If you’re a new driver, want to save some cheddar on a brand new car, or just love older cars, you may have found yourself looking at used models on Facebook Marketplace and Craigslist. Some time ago, Kelley Blue Book and NADA Guides were considered the holy grail in determining what the value of your car might be. To this day, they are a decent reference point for many used models out there, but from my experience, I’ve found many inconsistencies with their models and Volvos as they age. This week, we dive headfirst into the value of our old whiteblocks!

Having taken economics classes in the recent past, my professors have burned the saying “it’s worth only what someone is willing to pay” into my head. This is exactly how valuing old cars should be viewed. Looking at functionality, uniqueness, upkeep, and features allows us to get a better grasp at relative worth. For instance, a high mileage, base model 2002 S60 is going to be worth pennies in comparison to a low mileage 2007 V70R equipped with a manual transmission.

P80 (1993-2000/2004)

As the oldest generation of whiteblocks, the P80 chassis is typically where you’ll find the cheapest cars. While they are also fairly easy and inexpensive to work on, the newest model besides a C70 is 20 years old at this point. If the previous owner didn’t take meticulous care of the car, it may be too far gone at this point, requiring much more work than what it’s worth. You can expect to find base model 850’s, S70’s, and V70’s in running condition anywhere between $1,000 and $3,000.

However, the P80 generation was the first iteration of whiteblocks, and Volvo made sure that there were some special models us enthusiasts could get our hands on. For MY1995, Volvo released its iconic 850 T-5R. With a better tune and upgraded aesthetics, it was immediately a fan favorite. The sedans and wagons can be had for anywhere as low as $3,000 and as high as $20,000. The revised model, the 850R, can also be found between $3,000 and $10,000.

Late in the production years, Volvo revised the P80 lineup, replacing the 850 with the S70 and V70. The T5 and R models are highly sought after, regularly bringing in anywhere between $2,000 and $5,000. You can expect to pay similar amounts for the C70 coupes and convertibles.

P2 (2001-2007/2009)

With the P2 chassis came more features and improvements upon the P80 chassis. More sophisticated drivetrains, modules, and suspension. But sticking to the lower trim levels excludes many of these luxuries. Base model naturally aspirated S60, S80, and V70s can be had anywhere from $1,000 to $3,000 in good condition. The 2.5T and XC70 are usually a bit more, but they come with extra power and often all-wheel drive as added value. Find these models between $2,000 and $5,000 in good condition.

The T5 and R models, just like the P80 variants, bring a premium. Early model T5’s (up until ‘04) are less desirable due to the improvements made by their later predecessors, just like the R models. Early T5’s are typically valued between $2,000 and $4,500 in good condition. The later T5’s, especially the manuals, are rare but if you can find one, expect to pay anywhere from $3,000 to $6,000. S60R’s can typically be found in good condition for similar pricing as the later model T5s. V70R’s are a different story though. Manual transmission V70R’s on Bring A Trailer regularly bring in over $15,000, and have been known to go over $20,000 if in really good shape.

These prices are highly subjective to how the car was treated during its life. They are also determined by body type and drivetrain. The wagons are more versatile so they bring a premium. The R models are rare and deliver the most power. Modifications are also another factor, but one only valuable to a specific buyer.

However, if not maintained, a car is worth very little. And the higher the trim level, the higher the likelihood for expensive repairs. I hope that this guide can provide some insight on what your car might be worth or how much it should cost to add another of these noble steeds to your stable. If you have any further questions, don’t hesitate to email us or message us on social media!