Unlike other websites and magazines, our ratings are not based solely on a singular road test, but rather a more encompassing batch of criteria: quality, safety, comfort, performance, fuel economy, reliability history and value. When comparing vehicles using our Rating System, it's important to note that the rating earned by each vehicle correlates only to the models within its class. For example, a compact car cannot be compared to a SUV—They are different vehicles altogether.
You can interpret our ratings in the following way:
5-Star: Outstanding vehicle. Only the most exceptional vehicles achieve this rating.
4-Star: Very Good vehicle. Very good and close to being the best vehicle in its class.
3-Star: Good vehicle. Decent, but not quite the best. Often affordable, but lacking key features found in vehicles of the same class.
2-Star: Below average vehicle. Not recommended, and lacking attributes a car buyer would come to expect for the price.
1-Star: Poor vehicle. Simply does not deserve to be on the road.
In with the 2021s:
The carryover 2021 S60 has started arriving at dealers nationwide. The plug-in hybrid version is now called the T8 Recharge and carries a lower MSRP.
The 2020 S60 remains on sale in good numbers. Volvo has been diligent about keeping up with brisk demand for the S60, although it still isn't as easy to find as the brand's crossovers.
Buyers of the 2020 T8 eAWD and 2021 T8 Recharge are eligible for federal tax credit up to $5,419. The plug-ins no longer qualify for the $1,000 California Clean Vehicle Rebate due to stricter electric range requirements.
Current factory offers vary by region and will remain in effect through September 8, 2020. Examples shown here are for California and other western states.
Up to $5,000 off:
Every 2020 S60 now comes with a $3,000 rebate for all buyers. The amount on the 2021 S60 is $2,000, a generous offer for this early stage. Both rebates reflect a $500 Labor Day bonus.
In addition, current Volvo customers will get a $2,000 loyalty bonus when purchasing a 2020 S60, or $1,000 towards a lease. The loyalty bonus on the 2021 S60 is $1,000/$500.
Like last month, the front-drive 2020 S60 T5 in base Momentum trim starts at $299 for 36 months (10,000 miles a year) with $3,599 due at signing. The effective monthly cost is $399, an excellent value for this price class and one of the best leases on any luxury car this month.
The line-topping 2020 T8 R-Design AWD starts at $499 a month with $3,799 at signing. The effective monthly cost is $605, which is also excellent considering this model's higher MSRP.
The 2021 T5 Momentum goes for $339 a month with $3,639 at signing. The effective monthly cost works out to $440, a good value in our analysis.
Even so, value is better on the 2021 T8 Recharge R-Design, which starts at $475 a month with $3,775 down. That's an excellent value relative to MSRP.
0% APR + cash:
Instead of the standard rebate on 2020 S60, Volvo offers 0% financing for 60 months, plus $1,500 bonus cash. You can combine it with the loyalty bonus if you qualify.
The best APR deal available on the 2021 S6 is 0% for 36 months, plus $500 bonus cash.
This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.
Prices vary by style
|Bonus Cash Purchase Bonus Cash (Expires 9/30/20) Customer Rebate: Customers must take delivery of this vehicle prior to the expiration date to be eligible for this manufacturer rebate. This rebate may not be available on special factory orders or used in conjunction with special manufacturer financing or leasing programs. Other special financing programs may be available. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Lease purchases are excluded from this incentive||$2,000|
|Loyalty Bonus Cash SR Loyalty Bonus - Purchase (Expires 9/30/20) For current owners of the same make. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Individuals or members of the same household who currently owns/leases any model year Volvo or Saab vehicle OR has owned/leased either within the last 6 months.||$1,000|
|Promotional APR Offer Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Residents residing in qualifying regions of the United States. O.A.C. %Qualification% Retired service loaners and demonstrators are eligible for this program.|
Term(s)24 - 3637 - 60
Eligibility Residents residing in qualifying regions of the United States. O.A.C.
|Lease Bonus Cash VCFS Lease Bonus Cash (Expires 9/30/20) Bonus cash available for qualified customers leasing a vehicle through the manufacturer's captive finance company on approved credit. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Must be leased through Volvo Car Financial Services.||$3,500|
|Lease Loyalty Bonus Cash SR Loyalty Bonus - Lease (Expires 9/30/20) Lease loyalty bonus cash available for current lessees of the same make. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% For current VCFS lease end retention customers, the loyalty allowance in only available with a Lease Payoff. %Qualification% Individuals or members of the same household who currently owns/leases any model year Volvo or Saab vehicle OR has owned/leased either within the last 6 months.||$500|
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