If you’re in the market for a new car, you may be wondering about costs beyond the sticker price, like gas, insurance, and vehicle maintenance. Volvos are known for being safe luxury vehicles, but are they as pricey to maintain as other similar brands?
The Volvo s60 is typically less expensive to maintain than other comparable luxury sedans. The average annual maintenance costs are between $700-$800 per year, with newer vehicles costing much less per year than those 5+ years old.
During the first three years, most people pay under $500 per year.
Annual Maintenance Cost for Volvo s60
Annual maintenance costs are the easiest way to understand how much it will cost you to own a specific car and compare it to other similar vehicles. Volvos are luxury vehicles, which are typically more expensive to own and maintain than standard cars.
However, Volvos come with a four-year/50,000-mile factory bumper-to-bumper warranty, and they also cover oil changes for the first three years and alignments for one year.
Like with most vehicles, the maintenance costs for a Volvo s60 increase over time. As the car ages, it’s more prone to mechanical issues and more expensive scheduled maintenance needs to be completed to keep the car running at peak performance.
Estimated Annual Cost for Maintenance and Repairs – Volvo s60
Overall Volvo Maintenance Costs
According to Your Mechanic, Volvo is on the higher-end for maintenance and repair costs overall at an estimated $8,700 for the first 75,000 miles. Still, that figure is less than other luxury brands like Audi, Cadillac, Mercedes-Benz, and BMW.
Over a ten-year period, Your Mechanic estimates that the cost to maintain a Volvo average is around $12,500. Compared to the most expensive, BMW at $17,800, it doesn’t seem so bad.
However, it’s quite high when compared to the least expensive make-to-maintain, Toyota, at $5,500 for the first ten years. The good news is that the Volvo s60 performs better than the brand overall when it comes to ten-year maintenance costs.
This model typically costs between $9,000 and $9,300 for repairs and maintenance during the first ten years. That’s better than Volvos overall by at least $3,000, and better than the industry average for luxury sedans by over $2,500.
The total cost for repairs and maintenance over the course of a ten-year period is heavily influenced by needing a major repair during that time. The Volvo s60 has a 26%-27% chance of needing a major repair during the first ten years.
While those odds may not seem very good, it’s actually better than other luxury sedans by nearly 13%. Like the average annual cost, the likelihood of needing a major repair also increases significantly as the car ages.
Probability of Major Repair – Volvo s60
|Vehicle’s Age||Likelihood of Needing Major Repair|
A major repair is generally any repair to a major vehicle component that costs over $1,000. For example, a major repair to the vehicle’s transmission or the engine would typically be considered a major repair.
Factors Impacting Maintenance Costs
The repair and maintenance costs for your Volvo s60 (or any vehicle, really) can be impacted by many different factors. Things like where you live can impact the conditions that you drive in as well as how much repair work costs.
Areas, where it’s extremely cold or extremely hot, can create more severe conditions for your car. Exposure to salt on the roads or very rough terrain may also wear out certain components faster than normal. How well you keep up with scheduled and preventative maintenance also plays a big role in the costs.
Getting regular oil changes and other scheduled maintenance performed may increase the early annual costs compared to an owner who doesn’t have the work done, but in the long run, it may help to prevent very expensive major repairs.
The vehicle specifications of the vehicle may also impact the maintenance costs. For example, a manual versus automatic transmission or certain upgrades could influence the repair costs or likelihood of specific issues.
A vehicle with a sports package may have different maintenance and repair needs over the years than a vehicle with standard options. How you drive the vehicle and what you use it for are also big factors in determining what the maintenance and repair costs will be.
Someone that has a long commute to work or a person who uses their vehicle for ridesharing will put more wear and tear on the car than someone who doesn’t drive long distances. Similarly, highway driving is typically easier on a car than frequent “stop-and-go” drives.
Recommended Maintenance for a Volvo s60
When it comes to the maintenance costs for a Volvo s60, it’s helpful to understand what kind of maintenance the vehicle typically requires. Every automobile comes with a recommended maintenance schedule from the manufacturer that lays out what work should be performed at a specific time or mileage intervals.
Let’s take a look at some of the maintenance that you should plan for that’s specific to the Volvo s60:
|7,500||Change oil and filter, tire rotation, check battery and cables|
|15,000||Change oil and filter, replace cabin air filter, check battery and cables, lubricate hinges and latches|
|22,500||Change oil and filter, tire rotation, check battery and cables|
|30,000||Change oil and filter, replace air filter, check battery and cables, lubricate hinges and latches, replace spark plugs|
|37,500||Replace air filter, change oil and filter, check battery and cables, flush brake system|
|45,000||Change oil and filter, replace cabin air filter, check battery and cables, lubricate hinges and latches|
|52,500||Change oil and filter, check battery and cables, change transmission fluid|
|60,000||Change oil and filter, replace air filter, check battery and cables, lubricate hinges and latches, replace spark plugs|
|67,500||Change oil and filter, check battery and cables|
|75,000||Change oil and filter, replace air filter, lubricate all hinges and latches, change spark plugs|
|82,500||Change oil and filter, check battery and cables|
|90,000||Change oil and filter, replace air filter, lubricate all hinges and latches, change spark plugs|
|97,500||Change oil and filter, check battery and cables|
|105,000||Change oil and filter, replace cabin air filter, lubricate all hinges and latches, change/flush transmission fluid, replace the timing belt|
|112,500||Change oil and filter, replace air filter, flush brake system, check battery and cables|
|127,500||Change oil and filter, check battery and cables|
|135,000||Change oil and filter, replace cabin air filter, check battery and cables, lubricate hinges and latches|
|142,000||Change oil and filter, check battery and cables|
|150,000||Change oil and filter, lubricate all hinges and latches, replace spark plugs, replace cabin air filter, replace the timing belt, replace the alternator|
A cost-saver for Volvo owners is that they will provide the factory scheduled maintenance to you at no cost once per year for the first three years (or up to 36,000 miles – whichever comes first).
That means that you won’t have to foot the bill for your regularly scheduled service maintenance visits at 10,000, 20,000, and 30,000 miles. During the service visits, they’ll also run a diagnostic check on your safety systems and the onboard computer monitoring functions.
So, if there’s an issue looming, hopefully, the diagnostic will catch it sooner rather than later. However, this offer is only good for owners who purchase a new Volvo from an authorized dealer.
The Bottom Line
The maintenance cost for a Volvo s60 is typically between $700 and $800 per year, on average. However, for the first several years, the cost will be much lower. Most people spend well under $500 per year for the first five years or more.
Plus, when you purchase your Volvo new from a dealership, you won’t have to pay for your factory-scheduled maintenance for the first three years. That’s in addition to your warranty coverage, which will cover most repairs for the first four years.
While the maintenance costs overall may be more expensive than brands like Honda or Toyota, they’re typically lower when compared to other luxury vehicles like BMW or Mercedes-Benz.
Since your Volvo s60 is a luxury vehicle, it’s expected that the cost to own it may be a bit higher than other standard cars.
Many Volvo owners own their car for many years, which means that a lot of people continue to drive their car beyond the first four years without seeing their maintenance costs exceed what’s practical for the car’s value.