Had to replace head gasket. Car overheated (bad thermostat) and warped the head gasket.
The air conditioning runs, but won't hold a charge. It has been checked many times, but I'm always told that there are no leaks.
The sunroof leaks and has stained the headliner. The head liner is also falling apart and the foam backing is disintegrating and creates dust in the car.
What a reliable car! As old as it is, it just keeps going.
I have the Turbo Station Wagon and, believe it or not, I still get comments on what a good looking car it is. The paint has really held up well and still has a nice shine. Its actually pretty sporty looking with nice rims and wide tires and no ugly luggage rack to make it look like Grandma's car.
I love the turbo. I get a kick out of coming off an off ramp and accelerating (FAST!) to get past the car that won't let me over. Sometimes I'm amazed that the car is only a 4 cylinder.
My 1988 Volvo has more options on it than my 2000 Subaru. Leather, power, heated front seats; good stereo; A/C; power windows, locks, and antenna; air bag; ABS brakes; sun roof; and huge cargo area.
My biggest gripe would be the fact that I can't drive this car in the snow (what's the point of the heated front seats?). It's an accident waiting to happen. The rear wheel drive with the light rear end makes for a driving nightmare on wet or snowy roads. It fishtails with the slightest acceleration or tap of the brakes.
Although my leather seats have held up very nicely, many other interior components are showing their age. The carpet is worn, the dash has a crack in it, the dome light is falling off, and the headliner is a mess. Everything is rattling and loose.
Mechanically it is still going strong.