000 mi$27,992512 sales
45,000 mi$27,998409 sales
50,000 mi$27,000207 sales
55,000 mi$25,936106 sales
60,000 mi$24,905118 sales
65,000 mi$23,94058 sales
70,000 mi$24,99629 sales
75,000 mi$21,00023 sales
80,000 mi$23,43422 sales
85,000 mi$21,49716 sales
Frequently asked questions
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Depreciation directly affects the resale value of a 2020 VOLVO S60, with faster depreciating vehicles typically having lower resale values over time.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
Other years of VOLVO S60
s60
2003 VOLVO S60
$4,200 average used price
600+ sales records
s60
2007 VOLVO S60
$6,000 average used price
2,100+ sales records
s60
2017 VOLVO S60
$16,995 average used price
13,500+ sales records
s60
2019 VOLVO S60
$23,998 average used price
25,400+ sales records
s60
2021 VOLVO S60
$28,900 average used price
12,700+ sales records
s60
2024 VOLVO S60
$43,500 average used price
650+ sales records
Similar Models
s90
2019 VOLVO S90
$58,940 MSRP
$26,344 average used price
5,400+ sales records
xc40
2020 VOLVO XC40
$45,155 MSRP
$26,982 average used price
23,600+ sales records
xc40
2021 VOLVO XC40
$45,155 MSRP
$31,790 average used price
22,900+ sales records
xc90
2021 VOLVO XC90
$59,325 MSRP
$39,995 average used price
36,500+ sales records
s90
2021 VOLVO S90
$58,940 MSRP
$37,493 average used price
1,200+ sales records
xc40
2022 VOLVO XC40
$45,155 MSRP
$33,000 average used price
6,400+ sales records
The information on vehicles provided here is supplied by third parties; BADVIN.ORG is not responsible for the accuracy of any information. BADVIN.ORG provides all service and materials without representations or warranties of any kind, either expressed or implied. Use BADVIN search and reports along with certified vehicle inspection and test drive. See Terms of Use for more details. All other logos, brands and designated trademarks are the property of their respective holders.