Depreciation
The depreciation graph and accompanying table on our page detail how the 1998 VOLVO V70'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) 1998 VOLVO V70 in 1998 was $8,995.
The average price for used 1998 VOLVO V70 nowadays in 2024 is $3,999 which is 44% from the original price.
Estimated mileage driven per year is 9,828 miles.
The graph below is a depreciation curve for 1998 VOLVO V70. 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 1998 VOLVO V70 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 | ||
|---|---|---|---|---|---|---|
| 1998 MSRP | 0 mi | $8,995 | — | — | 100% | 0% |
| 2012 | 147,420 mi | $11,125 | +$0 | +0% | 123.68% | -23.68% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO V70’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 1998 VOLVO V70. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 1998 VOLVO V70 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 95,000 mi | $4,448 | 10 sales |
| 150,000 mi | $6,990 | 10 sales |
| 195,000 mi | $1,800 | 11 sales |
Frequently asked questions
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
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.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
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.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
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.
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.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Other years of VOLVO V70
1999 VOLVO V70
$2,598 average used price
320+ sales records
2001 VOLVO V70
$4,950 average used price
1,300+ sales records
2004 VOLVO V70
$5,000 average used price
1,300+ sales records
2008 VOLVO V70
$7,875 average used price
760+ sales records
2009 VOLVO V70
$6,995 average used price
270+ sales records
2010 VOLVO V70
$11,125 average used price
430+ sales records
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