From the factory, the T5 had a 2.3L with a high-pressure turbo and a forged crankshaft, the GLT had a 2.4L low pressure turbo with a cast crankshaft.

Sounds like there is a story, somewhere.

I don't know anything at all about the dealer that Klaus linked, but they seem to keep an inventory of relatively sane, cheap cars.

-BTC

'98 V70 T5 210K mi., 5-speed manual, original clutch, heated velour cloth comfy chairs, factory HD suspension (1998 only), front IPD stabilizer bar, Volvo strut tower brace and skidplate, XC grill, C70 jewel E-Codes, V-1, Lidatek, IPD stuff, JB Weld, Original Duck Tape, zip-ties, Mobil-1 since new.

(Outlasted the Acura that replaced it, and might even outlast the BMW that replaced the Acura.)

http://philadelphia.craigslist.org/ctd/5911475944.html

The above for $2500 or less? Nice seats, much newer car, the paint matches. I would like to see the carfax and only 1 key??? An extra key is worth $250. All this wagon needs are tinted windows in the rear, looks like someone forgot to put the rear cover back in the car before selling.
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Keeping it running is better than buying new

A blue hood and spoiler on a green car??? Timing cannot be adjusted. The T5 is a low pressure turbo? Not from the factory! Engine replaced???? and now the ECM is not doing proper fuel management, resulting in bad acceleration?

Oil leaks? Sounds like it is going to need a bit of elbow grease and PCV work, unless the RMS leaks because the clutch replacement was not very good.

He has no pictures of the driver's seat. At that mileage, expect some wear in the driver's seat.
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Keeping it running is better than buying new