I first purchased the car from an auction, and it had a small collision.
The only real problems that I found was that parts were very expensive (air bags) and it was a bummer when the a / c went 5000kms after I got it on the road - it was summer.
Despite the dead A/C, the car was great. It was very comfortable, and had kick.
The car's life ended in November 2004, when it careened into a rock near Kingston, Ontario at 120 km / h. And after getting towed out of the ditch/ rock we still managed to barely make it back to the cottage. The wagon had $14 000 in damages when I got an estimate for insurance purposes.
There were other accidents in the same area where cars were totaled just 2 km away.
Safest Car EVER!
We got out of the car scratch free, mind you the entire drivers side of the car was Twisted, and the drivers door wouldn't close, but with help from duct tape we got home.
I have since bought a 740 turbo, in which the turbo went recently (my fault - couch on roof on hwy) and am replacing the engine, also looking at buying a 1999 V70.
I would have loved to see you drive by in your Volvo wagon with a couch on the roof! LOL Turbos overheat insanely easily when pushed to their limits, so any extra strain on them, like an extra massive amount of wind resistance on the car at highway speeds, can kill the turbo. I find the power of non-turbo 940s/740s far more responsive anyway. They instantly do what you want them to do, not having a delay of power until the turbo kicks in full boost. I hate turbo cars for that reason.
I agree with the other comment. Turbos do heat up very quickly, BUT I thought I remember reading in the owners manual that the car is only designed to provide full turbo boost for X amount of seconds before it releases automatically to prevent overheating. I most definitely agree that the non-turbo version of this engine is far more responsive off-the-line. In around town and city traffic I find the non-turbo 940 much more drivable. It responds more quickly to pull out onto roads and into busy traffic. At highway speeds the extra power the turbo provides (and gas it eats) is unnecessary. The non-turbo is adequate just cruising at highway speed. Really, the only times the turbo is noticeably appreciably is when accelerating to highway speeds and driving on hilly terrain. Other than that it's a total waste of gas and money. The turbo version is also not quite as durable in the long run.