Does the 2012 Volvo XC60 have a timing belt or chain?

The 2012 Volvo XC60 has a timing chain, not a timing belt. The chain is expected to last as long as the lifetime of Your vehicle. Since this is the case, You should not ever have to have Your chain replaced, since it is much more durable than a belt, which could wear or break. If You do find that You need to replace the chain, You can purchase one made for Your vehicle from the majority of automotive car parts dealers and retail locations. If You already know what You need, it is possible to order the chain online from a trusted source. You can expect to pay between $88 and $284 for the part alone.