So this was interesting. I went to a Volvo dealer and looked at 4 XC60s (2 from 2018 and 2 from 2019) and one XC40. This is a very large volume dealer. To be in perspective. They have over 25 XC40s when most dealers in this state have 1 to 3.
The car we ended up being most interested in is a 2018 R Design XC60. It is discounted 12.3% and is considered CPO as it has been registered by the dealership since February. It has a little over 3700 miles on it. It looks fine and drives beautifully.
The negatives -
1. I think about 8 to 9 months of the manufacturer's warranty has been used up due to when it was put in service. That said they are giving a 3 year/50k extended warranty for free so that isn't an issue. I was told that beginning on 11/1 Volvo will be offering only 1 year/unlimited miles on these warranties. So if I want this car I would only buy it before 11/1.
2. It is considered a used car so if I wanted financing I would have to finance it as a used car. We were planning to pay cash but I had considered putting maybe half of the purchase on a loan and then paying off next year so I didn't have to pull any money out of the IRA this year.
3. The car has an MSRP over $55k because it has the $3200 premium sound system. I am sure it is nice but is something that is not important to me. Is a 12.3% discount enough to offset that? I am not sure. This is an area where I would like to see more discount since that option is not of value to me.
4. The red of the R Design is a flat red instead of the metallic red on the Momentum and Inscription trims. I like the metallic red better. That said, the R Design red is acceptable.
DH loved this car. He particularly liked the HUD which is something not available on the XC40. He liked driving the R Design more than the XC40. He also liked that it is AWD.
That said - this car at its current price is about $5600 more than the red XC40 that I looked at earlier. I think it is worth that difference. Still given the mileage, warranty, and sound system I would live a little more discount on this car. But, we are seriously interested in it.
We looked at a 2019 new Momentum XC60 and new Inscription XC60. They were almost identical and only about $350 apart in price. The only difference were the slight styling differences of the Inscription. As between the 2 I would get the Inscription. Asking price of the 2019 Inscription is only $1500 more than the R Design which isn't much given the 3700 miles on the 2018 R Design. However - the R Design is AWD and the Inscription is FWD. And the R Design has that $3200 sound system (which isn't worth much to me...).
At this point I am going to make further inquiry on the R Design and see if I can do better on the price and get more info as to the actual in service date and how the car was used.
Can you pick up that XC40 in Sweden and make a holiday out of it?
Yes, but we would have to wait probably 6 months to get the car. DH doesn't want to wait that long for a car. But that is the only want to get an XC40 at a discount. If there wasn't such a long lead time we would probably do that.
Neither Edmunds nor KBB give a used car value for the 2018 XC60. They only want to show it as a new car.
I think aja8888 is right: my best option is to look up retail prices for used 2018 XC60s.