2024 Volvo S60 Prices, Deals and Lease Options

Are Volvo S60 Lease Deals Any Good?

The Volvo S60 used to consistently be ranked among the best cars to lease. However, it's been quite some time since Volvo had a competitive lease on this model.

Fortunately, the Volvo S60 Recharge does offer discounts that you can't get on the standard S60 by virtue of the fact that it's a plug-in hybrid. In some cases, we think this could make the S60 plug-in a better deal than the gas version.

Volvo S60 lease specials usually change at the start of the month and can differ based on where you live.

Volvo S60 Tax Credit

The Volvo S60 Recharge is built overseas and is therefore ineligible for a federal tax credit. Changes stemming from the Inflation Reduction Act now enable cars assembled in North America to have a major advantage.

Having said that, a loophole allows Volvo to pass along savings from a commercial tax credit when the plug-in hybrid is leased. Odds are that the S60 Recharge could be better to lease than the S60 as a result.

Volvo Loyalty Discounts

Volvo reliably offers loyalty discounts in most parts of the country. On the Volvo S60, it's typically worth $1,000 when leasing and $500 when buying.

If you think you may be eligible, be sure to check with your local dealer for customized pricing.

Volvo sometimes increases its loyalty discount toward the end of the model year or around major holidays, so be on the lookout for deals if the time is right.