The Volvo XC60 has been turning heads for seven years now, and it's still as attractive as ever. But with a design that's starting to show its age, is it still a smart buy? Let's dive into the details and find out if this Swedish beauty is worth your consideration in 2024.

The XC60's Enduring Appeal

Despite its age, the XC60 continues to impress buyers:

• Volvo is on track for one of its best sales years yet

• Nearly 4,700 units sold last month

• Could surpass the all-time best of 41,500 units sold in 2021

This sustained popularity has led to increased inventory levels, potentially creating opportunities for savvy buyers.

Deals and Discounts

While lease payments might be higher than expected, there are still ways to save:

• Many Volvo dealers are offering discounts of more than 10% off MSRP

• Discounts are especially significant on EVs

• You could potentially get 10-12% off MSRP on an XC60, particularly near the end of the year

Tip: Discounts can vary widely between dealerships, so it pays to shop around.

Negotiating Made Easy

To help you get the best deal on your XC60, let's break down some key factors:

Sales and Inventory Data

• XC60 sales peaked after the 2018 redesign

• Currently in 5th place in its segment with 34,000 units sold

• Volvo has about 9,000 XC60s in inventory (similar to Mercedes GLC and Audi Q5)

Target Discount and Pricing

For this example, we're focusing on the B5 Plus Dark Theme model:

• MSRP: $55,345

• Target discount: 8-10% off MSRP

• Potential selling price at 10% off: $49,990.57 (before rebates and incentives)

Current Incentives

Volvo is offering some attractive incentives:

• 3.99% financing for up to 72 months OR

• $2,000 bonus if you don't take the promotional financing

• Costco members may qualify for an additional $1,500 off

• Regional loyalty incentives (around $1,000 in some areas)

Financing vs. Leasing

Let's compare financing and leasing options:

Financing

• 72-month term at 3.99%: $795/month

• Total cost (including taxes and interest): $60,429

Leasing

• 36-month term, 12,000 miles per year

• 53% residual value

• Estimated payment: $579/month (not including tax)

• Total cost over 3 years: approximately $24,253

Is the XC60 Right for You?

While the XC60 remains an attractive option, there are a few factors to consider:

1. The design is 7 years old and may be due for a refresh soon

2. Resale value might be lower than expected (around 47.6% after 5 years)

3. Long-term reliability beyond the warranty period is uncertain

For many buyers, leasing might be the safest option. It allows you to enjoy the XC60 for three years and then upgrade to a potentially redesigned model or buy out the lease if you're satisfied with the vehicle.

Conclusion

The Volvo XC60 continues to be a compelling choice in the luxury SUV segment, offering style, comfort, and now, potentially significant discounts. By arming yourself with the right information and negotiating strategies, you can secure a great deal on this enduring Swedish favorite.

Remember to shop around, compare offers from different dealerships, and don't be afraid to negotiate. With the right approach, you could be driving home in a new XC60 for less than you might expect.

Want more detailed information or personalized advice? Check out the video this post is based on for additional insights and resources to help you make the best decision for your next vehicle purchase.