2024 Volvo XC60 T8True Cost of Ownership in Belgium
455 hp plug-in hybrid. Full cost breakdown including import duty (10%), VAT (21%), insurance, fuel at €1.85/L, maintenance, and depreciation.
Purchase Price
$80K
Base: $60K
Annual Total
$21K
Insurance + fuel + maintenance
Import Duty
$6K
10% of base price
VAT
$14K
21% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$187K
Purchase + 5yr running costs
2024 Volvo XC60 T8 — Full Cost Breakdown in Belgium
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $60K |
| Import Duty (10%) | $6K |
| VAT / Sales Tax (21%) | $14K |
| Total Purchase Price | $80K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $17K |
| Registration & Road Tax | $1K |
| Total Annual Running Cost | $21K |
| 5-Year Total Cost of Ownership | $187K |
| Cost Per Kilometer | $1.425 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Volvo XC60 T8 Fuel Cost Calculator — Belgium
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Volvo XC60 T8 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Belgium.
$0 Fuel Cost
Electric vehicle — no gasoline required
Volvo XC60 T8 Depreciation Curve
The Volvo XC60 T8 loses approximately $34K (57%) of its value over 5 years.
Year-by-Year Value
| New | $60K | 100% |
| Year 1 | $43K | 72% |
| Year 2 | $37K | 62% |
| Year 3 | $32K | 54% |
| Year 4 | $29K | 48% |
| Year 5 | $26K | 43% |
Depreciation based on electric segment averages.
Volvo XC60 T8 vs. Competitors in Belgium
How does the Volvo XC60 T8 compare to similar cars available in Belgium?
Volvo
XC60 T8
Base Price
$60K
Annual Cost in Belgium
$21K
Tesla
Model 3
Base Price
$42K
Annual Cost in Belgium
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Belgium
$5K
BMW
i4
Base Price
$56K
Annual Cost in Belgium
$8K
Annual costs estimated for Belgium market. Import duty (10%) and VAT (21%) applied to all models.
🇧🇪 Owning a Car in Belgium
High fuel taxes and urban congestion charges.
Expensive for Belgium
Annual car costs = 45% of average Belgium income ($47K/yr)
Average Annual Income
$47K
In Belgium
Fuel Price
€1.85/L
Diesel dominant
Avg Car Insurance
$2K
Per year
Import Duty
10%
On vehicle value
VAT / Sales Tax
21%
Applied at purchase
Driving Side
Right-hand
Europe
Popular Car Brands in Belgium
Volvo XC60 T8 in Belgium — Frequently Asked Questions
Common questions about owning a Volvo XC60 T8 in Belgium.
The 2024 Volvo XC60 T8 has a base price of $60,000 USD. In Belgium, after 10% import duty and 21% VAT, the total purchase price is approximately $79,860 USD (€79,860 EUR).