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Could be serious. Pay a dealer to do a "once over" pre-purchase inspection, including that light if you're serious about buying this car (which, it being an S80 and a '99 I would strongly suggest you not)...couldn't cost more than $50 or so. They will probably be glad to do it for you if they think they'll have you as a customer.
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1998 S70 T5 Emarald Green Metallic (125K), 2004 V70 2.5T Ruby Red (45K), Previous Owner of Black '94 850 Turbo Wagon (Sold at 140K and miss her). My cars have been running so well lately they've got me worried.
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