I bought my 2004 in 2005 and love the look with the top down.
The main thing to watch out for is the transmission!!!
At 90,000 miles it began to slip and by 120,000 I had to have it rebuilt to the tune of $3500.
Since having this work done I've not had any additional issues but was sorely disappointed in this Volvo as I've owned 6 and this one just pooped out.
Another thing to watch is to never drive up too close to a parking curb!!!
The bumper is so flexible and low to the ground as to let the car easily run up.
Due to the shape it will literally rip off when you back up.
This has happened to me 2x and I swear I'm not being as stupid as this sounds.
this is my 2nd ragtop,and I am here to tell the whole truth...these cars can have their quirks,but are full of character.they rattle,aren't the smoothest riding around town,and can be noisy,not to mention,the leather can be high maintenance,and the top can leak around the a-pillars.to replace just the top,is between 1500-2500,for example,but other parts can be found pretty cheap on ebay.
Really enjoy the car. Being 6'3", I need more head room than most. This car fits me well. Smooth engine, great looks. Only problems: slow acceleration up slight grades sometimes causes the tranny to slip a bit between 2nd and 3rd. No slip at heavier acceleration though. Also, get verbal abuse about the headlight wipers:Could do without them. Actually room under the hood to work on a few things myself. Only other nitpick is the slow power seat feature to enter the back seat.
This car had been in an accident and had a salvage title, price right, but some concern because of that. However, once I put new tires and new engine mounts on the car (they had deteriorated in hot Florida weather) this car runs like new and is a pleasure to drive. Good pickup, great fun on an open winding road with the top down.