The rear shocks had to be replaced at 166,000 Km (103,000 miles) at cost of US$1,000 plus labour.
It was a shocking experience for a person like me with no deep pockets!
The heater fan started to make a lot of noise started at around 170,000 Km at a cost of $280.
From time to time, the engine won't turn over the first try. However, the second try usually would do the trick.
The brakes on my Volvo tend to require much higher frequency of service than any other vehicles I have ever owned!
In general, older Volvos are relatively cheap to purchase, but very expensive to maintain.
A 10 year old Volvo, given proper TLC and deep pockets, could probably last another 10 years or so.
However, be prepared to expect higher grief per mile comparing to other makes like Honda & Toyota.
This was a premium vehicle in it's day, and so demands a premium for maintenance. A Toyota is certainly more suitable for those who prefer low running costs.
It's a shame that the writer did not do more research into the rear shocks for this car. It appears that he was ripped off by the dealer. The original equipment BOGE NIVOMAT self adjusting shocks can be had for less than $200 each on the Internet and are easily replaced by the owner. If that is still too much, there is the option to replace the shocks with standard ones for about $100 for the pair. This only applies to sedans through 1987 and wagons with a solid rear axle. IRS models form 1988 through 1990 must use the original type of shocks for replacement.