I did the same thing recently (bought a 99 S80 T6, 55k miles, $24k, 100k mile warranty, car is very clean, in excellent shape). My car has had all the recall items, retrofits, etc. done. I do most of my own maintenance, I figure the warranty will cover me for anything big.

If you like the car, it's in good shape, and you feel good about the deal, go for it. Be sure you get the maintenace records, though, to be sure that the recall items, retrofits, etc. have been done, and that the car has had decent care.

I have had several 940-class Volvos, and I don't mind doing as much of my own work as my tools and expertise will allow me to do. Generally, the people who are at the complete mercy of the dealer will have less positive things to say about this car (I hope I don't have to eat my words later!!!).