Depreciation
The depreciation graph and accompanying table on our page detail how the 2002 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) 2002 VOLVO V70 in 2002 was $8,995.
The average price for used 2002 VOLVO V70 nowadays in 2024 is $4,988 which is 55% from the original price.
Estimated mileage driven per year is 9,828 miles.
The graph below is a depreciation curve for 2002 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 2002 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 | ||
|---|---|---|---|---|---|---|
| 2002 MSRP | 0 mi | $8,995 | — | — | 100% | 0% |
| 2016 | 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 2002 VOLVO V70. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2002 VOLVO V70 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 75,000 mi | $7,995 | 11 sales |
| 95,000 mi | $4,999 | 16 sales |
| 100,000 mi | $5,393 | 26 sales |
| 105,000 mi | $4,995 | 24 sales |
| 110,000 mi | $4,982 | 30 sales |
| 115,000 mi | $4,899 | 26 sales |
| 120,000 mi | $5,687 | 32 sales |
| 125,000 mi | $4,995 | 21 sales |
| 130,000 mi | $4,497 | 20 sales |
| 135,000 mi | $4,800 | 44 sales |
| 140,000 mi | $4,545 | 32 sales |
| 145,000 mi | $3,750 | 28 sales |
| 150,000 mi | $3,998 | 28 sales |
| 155,000 mi | $3,800 | 27 sales |
| 160,000 mi | $2,995 | 35 sales |
| 165,000 mi | $3,500 | 25 sales |
| 170,000 mi | $2,500 | 15 sales |
| 175,000 mi | $3,098 | 22 sales |
| 180,000 mi | $5,500 | 29 sales |
| 185,000 mi | $2,995 | 25 sales |
| 190,000 mi | $2,999 | 13 sales |
| 195,000 mi | $4,225 | 20 sales |
| 200,000 mi | $3,149 | 10 sales |
| 230,000 mi | $2,855 | 12 sales |
| 270,000 mi | $1,795 | 11 sales |
Frequently asked questions
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
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.
Proper maintenance and good condition can slow the depreciation of a 2002 VOLVO V70 by making it more attractive to potential buyers, thereby preserving more of its value.
Depreciation directly affects the resale value of a 2002 VOLVO V70, with faster depreciating vehicles typically having lower resale values over time.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Other years of VOLVO V70
1998 VOLVO V70
$3,999 average used price
350+ sales records
1999 VOLVO V70
$2,598 average used price
320+ sales records
2003 VOLVO V70
$4,995 average used price
310+ sales records
2004 VOLVO V70
$5,000 average used price
1,300+ sales records
2006 VOLVO V70
$4,050 average used price
750+ sales records
2007 VOLVO V70
$6,695 average used price
440+ sales records
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