We could provide more info with more specifics of what maintenance history you have for the car. I budget $1500-2000 per year for maintenance/repairs for any used car over 75k. A car with a known history (yours) is often cheaper to keep running (assuming it hasn't been neglected) than another used car with say 100k miles on it because things likely have been neglected. It might be worth taking the car to a good independent mechanic and asking them to look it over and give you a list of what it needs. We could help parse that list. If that totals more than ~$4000 then maybe it is time to move on. Otherwise, it's a nice safe car. My daughter has a 2007 V70.
Hey guys, thanks for responding.
It is the T6 model with one owner before me. It was well maintained and had all service records (done at the Volvo dealership) before I bought it (carfax showed + receipts). I've had an independent mechanic look at it and fix the issues it's had the last 3 years: bad coil, spark plugs, alternator (went this past weekend), engine mount, headlight filled with water, and other things of this nature.
Things I know wrong with it:
Burns excess oil. However, the mechanic used an additive, and now it makes 3 months before the oil light kicks on.
Very small oil leak. Supposedly, it's in hard to get to a location, and the labor is the costly part to fixing this ($1,400). The mechanic doesn't think it's a concern but keeps an eye on it.
And one of the joints or something similar broke (I can't remember exactly). He said I should fix it, but it was not a concern until the wheel started to vibrate. It's roughly a $600 repair.
The car drives great. The turbo is nice, and there are no noises when driving. I do like the car and would be happy to drive it for 2-3 more years. If I can maintain it for $1,500 - $2,000 a year, that isn't terrible, considering a car payment would be around $5,000 or so.
Based on that information, do you think that's pretty standard stuff or does anything stand out as a concern?