Bought mine used. Put 60k on it in not quite 4 years. Nothing major has ever gone wrong with this car. I love the car. The interior is downright swank. Heated seats are the bomb, Acceleration is surprisingly powerful, mileage is average or a hair less than I would have expected (26 mpg). Yes, it's noisy. If that bugs you, it'll be too much for you. If not, the car is awesome. And if you have kids, you'll feel very responsible while still having a sporty, fun, and good looking car.
I bought mine used with 155K. Solid traction and road handling. Great in the snow. Peppy and powerful. Love the body style. Best looking sedan on the road! Fun to drive. It's a sensible 4dr. sedan... that can do 0-60 in under 7 seconds and can cruise down the autobahn at over 150 mph! After fixing some common S60 problems (ie; creaking/clunking front strut mounts and sway bar end links) the car drives like new again. I have done some minor upgrades like poly bushings, engine mounts, and chassis braces which have noticeably improved the soft/squishy handling. I like the stereo, the triptonic shifting, comfortable (front) seats, and power most of all.
By far, this is the best vehicle I've ever owned. Performance is second to none and the car stops on a dime. It's also the safest car on the road. I very much respect a company whose main concern is the safety of passengers. If your in the market, trust me. Throw your BMW and Lexus brochures away. You have no idea what your in for with the Volvo.
This is my wife's car, she absolutely loves it. She commutes about 70 miles a day each way and the car is comfortable, reliable, and looks good to her peers. We love the manual transmission and regularly get 32 mpg. Our only complaint is that the backseat is a tight fit for a baby/infant seat. It holds adults fine.
Most problems & expensive repairs I've ever experienced
written on 03-10-2013
I bought this car in the hopes it would last a long time. Acceleration sensor went out, the car wouldnt move at take off. About got me killed. $250-$300 to repair. Transmission has slipped since I bought it at 4 years old in 2007. It's getting worse, all fluids, etc have been checked, I have taken excellent care of this car, maint. etc. I heard a strange clanking noise, come to find out, I needed a drive shaft, which was $1400.00 to repair. I have to sell this thing to keep from having to spend thousands on a new transmission. I noticed that it's using more gas as time goes on. Never again. I get sick to stomach. Don't buy one, go honda or toyota... Warning: Money Pit!