In the next five years of ownership, the price of a Volvo XC90 can be reduced by about 55%. It will then be sold at a resale value of a little over $28,000. This is only in assumption that the car remains in more or less a good condition. In this example, we also assume that the model costs about $63,000 when bought entirely brand-new. In addition, how much use it gets on an annual basis may affect these numbers.
Differences Between Buying a New Volvo XC90 and Buying One Used
By purchasing a second-hand Volvo XC90, you can save nearly $18,000 more than you would if you buy a completely new one. Moreover, two years isn’t that long of a time. Therefore, you can expect such a car to not have irreversible damage or wear and tear that could inconvenience you much.
If you plan to keep this vehicle for three years, you can expect a depreciation of nearly $17,000 at the end of that time period. So you might also consider comparing them to different vehicles or levels of use. This way, you’ll see if there are any good points for depreciation where this cost is the lowest.
When is the Best Time to Buy a Volvo XC90?
We picked the 2016 Volvo XC90 as the best value for money for the model year. When you buy a 2016 vehicle, you will pay only 45% of its starting price. Ideally, you will still retain a little below 60% of the vehicle’s life by the time of the purchase. Other top model years of choice in the 2020 and the 2018 XC90s. Both will give you a bang for your buck.
How to Maintain the Value of a Volvo XC90?
You should look for ways to keep the value of your Volvo XC90 high. To do this, you need to understand how your car is used. A good place to start is the maintenance that you perform on it. The more often you perform maintenance on your car, the longer it will last and retain its value.
When it comes to routine maintenance, you should know that oil changes are very important for a Volvo XC90. However, these can be performed every 3,000 miles or three months, whichever comes first.
Additionally, you can also go through different other routine maintenance that could make a difference in its lifespan. Perform regular services like tire rotations and battery replacement as recommended by the manufacturer.
As a buyer, you can incorporate this knowledge when you consider whether or not to buy a vehicle from someone. In general, it is always better to buy a car from a dealer that provides quality maintenance.
In conclusion, buying a Volvo XC90 is one of the most rewarding decisions you can make. It has everything you need in terms of utility and style, as well as its many different versions. Its price can be affected by the manufacturer’s pricing model. So you need to be very careful in deciding which model you should purchase.