Faults:

Other than common wear items (tires, brakes, etc.; the only problems I have experienced are:

Sunroof sagged on its tracks, creating a leak.

The car had some wiring issues with the power drivers seat and the taillight harnesses.

The leather on the front seats has firmed up, and the part of the drivers seat-back that is brushed while sliding in has worn noticeably. (This can, no doubt be blamed on the previous owner not treating the leather properly).

The car takes a bit longer to start in either very hot or very cold weather, or when the engine has been run very recently (i.e. a quick hop into a store for a few minutes). The car always starts, it just takes a bit longer in those situations.

General Comments:

Overall, I am very pleased with the car. Volvos really do have a safe and solid feel about them, this car is fairly heavy despite its mid-size dimensions, which only adds to the feeling of solidity.

The front seats are still firm and supportive, while the back is extremely soft and couch-like; both very comfortable in their own way.

Steering is suprisingly agile on tight corners, response is just about where you want it.

The ABS system is truly excellent- could stop on a dime if need be.

The transmission shifts smoothly and quickly (far more refined than the automatic in my parent's '02 Chrysler).

Despite the rather small engine (2.4 liter four cylinder), acceleration is above adequate for a car in its class, and easily maintains acceleration up steep hills.

After 13 years and 112,000 miles, the engine still tests at the specified 160 horsepower, and doesn't consume a single drop of oil.

The car is safe and dependable, yet quick and agile when needed. The level of comfort and luxury is a far cry from my 71 Beetle.

No question about it, this Volvo is built to last. The B230 engine is practically bullet-proof, and the 700 and 900 series cars have proved virtually immune to rust. The only limitation on how long this car will last is, quite simply, how long I want to keep it.

Faults:

The headliner is not that attractive.

Had a burnt valve (not bent) last year at 120000. Had it all fixed (1000 USD), and then it's in the shop today for the same problem again. The mechanic feels that it was their fault and he's giving me a discount, even though it's been a little over a year and thus no warranty for service/parts.

Watch for oil leaks weekly. Check oil weekly and replace as necessary. Religiously regular oil changes.

General Comments:

This car does well on trips... family of two kids and it's roomy and easy to travel in.

I love the "old luxury" of the car. Seat warmers are nice in winter.

1991 car in 2004 makes for an old car, but the style is standard and pretty classic and easy to work with.

As parts become cheaper this car becomes easier to maintain.

The 16 V of this series is very hard on the engine. Not enough bang for your buck. I've been told to sell as quickly as I get it back from the mechanic, and will do so. Sorry Volvo! Can't afford a new one, but would buy a newer one if I could afford the dang repair costs!