Volvo EX60 Lease Price Looks Sharp, Until You Compare

Volvo has finally put numbers on the new EX60, and at first glance they look clever. The brand is pitching its latest electric SUV as a more accessible way into the premium EV world, with a starting price of about €53,700 before destination charges. That instantly makes it far easier to approach than the larger EX90, which sits roughly €21,100 higher, and it also undercuts rivals such as BMW’s new iX3, expected to start near €56,600.

That is where the EX60 begins to get interesting. And a little complicated.

The entry-level EX60 P6 Plus delivers up to 494 km of range, while the EX60 P10 AWD starts at around €55,900 and stretches that to 518 km. Later this year, Volvo says the EX60 P12 will arrive with up to 644 km on a full charge, which would make it the longest-range EV currently in Volvo’s own lineup. Even so, BMW still has bragging rights on paper, claiming up to 698 km for the iX3 in the right specification, including the no-cost 20-inch summer tyre setup.

Charging performance looks strong across the board. Most EX60 versions can go from 10 to 80 percent in 16 minutes, with the P12 taking 19 minutes. In a quick 10-minute stop, depending on trim, drivers can add between 249 and 278 km of range. For buyers who actually live with an EV day to day, that matters at least as much as headline range figures.

The lease deal is where the real debate starts

Volvo’s first lease offer for the 2027 EX60 is now live, set at about €550 per month over 36 months, with roughly €5,900 due at signing. On paper, that sounds competitive for a premium electric SUV wearing a Scandinavian badge.

Against the BMW iX3, it is. Using BMW’s own lease configurator, the iX3 50 xDrive lands around €733 per month on the same term with the same upfront payment. That is a meaningful gap, and Volvo will no doubt make the most of it.

But the picture shifts when the EX60 is lined up against some of the most aggressive EV lease offers on the market.

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Tesla’s Model Y Premium RWD, for example, currently sits at roughly the same €550 per month for a 36-month lease, although the upfront payment is lower at about €3,950. Match Volvo’s higher amount due at signing, and the Tesla drops closer to €491 a month. That changes the conversation quickly, especially when the Model Y also offers an estimated 575 km of range.

Then there is Hyundai. Thanks to heavy incentives, the three-row IONIQ 9 Calligraphy Design can be leased for about €567 per month with the same €5,900 paid upfront. That is remarkable when you consider this is a larger, more expensive all-wheel-drive electric SUV, with an estimated range of up to 500 km. In simple terms, Volvo may have the lower purchase price, but it does not automatically have the strongest lease value.

That is the catch. The EX60 looks like a smart buy, yet not always a standout lease.

Here is how the new Volvo EX60 lineup currently stacks up in euro-converted terms, excluding destination fees of about €1,280:

• EX60 P6 Plus: from €53,700, up to 494 km range, 16-minute 10 to 80 percent charge, up to 249 km added in 10 minutes
• EX60 P6 Ultra: from €59,800, up to 494 km range, 16-minute 10 to 80 percent charge, up to 249 km added in 10 minutes
• EX60 P10 AWD Plus: from €55,900, up to 518 km range, 16-minute 10 to 80 percent charge, up to 266 km added in 10 minutes
• EX60 P10 AWD Ultra: from €62,000, up to 518 km range, 16-minute 10 to 80 percent charge, up to 266 km added in 10 minutes
• EX60 P12 AWD: price not yet announced, up to 644 km range, 19-minute 10 to 80 percent charge, up to 278 km added in 10 minutes

Volvo is clearly aiming for a sweet spot here: premium badge, usable fast charging, solid range, and a price that feels less intimidating than the flagship EX90. That formula should land well with buyers who want something upscale without drifting into six-figure territory.

Still, anyone shopping by monthly payment rather than brochure price will want to slow down and do the maths. Lease offers can flip the value story overnight, and right now some rivals look tougher to ignore than the EX60’s launch headlines suggest.

Test drives are expected to open later this summer, with first deliveries following soon after. Volvo’s current EX60 lease offer is set to run until 30 June 2026, though the market will not stand still for long. In the EV space, the best deal today has a habit of looking ordinary by next month.

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