Bought a new 2002 S60 2.4T and still have it, just turning 203,000 miles. Very nice ride, good gas mileage, nice handling, turbo has been great and the car rides like the day I bought it. It's been very reliable and I want to keep it up until 250,000. The downside is minor repairs can be expensive as I'm told it takes mechanics sometime to get the part that needs fixing and mechanic hours equals dollars. The biggest downside has been the electrical system. Bulbs burn out very quickly and I had an issue with a box mounted to the frame that caused a fault with the alarm system in which the lights would flash on and off and the door locks would open and close.
I had a Volvo S 60 AWD turbo from 2002 - 2006. The car had many unscheduled repair visits. I picked up the car on a Friday and I was already in need of repairs on Monday- rear windows did not work. The problems I had were mostly electrical.
I found the front seats not particularly comfortable for the long haul and the back seats are not suitable for adults except in a pinch.
Gas mileage was ok,mower was good, ride was good and the cabin was quite. Occasionally heard the turbo whine. Odd issue with the radio- I wear polarized sunglasses, and that washed out the radio display. I never had that problem before or since.
Good on open highways, terrible ride on rougher roads. Great engine, but terrible car quality overall. Purchased new with 8K on odometer:
* Before 30K miles:
- Engine mounts broke
- Black smoke from air.cond vents (on inspection Calabasas Volvo reported nothing found.. yeah right)
- some air.cond fans no longer work
- Radio sporadically changes station
- Suspension bushings broke
- Defrost broke - only does 1/2 window * Before 60K:
- Transmission problems - takes 5+ secs to get in gear
- Roof gutter-tracks paint is pealing
- Plastic ext. trim is popping off
- Plastic ext. trim quickly faded to light gray
- Eng. mnts broke a 2nd time * much much more..
* Engine is powerful and very reliable.
* Very quiet inside
* Comfortabe front seat (no leg room on back seats though)
* Excellent on major open highways
* Door remotes have memory (for seats, mirrors, etc.) but are expensive ($200 ea if lost)
* Redesign transmission (fails too quickly)
* Redesign suspension (very rough ride on streets vibrates and breaks everything inside)
* Find quality fans for air.cond
* Find more reliable radio system
I bought a 2002 S60 before doing my research. I didn't know that the 01 and 02 years had transmission problems. I would up with a $4000 bill for a new transmission! The lesson I learned was.....do your research. There was plenty of information on the internet about this problem. I won't do this again.