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Used 2020 Volvo XC60 Cost to Own

Total 5-Year Ownership Costs

XC60 SUV

T5 Momentum 4dr SUV AWD (2.0L 4cyl Turbo 8A)

True Cost to Own

$52,249*

Total Cash Price

$25,009

T5 Inscription 4dr SUV AWD (2.0L 4cyl Turbo 8A)

True Cost to Own

$55,635*

Total Cash Price

$26,724

T5 Inscription 4dr SUV (2.0L 4cyl Turbo 8A)

True Cost to Own

$53,343*

Total Cash Price

$25,563

T6 Inscription 4dr SUV AWD (2.0L 4cyl Twincharger 8A)

True Cost to Own

$56,947*

Total Cash Price

$28,449

T5 Momentum 4dr SUV (2.0L 4cyl Turbo 8A)

True Cost to Own

$49,813*

Total Cash Price

$23,531

T6 Momentum 4dr SUV AWD (2.0L 4cyl Twincharger 8A)

True Cost to Own

$54,046*

Total Cash Price

$25,414

T5 R-Design 4dr SUV (2.0L 4cyl Turbo 8A)

True Cost to Own

$53,249*

Total Cash Price

$25,870

T5 R-Design 4dr SUV AWD (2.0L 4cyl Turbo 8A)

True Cost to Own

$56,810*

Total Cash Price

$27,477

T6 R-Design 4dr SUV AWD (2.0L 4cyl Twincharger 8A)

True Cost to Own

$56,782*

Total Cash Price

$29,612

T8 Polestar Engineered 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

True Cost to Own

$62,215*

Total Cash Price

$36,115

XC60 Plug-in Hybrid

T8 Inscription Twin Engine Plug-In Hybrid 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

True Cost to Own

$56,956*

Total Cash Price

$30,114

T8 Momentum Twin Engine Plug-In Hybrid 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

True Cost to Own

$55,648*

Total Cash Price

$29,122

T8 R-Design Twin Engine Plug-In Hybrid 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

True Cost to Own

$57,892*

Total Cash Price

$31,749

Ownership Costs: 5-Year Total

Depreciation

$12,206

Taxes & Fees

$3,108

Financing

$4,386

Fuel

$13,154

Insurance

$5,696

Repairs

$5,832

Maintenance

$7,867

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 XC60 SUV T5 Momentum 4dr SUV AWD (2.0L 4cyl Turbo 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,073$1,105$1,138$1,172$1,208$5,696
Maintenance$1,134$839$254$3,186$2,454$7,867
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,028$20$20$20$20$3,108
Financing$1,503$1,212$901$565$205$4,386
Depreciation$4,431$2,696$2,124$1,726$1,229$12,206
Fuel$2,478$2,552$2,628$2,707$2,789$13,154
True Cost to Own®$14,659$9,508$8,226$10,620$9,236$52,249
Selected Model:

2020 XC60 SUV T5 Inscription 4dr SUV AWD (2.0L 4cyl Turbo 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,357$1,398$1,440$1,483$1,527$7,205
Maintenance$1,134$839$254$3,186$2,454$7,867
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,232$20$20$20$20$3,312
Financing$1,606$1,295$963$604$219$4,687
Depreciation$4,978$2,981$2,349$1,910$1,360$13,578
Fuel$2,478$2,552$2,628$2,707$2,789$13,154
True Cost to Own®$15,797$10,169$8,815$11,154$9,700$55,635
Selected Model:

2020 XC60 SUV T5 Inscription 4dr SUV (2.0L 4cyl Turbo 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,078$1,110$1,144$1,178$1,213$5,723
Maintenance$1,134$839$254$3,276$2,454$7,957
Repairs$949$1,017$1,089$1,167$1,249$5,471
Taxes & Fees$3,094$20$20$20$20$3,174
Financing$1,536$1,239$921$578$209$4,483
Depreciation$4,559$3,166$2,602$2,152$1,447$13,926
Fuel$2,375$2,446$2,520$2,595$2,673$12,609
True Cost to Own®$14,725$9,837$8,550$10,966$9,265$53,343
Selected Model:

2020 XC60 SUV T6 Inscription 4dr SUV AWD (2.0L 4cyl Twincharger 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,133$1,167$1,202$1,238$1,275$6,015
Maintenance$1,134$839$254$3,250$2,454$7,931
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,440$20$20$20$20$3,520
Financing$1,709$1,380$1,024$643$234$4,990
Depreciation$4,527$3,420$3,131$2,459$1,363$14,900
Fuel$2,592$2,669$2,749$2,832$2,917$13,759
True Cost to Own®$15,547$10,579$9,541$11,686$9,594$56,947
Selected Model:

2020 XC60 SUV T5 Momentum 4dr SUV (2.0L 4cyl Turbo 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,073$1,105$1,138$1,172$1,208$5,696
Maintenance$1,134$839$254$3,276$2,454$7,957
Repairs$949$1,017$1,089$1,167$1,249$5,471
Taxes & Fees$2,851$20$20$20$20$2,931
Financing$1,414$1,141$847$532$193$4,127
Depreciation$3,855$2,485$1,957$1,592$1,133$11,022
Fuel$2,375$2,446$2,520$2,595$2,673$12,609
True Cost to Own®$13,651$9,053$7,825$10,354$8,930$49,813
Selected Model:

2020 XC60 SUV T6 Momentum 4dr SUV AWD (2.0L 4cyl Twincharger 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,129$1,163$1,198$1,234$1,271$5,995
Maintenance$1,134$839$254$3,250$2,454$7,931
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,076$20$20$20$20$3,156
Financing$1,527$1,232$915$575$208$4,457
Depreciation$4,613$2,879$2,267$1,844$1,313$12,916
Fuel$2,592$2,669$2,749$2,832$2,917$13,759
True Cost to Own®$15,083$9,886$8,564$10,999$9,514$54,046
Selected Model:

2020 XC60 SUV T5 R-Design 4dr SUV (2.0L 4cyl Turbo 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,079$1,111$1,145$1,179$1,214$5,728
Maintenance$1,134$839$254$3,276$2,454$7,957
Repairs$949$1,017$1,089$1,167$1,249$5,471
Taxes & Fees$3,131$20$20$20$20$3,211
Financing$1,554$1,255$931$585$212$4,537
Depreciation$4,973$3,038$2,393$1,946$1,386$13,736
Fuel$2,375$2,446$2,520$2,595$2,673$12,609
True Cost to Own®$15,195$9,726$8,352$10,768$9,208$53,249
Selected Model:

2020 XC60 SUV T5 R-Design 4dr SUV AWD (2.0L 4cyl Turbo 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,357$1,398$1,440$1,483$1,527$7,205
Maintenance$1,134$839$254$3,186$2,454$7,867
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,323$20$20$20$20$3,403
Financing$1,651$1,332$990$621$225$4,819
Depreciation$4,882$3,344$2,636$2,143$1,525$14,530
Fuel$2,478$2,552$2,628$2,707$2,789$13,154
True Cost to Own®$15,837$10,569$9,129$11,404$9,871$56,810
Selected Model:

2020 XC60 SUV T6 R-Design 4dr SUV AWD (2.0L 4cyl Twincharger 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,127$1,161$1,196$1,232$1,268$5,984
Maintenance$1,134$839$254$3,250$2,454$7,931
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,578$20$20$20$20$3,658
Financing$1,779$1,436$1,066$670$243$5,194
Depreciation$4,160$2,513$4,503$1,364$1,884$14,424
Fuel$2,592$2,669$2,749$2,832$2,917$13,759
True Cost to Own®$15,382$9,722$10,949$10,612$10,117$56,782
Selected Model:

2020 XC60 SUV T8 Polestar Engineered 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,403$1,445$1,488$1,533$1,579$7,448
Maintenance$1,599$932$295$3,333$2,730$8,889
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$4,357$20$20$20$20$4,437
Financing$2,170$1,751$1,300$817$296$6,334
Depreciation$6,180$4,118$3,245$2,638$1,877$18,058
Fuel$2,113$2,176$2,241$2,309$2,378$11,217
True Cost to Own®$18,834$11,526$9,750$11,894$10,211$62,215
Selected Model:

2020 XC60 Plug-in Hybrid T8 Inscription Twin Engine Plug-In Hybrid 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,142$1,176$1,212$1,248$1,285$6,063
Maintenance$1,599$932$295$3,333$2,730$8,889
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,638$20$20$20$20$3,718
Financing$1,809$1,460$1,085$681$247$5,282
Depreciation$5,544$3,609$2,844$2,312$1,646$15,955
Fuel$2,113$2,176$2,241$2,309$2,378$11,217
True Cost to Own®$16,857$10,457$8,858$11,147$9,637$56,956
Selected Model:

2020 XC60 Plug-in Hybrid T8 Momentum Twin Engine Plug-In Hybrid 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,115$1,148$1,183$1,218$1,255$5,919
Maintenance$1,599$932$295$3,333$2,730$8,889
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,520$20$20$20$20$3,600
Financing$1,750$1,412$1,048$659$239$5,108
Depreciation$5,612$3,282$2,588$2,104$1,497$15,083
Fuel$2,113$2,176$2,241$2,309$2,378$11,217
True Cost to Own®$16,721$10,054$8,536$10,887$9,450$55,648
Selected Model:

2020 XC60 Plug-in Hybrid T8 R-Design Twin Engine Plug-In Hybrid 4dr SUV AWD (2.0L 4cyl Twincharger gas/electric plug-in hybrid 8A)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,142$1,176$1,212$1,248$1,285$6,063
Maintenance$1,599$932$295$3,333$2,730$8,889
Repairs$1,012$1,084$1,161$1,244$1,331$5,832
Taxes & Fees$3,834$20$20$20$20$3,914
Financing$1,908$1,539$1,143$718$260$5,568
Depreciation$5,335$3,839$3,025$2,460$1,750$16,409
Fuel$2,113$2,176$2,241$2,309$2,378$11,217
True Cost to Own®$16,943$10,766$9,097$11,332$9,754$57,892

*Based on a 5-year estimate with 15,000 miles driven per year.

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True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.