Bought this car in January 2009 with just over 100K on it. After disregarding Consumer Reports and many horror stories on this site, I am paying the price now. In just two months, over $2000 put into it, and the check engine light came on couple of days ago, with codes for an oxygen sensor and catalytic converter. The interior is cheap and noisy, crazy squeaks and rattles. Alternator died, leaving me stranded on the highway. $700 to fix. Vibration in the engine, drivetrain issue the mechanic says. Stay away from the '98-'00 XC, great look and feel, but 90% chance it will cost you a boatload to keep running. I was hoping to be that 1 out of 10, but no such luck.
Great seats and sound system. Great in bad weather, snow or rain. Super ride and good performance, just not nearly as sturdy as Volvo used to be, had an '86 740GLE for 6.5 years, that think was a tank, this thing is delicate and afraid something will break every time you touch it.