The new Volvo S60 – Volvo’s new sibling for the V60 estate – comes with residual values equal to the best-in-class. So leasing should be good value.
It’s 10 months since the new Volvo S60 was revealed, but it’s only now starting to appear in the UK. And if you fancy one then there’s good news – it’s been given extremely favourable residual values by CAP, meaning lease costs should be very competitive.
The initial S60 model – the S60 T5 R-Design Edition – has been given a residual value of 46 per cent after three years and 30,000 miles, beating comparable models including the Audi A4 (42 per cent), Mercedes C-Class (40 per cent) and equal to the class-leading BMW 3 Series.
Residual values are still pretty good even if you do high mileage, with a 60,000 value of 39 per cent, again beating Audi and Mercedes and on a par with the BMW.
It all adds up to some pretty decent car leasing costs for the S60, with Volvo offering the aforementioned S60 R-Design Edition at £299 a month (although that’s after a £7,650 deposit, so the true monthly cost is £458).
Matt Galvin, Volvo’s UK sales director, said:
The new S60 completes the refresh of the entire Volvo product portfolio, giving us one of the youngest model ranges in the industry. We’re confident that this stunning new saloon will also enable Volvo to maintain its title as the UK’s fastest-growing premium car brand.
Of course, there will also be cheaper lease offerings for the S60 once Volvo get round to offering more than just the high spec launch edition.