I've had both. 96 850 turbo. 2001 v70T5. Both loaded. I was thinking about waiting on getting the newer one, glad I didn't. The v70 is a significantly better car all around. Starting with the ride, which alone makes it worthwhile. Layout, locations of switches, radio, etc and on: It seems clear Volvo listened to the consumer about what they want in a car and have gotten away from the quirkiness. A no brainer, get the v70 if you can afford it.