I'm thinking the only reason why this car comes up with 4-stars is for the comfort and interior and exterior design, which are excellent. Tell any Volvo mechanic that you own a 2001 Volvo V70 XC and after they stop laughing hysterically, they'll weep for you. The transmission is going to fail, if it hasn't already. Mine had an oil leak so bad, we named the car "The Valdez". Three weeks after being told that it would cost more to replace the transmission and fix the oil leaks than the car was worth, it blew up on a mountain pass. If you want a Volvo, find an older 740 (non -turbo).
This is a Volvo, right? It is actually my 4th. And my last. Too bad for what used to be a great Swedish product, but not anymore! Nice styling, great handling on the interstate and sips gas. All ok until about 120K miles. Then literally every electronic and fuel injection component, even the seatbelts started to malfunction. Thousands of dollars. Not the typical older car reliability failures and certainly Bosch doesn't make anything reasonably priced for replacement parts. My next car will be American or Japanese. Not as unreliable or expensive to fix.
Styling, fuel economy, road manners
Return to quality manufacturing of core systems so there is not a huge cost of ownership and frustration once the car is middle aged.
Bought new in 2001 through Volvo's Diplomat Sales as special order with cloth interior (vice leather) and 5- Speed MANUAL transmission. Car has been very reliable and aside from usual wear items such as pads and rotors, have not spent more than $1K over last 10 years for repairs that included replacement of a pollution device plus new timing and serpentine belts. Perhaps having the manual transmission that's made the difference, but has been dependable and decent on gas. Would not buy another Volvo because Ford pretty much destroyed the company. Current Volvos are just too expensive for what one gets. Current models offer old technology.
Front-seat comfort and decent cargo capacity. Wish the Japanese or Koreans offered station wagon of comparable size.
Stay away from the Volvo's automatic transmission.
Special ordered thru Diplomat Sales program with 5-Spd MANUAL transmission and cloth interior. Over the last 10 years, I've replaced only brake pads/rotors, timing belt and one emission component. Obviously having a manual transmission, spared me the universal problems associated with auto transmissions, but the car has been very dependable by any measure. Other than brakes and rotors that I replaced myself, total repairs by dealers and/or privite shops since 2001 total less than $1,000.
Car is great in snow and seats make long trips comfortable. I would have prefered more legoom in rear, but the vehicle has plenty of room for front- seat passengers and cargo. In fact, no one makes more comfortable seats than Volvo. Gas mileage too, is not bad for its size.
Relative to what's now available in marketplace, my 2001 V70 is quite dated and so are the vehicles currently sold by Volvo, so this one is likely my last.