Coolant leaks.
Electrical wires corroded, repaired.
Minor Oil leak, poured some anti-leak fluid into the engine, much better.
Transmission is starting to wearing out. Flushed it to keep it going a bit longer.
It had a really bad vacuum leak, fixed it, and the car gets better gas mileage.
The car doesn't have much get-up-and-go. But when the Turbo kicks in, it's really fast.
Turns corners on a dime.
Breaks are a bit squeaky.
Stops on a dime.
As far as acceleration goes, best car I've had.
When I order parts to get it fixed, it takes a long time, and it's really expensive because I am in the U.S.
I own this same car with 260,000 miles on it. I've had problems with it too, the most major being the tranny just going out on me, but if you do a little looking around or have a small shop do some looking, you can usually find rebuilt parts for way cheaper than what you would get through volvo.