Done 213000 km since I bought it new in 98. Still looks great and runs great. Weak points were A/C condenser and ABS which needed replacement at 5 and 7 years. Original suspension lasted until 160000 km! Apart from general wear and tear this car is exceedingly reliable and not expensive to maintain. Excellent value for money compared the German cars of that time (although they are now including everything for a similar price). Very comfortable for long drives, easy to drive and great turning circle. Will keep it for as long as it runs. Very practical styling typical of old Volvos with no need for contortion to get in and out (like in my Benz C180). Feels heavy but fuel economy is not bad.
Comfy seats, ease of driving (very stable, unaffected by crosswinds, panoramic windows with great alround visibility, distinctive non-jelly-mould styling, high quality paintwork, 10.2m turning circle, simple and large dash instruments, and interior space.
Better tropicalisation (rubber feel finish on window knobs have melted and turned sticky in the Australian heat), better quality plastics, more rigid chassis. A/C condenser and ABS problems seem to be quite common. Improved dealer servicing would be a great plus.