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The belts are probably right. There is a "missing" belt on the fan pulley and on the alternator. Volvo interchanged a lot of parts and on some parts there was space for a belt that wasn't there. Not unusual.
I have been running into more spun odometers on Volvos than I'd like. The funny thing is, while I'm trying to sell a 180k Volvo with actual miles on the clock, someone I know of just sold a 75K one... with around 175k. People like that make it hard for honest people like me. Volvos are notoriously easy "spinner" cars because they last a long time and it's believable that they might have lower mileage than some other cars that deteriorate fast.
Check Carfax, but remember, despite all the hype, Carfax is a business. They're in business to perpetuate Carfax. It isn't a charity, so they don't detail their significant shortcomings in many cases. The carfax reports can be used as a tool, but shouldn't be the rule by which one lives.
If the odometer has been replaced, there is absolutely no indication that it wasn't replaced after the previous owner drove 100,000 miles with it broken. That car is referred to as "TMU" (true miles unknown) and should be treated as such. If the price is right, it still could be a good value even if you aren't sure of the mileage. Some turbos run 100k and need replacement, and others get 250,000 miles or more. It bears some investigation.
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chris herbst, five volvos.
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