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2023 Volvo XC60 Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

2023 Volvo XC60 Invoice Price Guide - Holdback - Dealer Cost - MSRP
Price terms Used in this Guide:
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost

Volvo XC60 Pricing for the Momentum, R-Design, Inscription and Recharge Trims

2023 XC60 - Trim: B5 Core - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$43,450
Invoice Price
$40,843
Destination Fee
$1,095
Holdback
$435
Dealer Cost
$41,504
Find the Best Price
2023 XC60 - Trim: B5 Core - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$45,750
Invoice Price
$43,005
Destination Fee
$1,095
Holdback
$458
Dealer Cost
$43,643
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2023 XC60 - Trim: B5 Plus Bright Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$47,700
Invoice Price
$44,838
Destination Fee
$1,095
Holdback
$477
Dealer Cost
$45,456
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2023 XC60 - Trim: B5 Plus Dark Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$47,700
Invoice Price
$44,838
Destination Fee
$1,095
Holdback
$477
Dealer Cost
$45,456
Find the Best Price
2023 XC60 - Trim: B5 Plus Bright Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$50,000
Invoice Price
$47,000
Destination Fee
$1,095
Holdback
$500
Dealer Cost
$47,595
Find the Best Price
2023 XC60 - Trim: B5 Plus Dark Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$50,000
Invoice Price
$47,000
Destination Fee
$1,095
Holdback
$500
Dealer Cost
$47,595
Find the Best Price
2023 XC60 - Trim: B5 Ultimate Bright Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$53,500
Invoice Price
$50,290
Destination Fee
$1,095
Holdback
$535
Dealer Cost
$50,850
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2023 XC60 - Trim: B5 Ultimate Dark Theme - 4-Door SUV with FWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$53,500
Invoice Price
$50,290
Destination Fee
$1,095
Holdback
$535
Dealer Cost
$50,850
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2023 XC60 - Trim: B5 Ultimate Bright Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$55,800
Invoice Price
$52,452
Destination Fee
$1,095
Holdback
$558
Dealer Cost
$52,989
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2023 XC60 - Trim: B5 Ultimate Dark Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$55,800
Invoice Price
$52,452
Destination Fee
$1,095
Holdback
$558
Dealer Cost
$52,989
Find the Best Price
2023 XC60 - Trim: B6 Ultimate Bright Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$59,050
Invoice Price
$55,507
Destination Fee
$1,095
Holdback
$591
Dealer Cost
$56,012
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2023 XC60 - Trim: B6 Ultimate Dark Theme - 4-Door SUV with AWD. Powered by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$59,050
Invoice Price
$55,507
Destination Fee
$1,095
Holdback
$591
Dealer Cost
$56,012
Find the Best Price

Recharge pricing

2023 XC60 Recharge - Trim: Plug-In Hybrid T8 Extended Range Core Bright - 4-Door SUV with eAWD. Powered by a 2L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$57,200
Invoice Price
$53,768
Destination Fee
$1,095
Holdback
$572
Dealer Cost
$54,291
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2023 XC60 Recharge - Trim: Plug-In Hybrid T8 Extended Range Plus Bright - 4-Door SUV with eAWD. Powered by a 2L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$61,450
Invoice Price
$57,763
Destination Fee
$1,095
Holdback
$615
Dealer Cost
$58,244
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2023 XC60 Recharge - Trim: Plug-In Hybrid T8 Extended Range Plus Dark Theme - 4-Door SUV with eAWD. Powered by a 2L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$61,450
Invoice Price
$57,763
Destination Fee
$1,095
Holdback
$615
Dealer Cost
$58,244
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2023 XC60 Recharge - Trim: Plug-In Hybrid T8 Extended Range Ultimate Bri - 4-Door SUV with eAWD. Powered by a 2L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$66,950
Invoice Price
$62,933
Destination Fee
$1,095
Holdback
$670
Dealer Cost
$63,359
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2023 XC60 Recharge - Trim: Plug-In Hybrid T8 Extended Range Ultimate Dar - 4-Door SUV with eAWD. Powered by a 2L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$66,950
Invoice Price
$62,933
Destination Fee
$1,095
Holdback
$670
Dealer Cost
$63,359
Find the Best Price
2023 XC60 Recharge - Trim: Plug-In Hybrid T8 Extended Range Polestar Eng - 4-Door SUV with eAWD. Powered by a 2L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$74,150
Invoice Price
$69,701
Destination Fee
$1,095
Holdback
$742
Dealer Cost
$70,055
Find the Best Price
Price Tip:
To find the best possible price on a new Volvo XC60, shop prices online first. Get up front pricing before you walk into a dealership. We recommend the following free services; Rydeshopper,   Edmunds,   NADAguides,   Motortrend  &   CarsDirect
These services will offer you the lowest prices and supply you with multiple competing price quotes. You will know the best price before you visit the dealer.
How to Calculate The Dealer Cost of a Volvo XC60:

Formula for Calculating Dealer Cost:

  • Example: Base Volvo XC60 invoice price + the dealer Invoice price of options + destination - Holdback = Total Dealer Cost.
  • What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here.)

Volvo XC60 Overview:

The 2022 Volvo XC60 is a key player in the small luxury SUV segment. This Swedish model’s spacious second-row seating and superb interior quality help it to stack up well against the competition. Modern powertrains also promote a pleasing performance. To make the new XC60 a more confidence-inspiring family vehicle, Volvo equips every trim with impactful safety features. Yet another highlight is the SUV’s tasteful exterior styling.

What’s New for 2022?

New powertrains have arrived, which are paired with a mild-hybrid system. Technology lovers will especially enjoy Volvo’s latest Google-powered infotainment system. Meanwhile, an updated front fascia further distinguishes the new XC60 from last year’s model.

What Styles Does It Come In?

Volvo’s small SUV is designed to haul up to five passengers. While trims equipped with the base engine feature standard front-wheel drive, an AWD system is optional. Meanwhile, hybrid-powered models all use an AWD system.

What Are the Available Trims?

The base Momentum trim should get a lot of consideration. It packs enough upscale features to satisfy luxury car shoppers. This trim’s only real downgrade is its cloth upholstery. While dual-zone automatic climate control and a panoramic sunroof come standard, opting for all-wheel drive brings heard front seats. Volvo’s new Google-powered infotainment system features a 9.0-inch vertical touchscreen. Other standard equipment includes a wireless phone charger, Apple CarPlay/Android Auto, a 10-speaker audio system, and digital gauges.

There are some options offered on the entry-level Momentum trim. Drivers who live in cold regions may want the available Climate package, which adds a heated steering wheel and rear-seat heating. For music lovers who desire a more high-quality soundtrack, Volvo offers a 14-speaker Harman Kardon premium stereo system. A few of the other optional upgrades include leather upholstery, a head-up display, and a 360-degree parking camera.

The R-Design trim looks a bit sportier. It also brings four-zone automatic temperature control and heated front sport seats. Nappa leather upholstery makes this trim more appealing. Buyers will also receive the previously mentioned Harman Kardon audio system. An even more powerful Bowers & Wilkins premium audio system with 15 speakers is optional.

Volvo’s Inscription trim only feels a tad more luxurious. However, it does feature enhanced seat padding and ventilated front seats. Wood inlays give the cabin an elegant touch.

In terms of sheer performance, the Polestar Engineered stands apart from the rest of the lineup. Aside from its more potent powertrain, it also receives special suspension dampers and high-grade brakes. Volvo’s top-of-the-line Bowers & Wilkins premium audio system comes standard.

The XC60’s Exterior Styling

Many people are fans of this SUV’s clean, sophisticated styling. The XC60’s new facelift makes it look even sharper than before. Volvo’s signature “Thor’s Hammer” LED headlights are a big attraction.

Every trim features stylish exterior treatments. However, black exterior details and optional 21-inch wheels give the XC60 R-Design a sportier look. Chrome exterior treatments set apart the Inscription trim. Equipped with yellow brake calipers and exclusive wheels, the Polestar Engineered has the lineup’s raciest appearance.

Driving Experience

Assisted by a mild-hybrid system, the XC60’s new turbo four-cylinder engine puts out 247 horsepower. With a 0-60 mph time of 6.0 seconds, this crossover definitely offers a competitive level of performance. While the optional engine is similar, a supercharger boosts output to 295 horsepower. Meanwhile, Volvo rates the Recharge model’s plug-in hybrid powertrain to develop 400 horsepower. Buyers who choose the Polestar Engineered model will have access to an exciting 455 horsepower.

Unlike some of its German competitors, the XC60 does not drive like a sports sedan. Nonetheless, it handles well in virtually all conditions. In terms of ride quality, this SUV ranks among the segment leaders. While the XC60 isn’t built for hardcore off-roading, it can take you down a muddy trail.

Fuel Economy

Fuel economy has slightly improved for the 2022 model year. Trims equipped with the SUV’s new base engine have a rating of 23 mpg town/30 mpg freeway. Meanwhile, upgrading to the supercharged engine results in a rating of 21 mpg town/27 mpg freeway. Although the Recharge’s plug-in hybrid powertrain isn’t noticeably more efficient, its electric driving mode allows you to travel up to 19 miles on battery power alone.

Quality and Comfort

In terms of overall comfort, the XC60 stacks up well against the competition. Its seats are arguably the plushiest in the segment. This SUV is also quite roomy in the rear, which is a big plus for families. Top-notch build quality makes the XC60 an even better option.

Safety

When it comes to engineering safe automobiles, few automakers have a better reputation than Volvo. The new XC60 receives a coveted Top Safety Pick+ rating from the IIHS. Volvo also equips every new XC60 with confidence-elevating safety technologies, including automated emergency braking with pedestrian sensing and active lane-keeping. An optional Pilot Assist system combines adaptive cruise control and steering assistance.

Set aside some time to go test drive the new 2022 Volvo XC60. This SUV’s upgraded powertrains, refreshed styling, and updated infotainment system promise to impress.

Note: All Volvo XC60 MSRP, invoice and dealer cost dollar figures above are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.