Volvo XC60 T8 Twin Engine running costs
|Insurance group||Warranty||Service intervals||2019/20 company-car cost (20%/40%)|
|42-44||3yrs / 60,000 miles||1yr / 18,000 miles||From £1,758 / £3,517|
The Volvo XC60 T8 is on the pricey side, but that’s no different to any other premium SUV in that regard. With CO2 emissions of less than 75g/km, you won’t have to pay the London Congestion Charge if you travel into the centre of the capital, but remember to register your XC60 with Transport for London first.
The XC60's fuel economy is the main reason it's so cheap to run. Based on the average economy stated above, while it might cost just over £90 a time to fill the sizeable fuel tank, strong efficiency means you’ll only spend around £1,200 over an average of 12,000 miles a year of driving. A diesel XC60 wouldn’t be able to match this figure.
Another benefit of the plug-in setup is that CO2 emissions of 47g/km put the XC60 T8 in the second-lowest Benefit-in-Kind (BiK) company-car tax bracket, at 16%. Based on our pick of the range – R-Design trim – a higher-rate taxpayer will have to contribute just over £3,500 a year to run one as a company car.
Volvo XC60 T8 Twin Engine insurance group
Insurance group ratings vary depending on the trim level you go for, but taking our pick of the line-up again, the XC60 will cost about the same to insure as a regular petrol or diesel XC60 model in the same specification.
As well as the eight-year battery warranty, all XC60s get a three-year/60,000-mile warranty covering the rest of the car, plus three years of free roadside assistance, covering you in the UK and Europe. It's a good package overall, but not especially different to what you get with most rivals.
Volvo offers servicing packages for the XC60 T8 that you can tailor to your needs. This means you can choose the length of the package, while it’ll also depend on how many miles you do a year.
'Alternative-fuel vehicles' such as this Volvo cost £135 in VED after the first year, but as the XC60 also costs more than £40,000 to buy, you’ll have to pay a £320 surcharge per year for the next five years, too, so it’ll cost £455 to tax in years two to five.