How much are car repayments on a Volvo V60?
South Africans are not fans of station wagons and it's something which boggles the minds of many a motoring writer. The Volvo V60 overflows with style, luxury and safety. As SUV prices rise, the Volvo V60 is an attractive alternative, but what are you going to pay for one?
A closer look at the Volvo V60
The Volvo V60 launched in 2011 and was a popular choice the world over. The V60 came in two forms; a conventional station wagon and a Cross Country. The Cross Country was a sort of beefed-up version and gained items such as a higher ground clearance (it was increased by 65mm), skid plates in the front and rear, side scuff plates and black fender extenders as well as all-wheel drive. Unfortunately, the V60 range wasn’t much of a hit on local soil and Volvo South Africa decided to cut it from the range. It is, however, available on the used market and should definitely be considered, as it offers serious value.
The V60 model range offers impressive space despite its somewhat compact dimensions, a luggage capacity of 430 litres, as well as an impressive interior design. It was also one of the first cars to offer a digital instrument cluster, which was also changeable depending on the driving mode; Normal, Sport and Eco.
The V60 also features a host of safety items such as 6 airbags as standard, ISOFIX child seat mounts, ABS and EBD as well as traction control. Being a Volvo it also boasts a five star NCAP safety rating.
Under the bonnet, customers have a choice of either a petrol or a diesel motor. The petrol offering comes in the form of the 224kW T6 and the diesel offering in the form of the D5 model which develops around 151kW of power. The T5 petrol model develops 177kW from a 2.0-litre motor. The entry-level diesel engine is D4 diesel which develops 133kW and consumes a claimed 3.0 litres per 100km. All of these models are available on our used-car listings here.
As for the Cross Country models, one has a choice between the D4 which develops 140kW and 420Nm and the T5, sporting a powerful 187kW/360Nm turbocharged petrol unit. Browse Cross Country models here.
How much will it cost per month?
Price is everything these days and with the price of SUVs going up, customers are looking for more cost-effective options. The Volvo V60 is one such option. Our search on AutoTraderSA resulted in around 30 Volvo V60 listings with the most expensive being R159 950. This happens to be the flagship in the range, the T6 AWD R-Design.
Using the finance calculator, we managed to get a monthly instalment of R2 746.23 over 72 months with the current interest rate of 7.75% and a zero deposit value. The same vehicle over a shorter term of 54 months resulted in R3 480.31 per month.
What about a cheaper option?
One of the cheapest options is a Volvo V60 D5 with 149 000km on the clock. This model has a listing price of R129 990. That figure resulted in a monthly instalment of R2 231.84 over 72 months with the same interest rate as above. Over a shorter period of 54 months, one can expect to pay R2 828.42.
I want one that can get dirty!
Our searches lead us to a 2019 Volvo V60 Cross Country in D4 Momentum guise. These models tend to hold their value much better than the rest of the offerings. The listed price for this specific model is R399 900. Crunching the numbers the potential monthly repayment will be about R6 867.71 over a 72 month period with an interest rate of 7.75%.
Verdict
The Volvo V60 is well-worth considering, especially when you take into account the monthly repayment and the impressive amount of car you will get for the money. If you had to spend R160 000 on a new car, you'd be driving off in a budget hatchback.
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