I have the more 'repair intense' turbo 850 (96-103k miles). I bought it new and it is the first car I have ever had (started driving in the mid 50's) that, after two years, I didn't start lusting on something else. I like the looks, the handling, the power vs mileage (28 mpg-and I'm not a timid driver), etc. and intend to keep it for many more years.
The amount of problems you are going to see is a function of maintenance and driving habits. Do a lot of full throttle accelerations, hard cornering and driving mistreatment in general and any car will say ouch.
I do most of my own routine maintenance, change oil (Mobil1), flush tranny (EASY and use Mobil1), ignition system tuneups (easy), pads and rotors (easy), etc. I have had only a few minor problems--cam position sensor, roll bar connecting arm (easy, cheap fix) and now need to send my ABS sensor in for a rebuild with Victor Rocha. No problem with leather cracking, use Leatherique to maintain. Rear seal might go out in next 50K miles? (I'll let my indy do that one) New struts and spring seats? do that myself. Timing belt replacement--many cars require that, but another DIY project.
Anyway, it's all a matter of taste, after all--if you like the car and find one that has been well maintained (badly maintained 850s will bite you hard, but won't most any car?)and driven reasonably (see if you can find out how many sets of tires it's had--a good clue, or how many times pads & rotors replaced) then buy it and enjoy. And don't shy away from turbos, the Volvo turbo is a sturdy one and the car is really fun to drive.
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