I've own my wagon for 6yrs now,min repairs other than standard parts like timing belts, tires. One area that I ran into now at 201,000 miles is the rear struts. On my car the cost to replace them is $550.00 per side..( will not replace) so I'll live with the bumps or pot holes, but its really not bad. I am known to keep my cars until the engine goes, most of my other volvo's have gone 370,000 miles, so still have 3-4yrs left on this one. One key factor on volvo's, they never need a tune-up. same plugs etc and the car is 13 years old. So if your thinking of this year 1998, go for it...I also own a 1989 saab and that has 250,000 and it looks/drives as good as the day it came off the line.
Never offer cloth seats again..the only down fall of this car.