Faults:

Worn flywheel leading to starter-engine failure (twice).

Fan-motor blown after 21 years of impeccable reliability.

Replacement gear-box worn out after approximately 180,000 km. Original gear-box must have worn out at 270,000 km according to my math.

There were frequent replacements of parts of the exhaust.

General Comments:

Considering the high mileage when bought the car has proven incredibly reliable throughout my ownership. Nothing went wrong that could not be anticipated with such a well-used car.

The Volvo is quite noisy, even when you compare it to its contemporaries in the high end of the price range, but apart from that it is very comfortable on trips which are no longer than approximately 500 km.

The body is incredibly sound. Only minor specks of rust has appeared in its 23rd year.