Just my opinion: the older AWD system isn't that great compared to the newer Haldex system. I still wouldn't consider them true AWD unlike Audi. Volvo's system only provides 5% bias in the rear when under 25 mph. It does work, but it can be expensive to repair and expect 10 mpg less compared to FWD.
I own a 98 V70R AWD. I have done much work to this car. For me, it drives well, is reliable and has the absolute best sound system that I have ever had with Dynaudio speakers, subwoofer. The seats are also really nice. To me it is a work car and doesn't get decent gas mileage at all 16 mpg in the city.
I would prefer a decent RWD wagon instead, except that most of them are abused. In general, I would prefer to find a single owner Volvo or something that was cared for.
In terms of Volvos, my general thinking is this FWD
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