I am not an S40 or V40 owner but non-the-less need to know the reset procedure for the Service Reminder Indicator (SRI) light... I'm especially intersted in the earlier models...pre 2001. Does it take a tool or is there a method that can be done yourself? Thanks in advance.
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1998 S70 T5 Emarald Green Metallic, 2004 V70 2.5T Ruby Red, Previous Owner of Black '94 850 Turbo Wagon

Need to know...someone please respond...Thanks!
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1998 S70 T5 Emarald Green Metallic, 2004 V70 2.5T Ruby Red, Previous Owner of Black '94 850 Turbo Wagon

Some of them you hold in the trip counter reset button, turn the ignition so all the lights come on, wait for the service light to blink (less than 30s), then turn the ignition off. As far as I know, this works on 99 and up model year. I've bought a 98 on Saturday, appears you need a special tool for 98 and earlier. (Volvo can also change the reminder interval for you, which is both distance and time based.)

I have a 2000 S40. To reset the service reminder you press the odometer reset button in and turn the ignition switch on (all lights on dash come on but not the engine)
Continue holding odometer button for 30 seconds. The reset light will flash signalling the light reset.

Right...I have a 98 S70 and have the DRAPER reset tool I bought off of eBay. But I understand that you only need a reset tool for '96 + '97 850's and '98 70-series Volvos, and not S/V 40's, but I could be wrong. Thanks for reminding me that I should have posted back on this thread.
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1998 S70 T5 Emarald Green Metallic, 2004 V70 2.5T Ruby Red, Previous Owner of Black '94 850 Turbo Wagon

Sorry, I should have posted back here. Scott Hart at IPD was most helpful:
1. Make sure the trip meter is in T-1
2. Put key in Accessory position "I"
3. Press and hold trip meter until it goes to zero
4. While still holding the trip meter, turn key to run "II"
5. When original trip mileage returns, release
6. Turn key to off "0"
The SRI is now reset
Remember, you must do the steps quickly.
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1998 S70 T5 Emarald Green Metallic, 2004 V70 2.5T Ruby Red, Previous Owner of Black '94 850 Turbo Wagon