I bought my 2002 S60 used with 21K miles on it in 2004. It now has 110,000 miles on the odo, and I've passed it along to my stepdaughter as her college car. I get it serviced regularly and it has not been overly expensive to maintain through my local Firestone service center. It's been an overall dependable car with only a few age related failures, such as alternator, water pump, strut mounts, etc. Nothing too big at all. The one gremlin this car has, and it seems to be rather common with this series, is that it eats tail light and headlight bulbs on a regular basis. However, these are easy to replace by the owner, and I now keep spares stashed with the spare tire in the trunk.
I bought my S60 new in 2002, but now it's time to say goodbye and I have never been this emotional about giving up a car EVER! Because of changes in my personal life I need a bigger vehicle, and unfortunately cannot afford to keep two. My little silver S60 has been the most dependable vehicle that I have ever owned. I have worked from home since I got "her", so have only clocked 72K miles on the odometer, but I have pushed her hard during a few long distance road trips. I like quick acceleration and sporty lane changes and she's never let me down for a second. Other than maintenance, she's only needed one repair that costs less than $100. Love her and will miss her.
Good on open highways, terrible ride on rougher roads. Great engine, but terrible car quality overall. Purchased new with 8K on odometer: * Before 30K miles: - Engine mounts broke - Black smoke from air.cond vents (on inspection Calabasas Volvo reported nothing found.. yeah right) - some air.cond fans no longer work - Radio sporadically changes station - Suspension bushings broke - Defrost broke - only does 1/2 window * Before 60K: - Transmission problems - takes 5+ secs to get in gear - Roof gutter-tracks paint is pealing - Plastic ext. trim is popping off - Plastic ext. trim quickly faded to light gray - Eng. mnts broke a 2nd time * much much more..
Bought a new 2002 S60 2.4T and still have it, just turning 203,000 miles. Very nice ride, good gas mileage, nice handling, turbo has been great and the car rides like the day I bought it. It's been very reliable and I want to keep it up until 250,000. The downside is minor repairs can be expensive as I'm told it takes mechanics sometime to get the part that needs fixing and mechanic hours equals dollars. The biggest downside has been the electrical system. Bulbs burn out very quickly and I had an issue with a box mounted to the frame that caused a fault with the alarm system in which the lights would flash on and off and the door locks would open and close.
My family has had my 2002 Volvo S60 since it's been off the lot. it's been super safe, and as a teenage driver, it's good to have a reliable car. Maintaining the car is in fact expensive, but worth it. It's saved me from countless close calls from people, from a wide range of coming over in my lane (shoulder saved me) to 40-0 in a couple seconds (city traffic sucks). breaks are amazing and it handles great. would recommend as a safe and reliable car!