High residual value predicted for the new Volvo XC60
Innovative features, jazzy styles and attractive equipment have raised the appeal of new Volvo XC60. As per the predictions of value guide CAP, Volvo185bhp D5 SE and XC60 163bhp 2.4D models would fetch trade value of 45% of new price which equals to £12, 00 and £11,675 respectively.
EurotaxGlass has predicted that Volvo XC60 2.4D SE will fetch 46% of its cost new price on 3 year per 60,000 miles per annum, and 47% residual value for the D5 SE amounting to £12,450. This prediction of residual value vaults Volvo XC60 to the sector’s top bracket, equalling BMW X3 value and beating Land Rover Freelander.
The high residual value has great impact on the competitive fleet market. Car, which has more worth in three or four years, costs lower in the monthly hire - both for personal or business leasing. Retail buyers who purchase car on Personal Contract Purchase also benefit from higher residual value
According to Jason King of EurotaxGlass, the 4×4 market has been affected by the slump in the used car prices, but the XC60 with its high standard of performance and modern styling, would succeed in the used car market.
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