Volvo XC40 vs Volvo XC60: costs

Buying and owning

Costs, equipment, reliability, safety and security

You can save at least £2626 on the XC60 if you use our New Car Buying service, compared with £1963 on the XC40, but that still makes the latter £7k cheaper, and it extends its financial advantage over a typical ownership period.

Not only is the XC40 cheaper to run, because it sits in a lower insurance group (23 versus 35) and has slightly better fuel economy (38.7mpg versus 38.1 in official tests), but it will cost you considerably less in depreciation. Indeed, after three years and 36,000 miles it should still be worth 59% of its original value, whereas the XC60 hangs onto only 43%.

Things are closer if you’re buying on PCP finance, albeit with the XC40 still coming out on top; it will cost you £329 per month, which is £16 less than the XC60 (based on a 48-month deal with a 15% deposit and an 8000-mile annual mileage limit).

Alternatively, if you prefer to lease, you’re looking at £321 per month for the XC40 and £359 for the XC60. And while both cars sit in the 36% company car tax band, the XC40 is once again the more affordable option, thanks to its lower BIK value.

Both cars come equipped with dual-zone climate control, keyless start, automatic lights and wipers, and cruise control, while the XC40 adds part leather and part suede seats, and the XC60 full leather.

Both also come with an automatic emergency braking system that can recognise cyclists, pedestrians and large animals, in addition to other cars. And both earned Euro NCAP’s maximum five-star safety rating, albeit with the XC60 having slightly higher child occupant and pedestrian protection scores.

In the 2020 What Car? Reliability Survey, petrol XC40s performed well, finishing fifth in the family SUV class, with a 97.5% rating. The XC60 was 10th in the large SUV class, with a still creditable 94.8% rating.

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