Depreciation
The depreciation graph and accompanying table on our page detail how the 2008 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) 2008 VOLVO V70 in 2008 was $8,995.
The average price for used 2008 VOLVO V70 nowadays in 2024 is $7,875 which is 88% from the original price.
Estimated mileage driven per year is 9,828 miles.
The graph below is a depreciation curve for 2008 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 2008 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 | ||
|---|---|---|---|---|---|---|
| 2008 MSRP | 0 mi | $8,995 | — | — | 100% | 0% |
| 2022 | 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 2008 VOLVO V70. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2008 VOLVO V70 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 55,000 mi | $10,045 | 13 sales |
| 60,000 mi | $9,943 | 10 sales |
| 65,000 mi | $11,500 | 11 sales |
| 70,000 mi | $8,775 | 11 sales |
| 75,000 mi | $9,501 | 17 sales |
| 80,000 mi | $9,948 | 26 sales |
| 85,000 mi | $9,995 | 17 sales |
| 90,000 mi | $7,995 | 27 sales |
| 95,000 mi | $7,875 | 30 sales |
| 100,000 mi | $7,375 | 22 sales |
| 105,000 mi | $7,995 | 35 sales |
| 110,000 mi | $7,500 | 39 sales |
| 115,000 mi | $7,470 | 29 sales |
| 120,000 mi | $6,995 | 42 sales |
| 125,000 mi | $7,500 | 21 sales |
| 130,000 mi | $6,999 | 19 sales |
| 135,000 mi | $6,542 | 16 sales |
| 140,000 mi | $5,998 | 43 sales |
| 145,000 mi | $5,999 | 21 sales |
| 150,000 mi | $6,995 | 38 sales |
| 155,000 mi | $5,590 | 24 sales |
| 160,000 mi | $6,985 | 22 sales |
| 165,000 mi | $5,605 | 14 sales |
| 170,000 mi | $4,988 | 19 sales |
| 180,000 mi | $4,995 | 11 sales |
| 185,000 mi | $4,750 | 14 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.
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.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Depreciation directly affects the resale value of a 2008 VOLVO V70, with faster depreciating vehicles typically having lower resale values over time.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
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.
Proper maintenance and good condition can slow the depreciation of a 2008 VOLVO V70 by making it more attractive to potential buyers, thereby preserving more of its value.
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.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
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 V70
2001 VOLVO V70
$4,950 average used price
1,300+ sales records
2002 VOLVO V70
$4,988 average used price
1,100+ sales records
2004 VOLVO V70
$5,000 average used price
1,300+ sales records
2005 VOLVO V70
$7,995 average used price
590+ sales records
2007 VOLVO V70
$6,695 average used price
440+ sales records
2009 VOLVO V70
$6,995 average used price
270+ sales records
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