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It will last as long as you care to keep shotgunning parts into it. In Cuba they still drive American iron from the 1950s, and those cars aren't galvanized like Volvos.
Kino Velez has done a couple of surverys and it's amazing how the components break like clockwork. At 100k I replaced my AC evaporator, at 115k my heater core, and in between the thermostat. I also did my brakes but that's just a normal wear item.
850s (really, the same car) do show up on e-bay with north of 200k miles,
Kino's Volvo site, the survey links are in the lower RH corner
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