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Mike,
If you can, try to get an extended warranty on it. If it is through a Volvo dealer, they should be able to give you one that covers everything to 100,000 miles.
I purchased a 2001 T5 (Manual tranny as well) with 28K on it. It now has 46 K on it. So far I am really happy with it. This is my 3rd volvo.
I average probably 26 or 27MPG more if I baby it. Extremely comfortable and the 5 speed is pretty much bullet proof. Remember in Europe they can't give away automatics so the manuals seems to be built very well.
My only complaint, I have had alot of little anoying rattles come up (All of which have been fixed by me) So, now it is tight quite etc.
P.S. I paid 16,500 on ebay for mine. 28K 5 speed, 2001 T5. (It was a manual tranny in Arizona which is why I think I got such a good deal) Warranteed through Volvo for 100K. which covers everything.
Good luck.
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