Thoughts on this Volvo V60 deal?

Hi there,

I have a 2014 Volvo v60 R-Design D3 with 124,555 miles on the clock and I've seen an ex-demo Volvo V60 R-Design D3. I got talking to the sales man and here is what he emailed me:

"Hi Pauric,

As promised, see below figures for demo model V60 R-Design. This car is €7k less compared to new so a very good saving and no mileage on the car. Retail price €46,500. Trade Nov 2020 €12,250.  Cost before settlement €34,250. Settlement €9,871.91, valid until 30.11.20 with €4,400 down payment."

Is this a deal if a lifetime? Or should I walk away?

Pauric Mc Ginley (Killybegs)

Nov 2020 Filed under: choosing used car

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Expert answer

Hi Pauric,

Not sure about ‘deal of a lifetime’ but it certainly sounds pretty solid from what you’ve told us. Obviously, be careful to read the fine print of any deal regarding monthly payments and so on, and to make sure that you’re happy with the terms and conditions, whether it’s a PCP deal or Hire Purchase. The V60 is definitely one of our favourite cars, and the D3 diesel is ideal if you’re doing high regular mileage (which from the sounds of the car you’re trading in, you do).

Just remember that, being an ex-demo, you’re going to be the second name on the logbook not the first, so come resale time that will have a small effect on the trade-in value, although if you keep it for long enough that will be negligible.

Neil Briscoe - Complete Car Advisor