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No experience with the 06, but have owned two 1998 V-70 T-5's and racked up about 90,000 miles on them. Previously owned volvo 760 Turbo wagon, three 242 wagons, a 242GT, and a p1800s. We currently own a 98 V70 T5 (115K), a 2003 Honda Civic (34K), and a 2001 Honda Odyssey (65k).
My 98 T5 will likely be my last Volvo product. I like the car, but anything newer is going to be hard, if not impossible to work on yourself. If you plan on doing any of the work yourself, you will be limited to oil changes and filter changes, maybe brake work on the newer models.
The reliablity of the V70 is ok, but nothing compared to the old days (242/740/900 rear wheel drive series). The cars are much more complex now, lots more to go wrong. I've replaced a lot of things on my V70 that my older volvo's did not even have-like the abs module. I've also replaced the heater core, engine radiator, engine mounts, strut retainers, all of the front suspension, front wheel bearings, rebuilt the tail gate interior panel, and probably a few other items. I also added an Upsolute chip.
Our last car purchase was the Honda Civic. The Honda Odyssey was our first Honda product, and I purchased it without having driven one, just based on a recommendation of a friend.
I'm sold on the Honda products. The odyssey drives just like the day it was new. What the Hondas lack in "jazz" and comfort, they more than make up for in reliability and RESALE value. Depreciation on a volvo is incredible. If you plan on owning it for 10 years, maybe it won't matter, but if you get in an accident and your car gets totaled a few years down the road, you won't get much for it. I'll probably purchase another Honda as my next vehicle, but I'll miss the acceleration, braking and seating comfort of my volvo.
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