Used 2022 Volvo XC60 for Sale nearWaterloo, ON

How much does the 2022 Volvo XC60 cost?

Prices have softened 18.29% compared to this time last year, making it a favourable time to shop this model year.

There are 213 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2022 Volvo XC60 a good car?

Yes — the 2022 Volvo XC60 earns a 4.8/5 user rating and a 7.8/10 expert rating. The model scores 9/10 across Performance and Safety.

Drivers consistently praise its smooth driving experience, comfort, and high-quality features. The overview also points to a useful size, refined luxury character, and a mix of efficiency-minded and performance-oriented choices, which makes it appealing if you want a premium SUV that feels modern without losing its Scandinavian identity.

With 32.9% of listings marked as good or great deals, the market gives you some room to find a strong example.

Is the 2022 Volvo XC60 reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

User feedback highlights the XC60 as smooth, comfortable, and well equipped, while also pointing to sporty options and advanced technology. The expert notes reinforce that it’s built around solid engineering and a calm, relaxed driving experience, which supports the impression that it’s a vehicle you can count on over time.

Volvo also backs the XC60 with a four-year, 80,000-kilometre basic warranty and a four-year, 80,000-kilometre powertrain warranty, which helps reduce early ownership risk for used buyers.

What should I look for when buying a used 2022 Volvo XC60?

Key things to evaluate:

• Trim level: The base setup is more straightforward, while higher trims add features such as Nappa leather upholstery, a leather-wrapped steering wheel, and more upscale cabin details.
• Powertrain: You get B5 and B6 mild-hybrid powertrains, both using a 2.0-litre turbocharged four-cylinder with a 48-volt system; the B6 adds an electric supercharger and stronger output.
• Safety package: Standard equipment includes forward-collision warning, automatic emergency braking, lane-departure warning, lane-keep assist, traffic-sign recognition, blind-spot monitoring, and rear cross traffic alert. Volvo’s driver assistance system is available in an option package with adaptive cruise control and automated lane centring.
• Infotainment: The XC60 uses a 9-inch touchscreen with Android Automotive, a 12.3-inch digital instrument cluster, Bluetooth, a built-in Wi-Fi hotspot, Google Assistant, Google Maps, third-party app access, and over-the-air software updates.
• Fuel efficiency: The base B5 powertrain is rated at 9.4 L/100 km combined, while the B6 is rated at 9.9 L/100 km combined.

Which 2022 Volvo XC60 trim should I buy?

The 2022 Volvo XC60 is offered in 6 trim levels: B5 Momentum, B6 Momentum, B6 R-Design, B6 Inscription, T8 Recharge Inscription, T8 Recharge R-Design, and T8 Recharge Polestar Engineered.

Here's the short version:

• B5 Momentum: This is the entry point and the most accessible way into the XC60 lineup. It gives you the core luxury-SUV experience, standard AWD, and the updated tech and safety suite, making it the best-value choice if you want the XC60’s essentials without stretching for extras.
• B6 Momentum: Step up here if you want stronger performance from the mild-hybrid setup while staying close to the more straightforward luxury formula. It suits you if you want more power without moving into the sportier or more expensive trims.
• B6 R-Design: This is the sportier-looking choice, and the test car’s aluminium mesh speaker grilles and textured seats show how it adds flair. It’s a good fit if you want a more expressive cabin and don’t mind paying more for style.
• B6 Inscription: This trim leans into comfort and upscale materials, including Nappa leather upholstery and a leather-wrapped steering wheel. It’s the right pick if you want the most traditional luxury feel in the mild-hybrid range.
• T8 Recharge Inscription: Choose this if you want plug-in hybrid capability with a more premium, comfort-focused presentation. It’s best for buyers who value electrified driving and upscale appointments over outright sportiness.
• T8 Recharge R-Design: This version combines plug-in hybrid power with a sportier appearance and feel. It suits you if you want the Recharge powertrain but prefer a more athletic look.
• T8 Recharge Polestar Engineered: This is the performance-focused plug-in hybrid, with more power, Öhlins adjustable dampers, Akebono brakes, and a front strut bar. It’s the one to choose if you want the most aggressive XC60 character.

The safety package is available as an option, and it combines adaptive cruise control with automated lane centring.

Is now a good time to buy a used 2022 Volvo XC60?

This looks like a moderate, selective buyer’s market, so you can shop carefully and still find worthwhile listings.

• Deal availability: 32.9% of listings are priced as good or great deals.
• Inventory: There are 213 listings available.
• Price trend: Prices have softened 18.29% compared with last year.

If you find a listing below $34,479 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2022 Volvo XC60's resale value?

The current average of $34,479 CAD sits slightly below last year's $42,195 CAD.

That price drop suggests the XC60 has moved into a more buyer-friendly part of the market, which can make future resale values more sensitive to condition, mileage, and equipment. If you buy well now, you may have less room for depreciation than someone who paid closer to the earlier average. Well-kept examples with desirable features should still hold appeal, especially if they present as clean, modern, and well maintained.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, tend to retain buyer demand, which supports resale value over time.

Is the 2022 Volvo XC60 safe?

The 2022 Volvo XC60 earns a Top Safety Pick+ rating from IIHS based on the similar 2021 model, and the 2021 model also received a five-star overall rating from NHTSA, with five-star ratings in frontal and side crash tests and four-star ratings in rollover crash tests.

It earns a 9/10 safety score from our experts.

Standard safety features include forward-collision warning, automatic emergency braking, lane-departure warning, lane-keep assist, traffic-sign recognition, blind-spot monitoring, and rear cross traffic alert. Volvo’s driver assistance system is available in an option package and combines adaptive cruise control with automated lane centring.

Should I buy a 2022 Volvo XC60 or consider a different year?

If you're weighing the 2022 against nearby model years, here's how to think about it:

Choose the 2022 if:

• 32.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 18.29% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.
• It adds new mild-hybrid powertrains, updated styling, and Android-based infotainment.

Consider the 2021 if:

• At $30,105 CAD, the 2021 costs less than the current year's $34,479 CAD average.
• It offers a well-judged, practical luxury crossover with strong safety and comfort.

Consider the 2023 if:

• At $39,956 CAD, the 2023 costs more than the current year's $34,479 CAD average.
• It adds plug-in hybrid appeal with electric-only driving for shorter trips.

The bottom line: The 2022 is the best all-around choice if you want the updated powertrains and infotainment without moving up to the pricier 2023. If price matters most, the 2021 is the smarter value play; if you want plug-in hybrid flexibility, the 2023 is the better fit.

How does the 2022 Volvo XC60 compare to the 2022 BMW X3?

Our experts score the 2022 Volvo XC60 7.8/10 and the 2022 BMW X3 7.8/10. The XC60 leans more toward comfort, quietness, and a refined Scandinavian feel, while the X3 is the slightly more powerful and slightly more expensive alternative. The Volvo also has the stronger used-price position here, while the BMW has a bit more inventory and a marginally higher share of good and great deals.

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.