Being a Volvo lover ( '91 240/ '91 940 SE/ '98 V70/ '04 V70 T5 - soon to be par tof the family - '06 S80 AWD T5 ) . I ABSOLUTELY LOVE my '04 V70 - she's like an under- the - radar speed machine! and feeling completely safe and in control.
I can't say nothing ill of these girls.
There is a problem with the oil pan seals that requires attention! My 2004 v70 with 67k flashed the oil warning light twice for a second at a time and then a warning messge NO OIL PRESSURE STOP. 300 feet later I parked the car and then had it towed to the shop...started to place on tow and then to move into the garage....Result was the engine was gone! Oil level was checked after first warning light flash...full! Not real happy as I just bought the car....result is a replacement motor and the oil seals replaced before it was installed....My 2000 v70 never had seals replaced...still does not drip or burn oil at 200k....
We've driven a lot of Volvos over the years, and the 2004 has the worst reliability by far. We're very disappointed that we had to replace the radiator and rack and pinion steering at 82,000 miles. These were very expensive to replace, and there's no reason that either should have failed before 100K miles. Currently the steering wheel buttons that control the stereo are frozen. The gas gauge also swings wildly from 1/3 full to empty when the vehicle is low on fuel. This car is a heap of problems.