We traded in my wife's 2015 XC70 with 150k miles for a 2022 CPO V60CC T5 (both mineral white) in June of 2023 and I went with @SteingoldVolvoCars 10yr/unlimited platinum CPO upgrade (right before Volvo shut that down). We bought it with 17k miles and have put on another 35k miles in the last 18 months. Not a single problem. Tires (ditch those Pirelli's as soon as is financially feasible) and scheduled maintenance. Only con is a little less cargo space, otherwise literally everything else is a strong improvement. For me, the biggest improvement is a much firmer, more controlled ride/handling balance. That's subjective of course, my daily and summer cruiser are of the German ilk.

 

I also went from a P3 XC70 T6 (MY15) to a '22 V60CC almost three years ago. I don't put a lot of miles on the car (5-6k annually) but to date it's been dead reliable - I love this car, my 14th Volvo and the best one yet.

I'm not a big believer in extended warranties but many folks like them. I prefer to self-insure.

 

My very opinionated opinion.
If you want the warranty, get it. But please don't say it's "bEcAuSe oF tHe ElCtrOnIcS!".
The things that are going to be covered...are the things that have always been the things that break: the mechanics.
The tech on these cars...isn't all that complicated. They're truly not. That's what dealers SCARE people into buying CPO's for...but really...they aren't that complicated.
Things that break most often are generally things that have moving parts. A water pump is going to fail 3 times over before your backup camera does. There are no moving parts in a backup camera. Nor the BLIS sensors. Not the heated steering wheel, nor the parking or driving sensors. Just scroll this forum and look for "tech issues"...there's really only ONE that I can think of that is super expensive: the digital display. And of course that has happened. But I wouldn't call it remotely common. I haven't even seen any heated seat failures which IS surprising to me.
Car companies rarely ever throw UNPROVED tech on a car. The modern BLIS sensors are just slightly different the the sensors Volvo used 10 years ago. Same with the parking sensors.
This stuff isn't that fragile.
So, sure, if you want the warranty, go for it. I certainly don't think it's must have, but 4 grand CDN isn't a bad price for a warranty and your piece of mind.
Personally I think how much you drive should be a huge consideration re: warranty. I do about 7K a year. I was quoted 4K US for a warranty. I'm not paying 4 grand to cover 35K miles.

 

I know I’m an outlier with my known problems with the SPA platform. But we have had sunroof issues with three of the four we’ve owned. Most recently it was $2k to replace both motors that crapped out without any explanation (ironically just out of factory warranty). It’s electronic with moving parts.

Exhaust manifold gasket will crap out. That was $2.1k for me. Both covered under the extended warranty. Nearly breaking even at 64k miles. The warranty goes until 2031/150k miles. I’ll likely triple or quadruple my warranty investment with the super charger, the air suspension, the AC evaporator, control arms, sensus screen crapping out, any number of B&W issues, etc.

Sorry to make the OP paranoid, but we’ve had non stop electronic problems. I’m not one to give Volvo credit where it’s not deserved. Reliability with electronics is not one of them. Mechanically, yes, the ICE platform is a petty sound and reliable system.

Speaking of BLIS, I’ve had continuous problems for over four years with the 2021. Similar problems on the 2023, albeit less often. Had the same problems on multiple loaners too. Lots of Software updates, but no fix available from the dealer. I don’t know what’s next, but as I continue to accumulate enough problems (again) to make it worth my time, I’ll have to take it the dealer for the 15th time for problems that they have continuously “tried” to fix. The great thing about problems like BLIS sticking on, TPMS, Sensus screen going black, USB connection errors… all have been addressed before and after factory warranty. There’s a strong chance my $100 deductible won’t even be needed to continue addressing them.

I know the OP doesn’t have the super charger or air suspension. But the AC evaporator, sensus screen, instrument cluster, headlamp assemblies (electronic and moving parts) all have reports or crapping out. It’s all about how long the OP wants to keep the car and how much cash on hand they have to inevitably spend on the car.

 

Have to add in the parking sensors. The constant errors they display has been going on for four years too. BLIS, parking sensor errors, and USB connection errors have occurred as recently as this week. Been address several times. Very frustrating.

 

You're gonna have a blast. The V60 CC is a great car, though so is your XC70! Was just talking with @LarryM about his.

They are different, the XC70 is more rugged and classic whilst the V60 is more refined in a modern way, IMHO.

If you're getting the car soon, realize that the extended warranty will always be cheaper sooner. I waited to get mine and of course the cost went up and the coverage was slightly less.

That said, there good points of view above. You have to decide what will work best for you and your frame of mind. I went with the extended so I worry less about the sunroof or the complex electrical parts breaking. if you can, I would do both. e.g. get the extended coverage AND set aside money into an index fund for repairs/the next car.

p.s. most important thing you can do is to have some fun in the new wagon!

 

There's no question that I will enjoy this wagon (at least I certainly hope not!)

 

2022 V60CC here. One thing to check is the seal around the sunroof. It is known to shrink, have large gaps and let gunk in that blocks the roof drain. This can cause water incursion and interior flooding. Mine had gaps of about one inch on each side. The seal was just replaced at the dealer under factory warranty. Other than that, the car has been solid. Bought it 15 months ago with 13k miles and just passed 24k.

 

The wild thing is this isn’t covered by any extended warranty. It’s even a fight under factory warranty.

 

Yes! Watch for shrinkage!

I got the moonroof seals replaced on both of our Volvos last Spring under the standard warranty. My dealer replaced both without an issue.

 

I still have a week to mull it over, but right now I'm leaning towards not getting the extended warranty.

I'll have 22 months of coverage as it is, and while repairs aren't cheap it seems like the cost/benefit isn't really there... Unless of course I get a dud.

Thanks all for taking the time to answer my questions. I'll be sad to part with my P3 XC70 T6 but I'm looking forward to the V60CC. Now I just hope that my spouse likes driving it more than the XC70.

 

I'll be sad to part with my P3 XC70 T6 but I'm looking forward to the V60CC. Now I just hope that my spouse likes driving it more than the XC70.

Handles better, more comfortable, better tech, more efficient, amazing headlights - there's not much to not like with these cars, all at the expense of a little storage capacity.

 

And you can store some chilled paninis in the glovebox!

 

Wow, does the V60CC have that feature?