I bought brand new. I wanted zero headache and it was my first brand new car.
I will not buy brand new again in this price range. It would have to be a cheap/more basic car otherwise a couple of years old used.

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I concur. I believe "gently or slightly used" trumps new. Exactly why I bought a loaner. I couldn't imagine throwing away an extra $15,000 Dollars to say "Look at my NEVER DRIVEN" car. I understand the desire to customize and get the necessary features. However, there are often enough stock of the previous year to find the vehicle of choice.

I.E. in 2016 you get a 2015.5 Loaner... or wait a few months and you find plenty of 2016 loaners.

 

I got a loaner that apparently was never used as a loaner, only had a few test drives on it. 60 miles when purchased, and 10 of them were mine. I got the CPO warranty too so those 50K-100K miles will be covered. Saved somewhere around 9K off sticker for basically a brand new car that never saw any loaner joyriding. Can't complain about that!

 

Wow you hit pay dirt. What year, make, and model? Packages / Options?

 

We bought new as we always have but this time, I think it was a mistake because of the depreciation. I now realize that the lease rates are a good indication of how much depreciation the manufacturer expects a car to have over the life of the lease. In our case, the car payments(5 year loan) have barely kept up with the depreciation in the 2 1/2 years we've owned the car.
I really enjoy driving my car but we've come to realize that the lack of rear seat room and limited hauling capacity mean that we might start looking to replace it in the near future. Either the V90 or XC90 are high on the list but only if Volvo gets a handle on all of the issues. We live about an hour from the nearest Volvo dealer and whose service department gets low marks from me so I don't want to have to keep running back there with problems.

 

1. I use to drive a V40 and loved the amount of room. I could hall next to anything in the trunk space. Put the seats down and Man o Man that storage capacity rocked.
Is the V60 smaller than a v40 or do you have a growing family?

2. Another reason I bought a Demo / Loaner CPO. Think of buying a house. You take out a loan for $120,000 and pay it over 15-30 years. Chances are your house will either remain stagnant or appreciate sans another Great Recession or area going to crap.

Apply that same scenario to a car. Get a $45,000 Bank loan for 5 years. The $45,000 is going towards a rapidly depreciating asset. It's almost like throwing away money because once the car leaves the lot, depreciation begins. So why not let a huge chunk be eaten by the dealer first.

3. You can find XC90 / S90 demos within a few months of launch being sold as demo / loaners with CPO.

 

1. Brand New - and don't care about depreciation.

Plan on keeping it 10+ years. 3.3 yrs old, 33K miles on it now. Spent close to $6K on wheels/tires/2 different spring-shock setups, etc (see my sig line). Plan on spending more as I don't know enough to STOP! Chip and exhaust next.

 

Maybe that's a "Sub Category". Bought new, intend to keep it long term. So I don't care about devaluation. I'll pimp my ride or drive the car til it dies.

 

I bought new, there weren't any used P3 T5's at that time and I needed to get out of that VW. Paid cash, don't care about depreciation as I keep cars for a long time and the 5/60 maintenance free deal was amazing! It's been great not having a car payment for the past 6 years. The car still looks and drives like new. I plan on going another 4, at least.

 

Excuse the ignorance, what is the P3 part of the T5? Well then you fit into the sub category. Bought the car, drive til it dies. I got a loaner / demo and intend to do the same.

 

Well.....depreciated more like 20% of list or 16% to us. We bought a $47K '15 S60 R-Design (paid $43.5K) and traded it in a year later for $36.5K. Now that trade was at the same dealer for a new Volvo, so maybe you factor in some good will along with the car being in like new condition?

 

It depends. So you paid $43,500. You got $36,500. So a net loss of $7000. How much did you pay for the new car or was it an even trade? As that factors into the valuation. If the new car was $41,000, then you're really out $7000 + $4500 (new car) or $11,500.

 

I just ordered a 2017 XC90 due in early April. I have a 2014 XC60 immaculate with 13,000 miles on it >2014 Volvo XC60 3.2L FWD Automatic Sun Roof
Ice White Exterior/Sandstone Leather Interior
Platinum Package (Blis+)Technology Package
Heated Front Seats
I will be lucky to sell it for 28,000 based on some sites although none have as low a mileage as mine. Just needed more space but I love this car too Hate the depreciation.

 

You won't get 28K for it, sorry, plus that car is a very hard vehicle to sell
Here are the only ones that went through auction, look at the dates, none around lately

These are actual wholesale auction sale prices not including any fees for 2014s in your spec, Premier Plus 28K is "maybe" dealer retail is prices now are even lower

12/28/16 Manheim Dallas Regular $22,600 29,890 Avg Silver 6G A
09/09/16 Manheim Orlando Lease $23,000 23,696 Avg Black 6G A
08/29/16 Manheim Orlando Lease $23,500 26,006 Above White 6G A
08/16/16 Manheim Orlando Lease $24,700 11,783 Above White 6G A
08/16/16 Manheim Orlando Lease $24,000 24,620 Above Silver 6G A

 

Unless you need or want a very specific car or a very limited production car that's not around "lightly" used, the best deal is to have a dealer friend buy you one at the auction that's either the current year or one year old.
That first year depreciation is a killer on all cars but on Euro cars, especially on the higher end cars, the depreciation is HUGE.
(12 cyl Benz's that cost 140K sell for 80K or so 6 months later!)

The last new car I bought was my 2004 V70R.
Why? Because I wanted one and it did not exist used.

Example: Last June I bought my sister a 2015.5 XC70T6 Platinum and Polestar. It had 20K miles and a small 1" scratch. I paid about 32K for a car that had a MSRP of over 50K!!!

 

Holy ****....How did you score an 2015.5 XC70 T6 Platinum with Polestar for 32K? Was it a Rental Car in a past life? Accident Damage?

My 2015.5 S60 with Convenience, Blindspot, Heated Seats, and CPO ran 31K after TTL.

 

2. Demo / Loaner with or without CPO - I care about saving money and/or that 7 Year 100K CPO provided piece of mind. A few thousand miles at time of Purchase is insignificant if the car has a Clean Carfax.

This was my V60 (2016 T5-E Premier). Bought a few weeks ago with less than 10k miles and certified. Was previously a Volvo corporate car and was well taken care of. Probably saved well over 10k from the sticker price with options included.

3. Used - I don't mind a project car, a vehicle with some wear and tear, or a well price vehicle that's a few years old and hasn't lived a hard life.

This was my C30 (2010 T5 R-Design). Bought about two years ago with 78k miles on one owner. Came with a 30 day and 2000 mile warranty from the dealer which I definitely made use of (new sunroof motor, new windshield, new driver's seatbelt, new trim around the front cup holder...uhhhh full engine cleaning and oil system rebuild...). It sits in my garage a lot and I usually only take it out in the warmer months. Dropped it over 2", added some other handling mods, and Michelin PSS which are now totally shot. It was $16,999 on the lot and I talked them down to $14,400 in the end.

 

This was my V60 (2016 T5-E Premier). Bought a few weeks ago with less than 10k miles and certified. Was previously a Volvo corporate car and was well taken care of. Probably saved well over 10k from the sticker price with options included.

This was my C30 (2010 T5 R-Design). Bought about two years ago with 78k miles on one owner. Came with a 30 day and 2000 mile warranty from the dealer which I definitely made use of (new sunroof motor, new windshield, new driver's seatbelt, new trim around the front cup holder...uhhhh full engine cleaning and oil system rebuild...). It sits in my garage a lot and I usually only take it out in the warmer months. Dropped it over 2", added some other handling mods, and Michelin PSS which are now totally shot. It was $16,999 on the lot and I talked them down to $14,400 in the end.

Nice. V60 AWD or FWD?

You got money's worth on that warranty! How'd you get dealer to make all those repairs? Genuine issues or complained about everything and they fixed?

 

This is a very good thread. I'm very curious to see the ratio among SwedeSpeed Enthusiasts for New / Demo / Used Vehicles.

 

We bought our 2015.5 used ~ 3K on the clock. Dealer would not CPO the car due to the expense.

 

Does it really cost the dealer to CPO a vehicle? Sounds like a Gimmick excuse? All dealership I bought from had to do was slap CPO paperwork on car and said here's your new CPO.

 

I buy new, keep the car for enough years/miles that it is essentially worthless when I'm done anyway. So I'm not particularly concerned about how quickly Volvo depreciates compared to others.

 

This is all very constructive.

While I'm very pleased with the deal we got for a new 2016, KBB is showing its value at about $30,000.

That's $6,000 below what we paid, and $16,000 below sticker.

The car is three months old and has 4,000 miles on it.

(Can I claim another $2k in savings with our zero interest loan?)

In any event, depreciation is very real with Volvo, and this is not the car you'd want to buy new then trade a couple years later.

For us, I'm happy with our decision to purchase new. We tend to hang on to our vehicles for a long time -- seven to nine years seems to be the norm -- and this is one of the rare instances of my wife getting a car with exactly the color, interior and options she wanted. But it's also a reminder of why I typically shop used.

 

I bought a CPO about 7 months ago. 2013 model that was a dealer loaner, the CPO helped get me the 1.99% financing from Volvo.


Now its funny because I'm normally a big believer in leasing new cars (primarily because I'd rather just turn the car over before I had to do any serious maintenance), but I REALLY wanted an R-Design, and a new one was a bit out of budget even through a lease.

 

Bought CPO about 3 months ago

23k miles
1.99% financing
4 years left of bumper to bumper warranty
50% off MSRP

Why wouldn't you do this?

 

Bought CPO about 3 months ago

23k miles
1.99% financing
4 years left of bumper to bumper warranty
50% off MSRP

Why wouldn't you do this?

Right on! High five! :-D

 

New x3 recently, but would consider a CPO on something special (like a Polestar) that was used gently. I'm very skeptical about longer term (>5K miles) dealer loaner cars, as I know how people beat on them, including the staff.

 

I'm very skeptical about longer term (>5K miles) dealer loaner cars, as I know how people beat on them,

I've had higher mileage dealer demo & loaner cars, never a problem. An advantage is that with higher miles, there's usually a better deal to be had. And if something begins to feel "not right" with the car, it would be pretty easy to unload and recover costs.

I worked a solid deal on a Acura TSX loaner. I increasingly began not liking it, not due to anything wrong with the car, it was just too Honda-ish and there were some annoying design oversights.

Six months after purchase, I took it to a different Acura dealer, he bought it back paying off my loan, and I walked down the block to the Audi dealer. Yeah, I was down six months of payments for the 8,000 miles I put on it, but I never felt trapped in the car due to my admittedly hasty purchase decision.

 

Been in both the #1 and the #3 camp. Both our former 2005 S60 and current 2007 XC90 were purchased used. The S60 we just bought private party, the XC90 from a non-Volvo dealership as the V8 Sports are tough to find. Ended up buying a 3-year warranty on the XC90 for peace of mind but the subsequent repair costs didn't actually make up for the price we paid. Oh well, can't complain that the car was MORE reliable than expected. We have a good relationship with a solid indy Volvo repair shop here so I was able to buy older models with confidence that I'd be fairly well taken care of, and even started working on the cars more on my own.

Flash forward to this year, and while the S60 was a great cruiser, there were a few chronic issues that when combined with the dated tech left us wanting for something newer. I had my eye on a CPO 2015.5 S60 T6, but my wife wasn't ready to pull the trigger and it ended up getting sold before we could move on it. All the other subsequent CPO S60s we came across over the next few months were bare bones "beige" former loaners. So, started looking new and had it down to either a leftover 2015.5 or a 2016. Both had the sport package which was a must, but the 2015.5 had hardly any option packages. Despite being offered at ~$8K below sticker, it didn't feel like much of an upgrade tech-wise, and the 2016 had loyalty incentives and 0% financing that they weren't offering on the 2015.5. Plus the 2016 had the Tech Package which doesn't show up too often. In the end, walked out with the 2016 for about $38K before trade-in (sticker was $43600), and we plan on keeping it for a very long time.

 

Is your 2016 S60 AWD or FWD? Autobahn Volvo sells tons and tons of FWDs with platinum package. Hell, they just had a 2016 FWD Inscription Platinum with CPO and 3000 miles listed for 29880. I bought my car this past May, as I'd pick and car and damn the one I wanted sold hour before I made call. Irritating. I didn't end up with the car I really wanted... That one had Climate, Convenience, and Blindspot. I did however get a 2015.5 FWD Premeir with Convenience Package, Blindspot, and Heated Front Seats. At the time, their Platinum S60's were 2000 more and I'd hit my spending limit.

I am happy with purchase, as I got a great deal in retrospect. I'd of loved a Platinum or THAT inscription Platinum. But hell, I've had my car 7.5 months now. You can't be without a car forever waiting on the next hottest deal!

Check out www.autobahn.com and see the selection for yourself.

 

Over the years I have owned 3 Volvos, and all 3 have been CPO.

My most recent one is a 2015 V60 with Platinum trim and a few other goodies. It had 30K miles on it, and I think it ran about 28K$.

The major challenge is that you will have to divide up the options into what you really must have, what would be nice to have, and the rest which is what you don't care about. And then start shopping around - and find something that pushes as many of your must-have buttons as you can find. And be prepared to travel a little bit - don't just look in your local area. You might have to travel to another city.

If you are buying new, you can order from the factory just the way you want, but you will pay for that privilege.

My previous Volvo was (from memory) a 1995 850 sedan with a stick shift. I had seen it on a weekend, and went home to think about it. I went in to see it again the following Monday, which happened to be the end of the month (end of the quarter, actually), and it was snowing. I test drove it a 2nd time - they sent along a rookie salesguy along for the ride, and I asked him whether they were going to meet their sales quota. The kid basically admitted that they needed to sell 2 more and there was someone in the dealership looking at a different car, so they basically told me that I could play hardball on the price.

 

If you are buying new, you can order from the factory just the way you want, but you will pay for that privilege.

And if you're going to order one, seriously consider Overseas Delivery (OSD).

 

Bought new. We buy all our daily driven cars new, wont even consider used or CPO for a daily driver, and the depreciation is never part of the conversation. Dont want someone elses problems, which can happen with new, but if it happens with used or CPO it will always leave lingering doubt. CPO is nice, but if we are taking time off work to go to dealer it isnt worth it for us. Would have to use vacation time, and would rather be on vacation. The exception may be the person who bought the loaner, which wasnt a loaner with only 60 miles.

 

I disagree a bit. My loaner had 2200 miles. Sure, there's potential for problems, but that 6-7YR / 100,000 (or remaining miles) is a nice piece of mind. It's not like Volvo can sell you a lemon and wash their hands of the mess. If you buy a CPO and the car turns into a train wreck with multitudes of issues, Volvo does have to repair the vehicle or replace a lemon.

I'll never buy new and always go CPO!

 

I bought a 2015.5 V60 CPO had 70 miles 10-15 were mine Got the 7/100 warranty on it and had them throw in a oil change just to be safe. Also, got around 25% off the wagon. I wanted the climate package and FWD drive-e so that was the best one I could find. So far love the car!

 

i have only bought 1 new volvo in my life. a 2001 s60 2.4t.
all the rest have been bought used. 1999 s70, 2001 v70 t5 (CPO), 2006 xc90 2.5t (we still have, CPO), 2006 s60 awd (dealer, non CPO), 2009 xc70 awd (CPO), 2015 v60 t5 awd (CPO - just got it)

 

Bought both Volvos new thought the OSD program and plan to keep them both a very long time. The last vehicle I owned and sold had 165K miles/12 years old and was an easy sale......

 

Always used ... for those who think buying new prevents headaches, just read some of the posts from folks who bought new XC90's. Recall after recall, update after update.

 

New and 1st year all new model new are different things. Bought a first year new model Audi, and it was a horror show, same with a first year Scion. Now we buy new but never a 1st model year. Even so, atleast the XC90 problems can be mentally attributed to growing pains, where the sucker who buys a 1st year XC90 in 3 years, may be still dealing with lingering issues or all of the issues if the owner never took care of them, and now has to invest tons of time to repair something that they wouldnt have to if they bought new. New isnt for everyone, but IMO it does carry more peace of mind.

 

I started talking about Volvo Depreciation in another thread, and thought the topic warranted its own discussion. Volvo's lose over 34% of their value in first year depreciation. So that $45,000 new car purchase becomes ~$30,000 within 12 Months.

I think that's overstating the depreciation a bit, as Volvo's seem to sell for a pretty steep discount from MSRP compared to many other brands...

 

New '16 V60 RD 3.0 T6 in late 2015 - first new car/Volvo in 12 years (2 previous were well used)
Big depreciation numbers are off list, but we payed about 12% less than list despite special ordering the car since there were no 15.5 V60s left fully equipped as we wanted (everything except booster seats and 19" wheels).
Love the car but thinking of 'recycling' it through the dealer later this year when they do the free CPO warranty and 0% financing again. We would sell it back to them and buy it back used for a small mark-up [emoji41]

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Love the car but thinking of 'recycling' it through the dealer later this year when they do the free CPO warranty and 0% financing again. We would sell it back to them and buy it back used for a small mark-up [emoji41]

Never heard of this before. Interesting!