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Jay,
I wrestled with this same question after I had owned my 94 960 (150k) for about a year and watched the posts on this board. At one time I was ready to unload it for a song just to avoid a major repair. Then I read a post this forum about a year ago about the 960 owner whose car went over the edge of a seventy foot cliff in California, and he walked away without a scratch. Didn't even deploy the air bags. I went home that afternoon and kissed my Volvo. Right on the hood.
Since that time, I've decided to stay the course. My 960 has experienced the usual list of problems (PNP switch, rotors, radiator, no start with collapsed valves, etc.). But all of the problems I've had are well-known and can be diagnosed and repaired by a shade-tree such as myself with the help of the people on this board. The consensus of collective wisdom here seems to be that the transmissions and engines are rock solid (excluding electronics), and that with proper maintenance will last hundreds of thousands of miles.
While there are the horror stories (remember the General's experience with "the Pig"?) of catastrophic failures that essentially total the car (e.g., timing belt failure that trashes the engine), I'm betting that proper maintenance can greatly reduce the chances of it happening to mine.
Plus I take comfort in the knowledge that I can always drop in a Ford 5.0, if it comes to that. It's a great road car. And it's a safe car for the wife and kids. That's my two cents worth.
Robert
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