Volvo XC60 as a High Yield Investment

Kaz0551 on 16/06/2022 - 09:29
Last edited 16/06/2022 - 09:36

My current high yield investment is aging and not returning the gains the once did, so it's time to downsize.

Current High Yield Investment; 2001 Landcruiser which is doing $30/100kms. Car was great during multiple renovations and moves but now it's just too big for its own good.

I've recently been spammed with Volvos, I am liking the XC60/90 as they have the integrated rear booster seat. I'm a newly single dad with 50/50 share of the kids, so the thought of not needing the car seats in the back is a pretty awesome prospect.

Used XC60 Pricing
2013: 20k
2015 32k
2018 45k
2019 55k
2020 72k

How would you rate the Volvo as a HYI? Expensive to maintain? Internets says 8L/100kms ($12-16/100kms) which is half my current outgoings. My only concern after seeing one is that they are a bit big… but compared to the LC it is a downsize.

Automotive Car SUV Volvo

Comments

  • gaz3342 on 16/06/2022 - 09:32
    +9

    You can expect annual gains of 40-60% on your initial investment, especially if you buy brand new and opt for the special dealer mats and paint protection.

  • DashCam AKA Rolts on 16/06/2022 - 09:37
    +2

    Semi-envy badge.

  • pegaxs on 16/06/2022 - 09:40

    Christ, for that sort of money, you could get a newer, low km Outlander for that price. Bland AF, easy to service, easy and cheap to get parts for, lots of dealers around and reliable.

    I just don't get this forums fascination with Euro trashwagens.

    • Kaz0551 on 16/06/2022 - 09:42
      +2

      Integrated car seats!!

      • pegaxs on 16/06/2022 - 09:43
        +7

        I am 100% sure the Outlander comes with "Integrated car seats"… In fact, I think that is is an ADR requirement that ALL cars come with "integrated car seats".

        • Kaz0551 on 16/06/2022 - 09:47
          +3

          Booster seat more specifically.

          • pegaxs on 16/06/2022 - 09:49
            +2

            @Kaz0551: Well, yeah, sure, I'm now sold. You've convinced me. I would certainly throw another $30k at a car because of "booster seats"…

            • djones145 on 16/06/2022 - 10:58

              @pegaxs: if it has fluffy dice i would pay an extra 100k

          • djones145 on 16/06/2022 - 10:54
            -1

            @Kaz0551: how old, heavy and tall are your kids

            u can get cheap ones (with better support) and fold-able for 100 bucks (as long as they are around 8 years old, and heavy and tall)

            • Kaz0551 on 16/06/2022 - 11:21

              @djones145: 4 and 6… my weight guess was way off based on charts. Haven't bought scales for the new place yet. Creditcard needs a break :(

            • kale chips suck on 17/06/2022 - 09:57
              -1

              @djones145: Seems cheap for a kid

              • djones145 on 18/06/2022 - 21:13

                @kale chips suck: this is for a booster
                u get car seats for 0 to 4 and then 6 months to 8 years

                after that u get a booster which is just something to boost them up so the normal seat belt can be used

                • kale chips suck on 19/06/2022 - 14:21

                  @djones145: Mate, it was a joke. You wrote the comment I replied to in such a way that it could be interpreted that kids were $100.

      • Roll Eyes on 17/06/2022 - 11:26
        +2

        If you want feedback from people who actually own the vehicle then the info given in the other comments is generally true. Probably best join a Facebook group for whichever car you are considering to see if there’s any common issues. I have the 90 but the fuel consumption figure is accurate. Mine just clicked over 420000kms. I’m not sure of servicing costs because I do my own. Great cars but I don’t think I’d choose one JUST for the booster seats, although they are a great thing and easy to use.

    • Muzeeb on 16/06/2022 - 09:42
      +12

      Euro trashwagens.

      Chino trashwagen in this case

      • pegaxs on 16/06/2022 - 09:46
        -3

        That's even worse. Euro engineered cars made in China by the cheapest labour. Already have a company that doesn't give a (fropanity) about quality control, getting their cars built by factories that done give a (fropanity) about quality control.

        • haydio on 16/06/2022 - 10:16
          +3

          My 2022 V60 Cross Country was made in Sweden

          • Muzeeb on 16/06/2022 - 10:41
            +3

            @haydio: That's not an XC60

            • haydio on 16/06/2022 - 19:35
              +1

              @Muzeeb: It's still a Volvo

              • Muzeeb on 16/06/2022 - 20:16
                +1

                @haydio: A Volvo model that is not made in China

          • BenzMan on 17/06/2022 - 07:58
            +2

            @haydio: It's ASSEMBLED in Sweden. Not made.

            • pegaxs on 17/06/2022 - 11:25
              +2

              @BenzMan: Basically this. They are sold in what is known as CKD or "Complete Knock Down". They basically make the car in China. Take most of the parts off it and ship it like a massive Ikea/Lego/Mechano set to Sweden and then put it back together there.

              It's usually done to dodge some form of legal loophole or tariff on imported goods. As a CKD, they can "claim" it was "Made in Sweden" when the fact of it is is that it was "made" somewhere else, and only just "assembled" in Sweden.

              • BenzMan on 20/06/2022 - 10:28

                @pegaxs: I know this.
                No need to explain it to me.

    • Kaz0551 on 16/06/2022 - 09:43

      I was initially thinking BYD Atto3 but my car park doesn't have close proximity power point or charger.

      • pegaxs on 16/06/2022 - 09:47

        But but but… what about your "iNteGrAtEd CaR sEaTz!!"

        • Kaz0551 on 16/06/2022 - 09:57

          IF I had access to my old residence and IF I tapped into my off peak meter then an EV would be awesome. Charge at night for 7c/kWh. But it was not meant to be. Sigh.

  • SF3 on 16/06/2022 - 09:50
    +1

    Internets says 8L/100kms

    Very much doubt it, especially urban/city driving.

  • Euphemistic on 16/06/2022 - 09:51
    +3

    You’ve got a 20yo car. Step up to the smallest 10yo Japanese car you can live with.

    Might as well sell the cruiser now, prices are perfect for sellers.

  • Kaz0551 on 16/06/2022 - 09:56

    Though crowd today. But it seems the XC60 is not recommended as a HYI.

  • Presence on 16/06/2022 - 09:59
    +1

    Contemplating buying a nearly ten year old European luxury SUV? Hand your OzBargain badge back!

  • Seraphin7 on 16/06/2022 - 10:02
    +6

    The XC60/90 are great cars. The 60 is obviously the smaller of the the two … I wouldn't call the 60 a "big car" by any stretch.

    Whether or not other vehicles may suit your needs is open, but you'll certainly be happy with either of those.

  • nubzy on 16/06/2022 - 10:15
    +4

    Great car OP. Ignore the ignorant comments on here.

  • brendanm on 16/06/2022 - 10:23
    +1

    Get a touareg instead.

  • w3dge on 16/06/2022 - 10:30
    +5

    My Wife got a 2016 XC60 on runout a few years ago, diesel r-design. It was actually quite good, no real issues, used a bit of diesel although don't remember average, got used to the Volvo peculiarities and liked the car. Serviced independently it was euro standard servicing cost. It got written off and since she liked her Volvo's now, we decided to get a Hybrid XC60 to replace it. Didn't know at the time, but it was China built. Terrible build quality, panel gaps, heaps of minor issues continuously, dealer is useless at fixing anything and Volvo Australia also seem pretty useless. Car itself is nice i guess, but we won't do another.

    So, don't buy a China built one :) (i guess they may be better now)

    P.S. i didn't do a massive amount of research, but i don't think the integrated booster is as useful in Aus as it is in other countries. I think they have H seatbelts for other countries which we aren't allowed here, so it limits the ages greatly which can benefit. if you have a young child often in the car, you probably also just want the safety of a real booster seat.

    P.P.S. For anybody curious on PHEV in the real world, i can say, for us, the 40Km was enough for the daily work roundtrip, which meant we used around 1L/100Km average for workday commutes (Electric motor is slow so we used some petrol) and 3.5l/km with our limited driving as combined average. Its been two years now though and its lucky to do 25Km on battery alone, which means we average 4.5l/km now combined. You would never save money in this arrangement as far as i can tell as the initial cost is so high although the driving experience is nice due to the electric torque.

    • Kaz0551 on 16/06/2022 - 10:39
      +1

      Thanks for that! Looks like the booster is legally compliant for 4+ years. Mine are 4 and 6 so that's a win.

      • djones145 on 16/06/2022 - 10:57
        +1

        from the website
        The child seat is approved for children who weigh 15-36 kg (33-80 lbs) and are at least 95 cm (37 inches) tall.

        i have views but i'm quite risk adverse now (although back when i was a kid, we had 6 young kids in the back without seat belts… lol)

        • Muzeeb on 16/06/2022 - 11:11
          +2

          i'm quite risk adverse

          That's could be dangerous. May I suggest you be more risk averse.

        • Kaz0551 on 16/06/2022 - 11:11

          36kg isn't much =/

          • djones145 on 16/06/2022 - 13:01

            @Kaz0551: well after they get to that weight, u acn move the booster back to normal and they can sit normally in the car seat
            the point of the booster is to raise them up so the seat belt is sitting properly, near the shoulder
            The weight part comes into play as boosters are usually not bolted down, just to raise them a bit so the heavier they are the better

            you could get away with the 6 year old in a booster, but i would consider a car seat for the 4 year old. but that is your choice!

            if u are spending 50k on a high yield investment, whats 300 bucks for a high yield (one day) kid!

  • hothed on 16/06/2022 - 10:43
    +1

    Mazda 6 wagon.
    Cheaper to purchase, cheaper to service, cheaper to insure, highly specified, better fuel economy, more boot space than XC60

  • pharkurnell on 16/06/2022 - 10:54
    -6

    I havent seen a Volvo on the road or a dealership in … lots and lots of years…. didnt know they were still selling in AU. Must be a good thing.

    • Kaz0551 on 16/06/2022 - 10:55
      +5

      I see Volvos everywhere in my hood!

      • pharkurnell on 16/06/2022 - 10:56

        So you and a couple of kids and no missus - Why wouldn't an i30 suffice?

        • Kaz0551 on 16/06/2022 - 11:10
          +2

          Maybe, possibly… but coming from a big car, going that small makes me a bit anxious.

        • Kaz0551 on 16/06/2022 - 11:14
          +1

          What if my next partner has a kid or two… need to plan for that.

          • Muzeeb on 16/06/2022 - 11:23
            +1

            @Kaz0551: Sounds to me like you have a particular lady in mind. I hope she likes Volvo's.

    • GG57 on 16/06/2022 - 10:59
      +7

      I havent seen a Volvo on the road … in … lots and lots of years

      Don't get out much? I see them everywhere I go.

    • haydio on 16/06/2022 - 20:01
      +3

      Where do you live? The XC40 electric was Australia’s best-selling electric in April…

  • tsunamisurfer on 16/06/2022 - 11:22

    I really wanted the XC60 when I was in the market for an SUV years ago.

    Then I realised it was Mainland Chinese run.

    That killed it.

    • Kaz0551 on 16/06/2022 - 11:24
      -1

      Where Is the Volvo XC60 Made for the Australian Market?
      The Volvo XC60 models manufactured for the Australian market are built in China.

      The cars are built, assembled, and shipped to Australia.

      Volvo does have a factory based in Brisbane; however, this factory is solely focused on producing Volvo trucks.

      • haydio on 16/06/2022 - 19:58
        +3

        Volvo Car and Volvo Truck are two separate companies without any ties other than name.

  • Drakesy on 16/06/2022 - 11:23
    -4

    I'd go an XC60 if i had to drive a euro, somewhat more reliable and just as nice.

    Would stay away from the Audis,VW's, Porsches, BMWS, Mercedes.

  • netjock on 16/06/2022 - 11:52
    -1

    Corolla Cross Hybrid. Then you have $30k left for a booster seat.

    • Kaz0551 on 16/06/2022 - 12:03

      Doesn't look too bad… 3 sites didn't have a RRP. Do you know where it's priced?

  • DR-JEKL on 16/06/2022 - 13:17
    +2

    I love the volvo XC styling, but TBH you'd be better off with something like a VW passat wagon.

    The TDI are reasonably efficient and they have loads of room (i'm 6'7 and find it great) back seat has optional integrated booster seats and cargo space is spacious.

  • Bid Sniper on 16/06/2022 - 13:57
    +1

    Go Hyundai Kona N performance with change. Resale would be way better and not flacid.

  • Drj55 on 17/06/2022 - 07:59
    +6

    My wife has a 1year old Xc60 inscription. Two in fact as one got squished by a tree. I found the fit and finish to be absolutely perfect on both. With 2 packs its full of luxury techno features: pano roof, heated leather memory seats (super comfy), lane assist, 360 camera, cross traffic alert, great sound system etc etc. For some reason the kids love those back seats but I think the fold up part looks a bit shallow. Despite size it's quite zippy. Looks great, especially the front end. Much cheaper than equiv GLC, X5, lexus, disco etc. Toureg on it came in diesel. Only a bit more than top cx9. 5 years free servicing.

    All in all we love it. It's a bit sad Volvo got bought by greely but at least that means they pulled through unlike Saab. I think they're going from strength to strength with the new capital

  • golfer dad on 17/06/2022 - 10:44
    +1

    I had the first model Volvo XC60 T6 for 5 years and had no troubles whatsoever. I only had to change the battery and tyres in the 5 years. My company is on their corporate list which gave me 5 years of free servicing. I choose it for it's look, performance and features (optioned up with the sunroof, etc). Yes, some unique or less common features such as the booster seats and door mounted air vents added to it's appeal. Note you should only use the booster seats for children above a certain age but it is defintiely very convenient and ensure the space of the middle seat isn't eaten into by a child seat on either side of it. I don't know if the current model is made in the same factory as the first model.

  • Bensonzaclucy on 17/06/2022 - 11:09
    +6

    Take advice lightly from those who have not owned a xc60, or even a Volvo mate.
    Everyone here is indoctrinated to love only a Camry.

    I have a 2009 P3 V70 with almost 200k kms (aka delivery miles) and its been the most reliable, comfortable and refined car i have owned.
    The built in booster seats are awesome as the car becomes so much more versatile to take kids, adults, luggage and folding the rear seats down without having to take anything out. Not sure if the xc60s also have side laminated glass too… but they make a huge difference.
    I have a T6 model with a polestar upgrade so fuel eccomony isnt the best (seeing 10l/100) but i do give it the beans on occasion too.
    You get a vote from me!

    • Roll Eyes on 17/06/2022 - 11:31
      +1

      Exactly. Can’t understand the effort some people will go to commenting on something they don’t even have.

  • mlburnian on 18/06/2022 - 01:29

    Better bang for your buck with a s60 or v60

  • DragoBoyz on 18/06/2022 - 12:05

    The integrated seats seem cool and I can understand wanting them but will you use the rear seats for anything else if the child seats are gone anyway? Do you have passengers often?

    May as well get something like an outlander that will still be in warranty by the time the kids have grown out of the seats for the sort of money you are looking at.

  • Alva10 on 24/06/2022 - 16:46
    +1

    I used to work in Volvo, and have also worked in Benz, JLR, Infiniti, and Audi. The XC60 is a great car, especially comparing with the other Euro SUV. They depreciate much slower and more reliable. It's an extreme easy car to drive, and the safety feature that come standards are much more superior compared to other competition. If you want an easy to drive mid size SUV, this will be my first pick. Volvo know they can't sell the brand, so in return, a better-quality vehicle was offered. I personally don't like the made in china stuff too, but the quality is actually pretty good.

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