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Hmmm... let me rattle off a few problems that come quickly to mind:
- Mass Air Flow (MAF) sensors tend to go bad, frequently at around 50k miles.
- Anti-lock Braking System (ABS) controller fails at around the same mileage.
- Electronic throttle module on 99+ models can stick a little. They should be cleaned, but dealers prefer to sell you a new part.
- Sway bar end links wear out, causing noise in the front suspension. The fix is cheap and easy.
- Stock brake pads make a mess of your wheels, but any discussion of that here will start a religous war. Best to search the forum for the search term "brake pads" and do some homework on your own. Regardless, I said it, so someone will inevitably hijack your thread with this new topic.
- The top engine mount bushing (aka "torque bushing") eventually breaks. Replacement is cheap and easy.
- Extensive exterior lighting problems that were listed in Consumer Reports, etc., have long since been fixed under warranty. A non-issue, if someone brings it up today.
- I wasn't particularly crazy about the stock stereo, but you can read about that on my web site.
- Squeaks and creaks from the dash take some work to fix, but can be minimized. Search the forum.
That's all that comes to mind, for now. Good luck.
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Jim Rothe, '99 S70 T5M, http://www.jimrothe.com/volvo/index.html
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