It is unfortunate to hear of all your problems with the car. We have been driving one for nearly 8 years now and it's still running great. I must admit that the cream coloured leather on the 850 can look worn quickly, but in our case it's black leather and I don't think that you could find a '95 model car who's leather still looks this great!
We have a '95 850 with Turbo, and it sends one back into the seats. It has held up entirely well, has an enduring style, and has been economical to maintain. And, I suspect it will be on the road performing years and miles after it's competitor vehicles have been laid to rest.
The author is not realistic about this. I own 850 T5-R estate, witch is equipped better than regular T5. It has 465000 kilometers on the clock and it works perfectly fine with only regularly wear. Well, I count the clutch change (2 times, at 205.000km and at 399000km) as a regular maintenance with so many kilometers on the clock. Never had to replace an O2 sensor, or anything else, witch is supposable ½common bake-down½. Everything still works fine after 10 years of ownership! I can only say: too bad they don't work these babies anymore!!!
I have a 95 Volvo 850 GLT and I LOVE IT. The only problem that I had with it was the radiator cracked, but that was at 170,000 miles. Rattles a little bit, but it has a solid ride.
The interior is holding up for a 14 year old car (owned it the whole time), just some minor fades in the carpet, nothing out of the ordinary. I would recommend the 850 to anyone. Oh and I forgot to add that I get 32 mpg religiously!