Faults:

The seats Have worn down around the edges with few cracks visible. Overall that is all that has gone wrong! and that is general wear and tear.

General Comments:

This car is a head turner, It blends luxury with a sporty engine and look, the C70 Turbocharged Convertible is comfortable in all weather, Although it has a turning circle of a Jumbo Jet the Handling around turns and in the wet is superb with all the Traction Control and features. A very nice interior with high standards for luxury. The Most Comfortable Convertible I know of, Although like any Convertible there's occasional "creaking" sounds when going over Bad Road Surfaces and Bumpy Roads, We Took it out west of Australia for a long 6 hour cruise and it was a bit bumpy with rattles here and there, though this is normal for convertibles and the excellent Audio System covered the rattles up and the Super Soft seats with seat warmers that hugs you kept us comfortable on the long trip.

Faults:

Oil seals have been checked by 2 dealers. Although under warranty, each dealer charged me $100 to investigate what was going on (car made pinging noise when idling).

Seats rock back and forth when braking or accelerating.

Various warning lights come on and off at different times making you wonder, "Is my brake system failing (gasp) or is it just a lights thing?"

Power Seats and windows are so slow that people actually make fun of it when they get into my car.

Power windows rub-- Dealer has tried to fix it twice now (actuator motor went out once.. they still rub)

Oxygen Sensor went out at 45,000 miles. Dealer replaced under warranty (thank God, that was a $1500 service). There are two sensors (from what I was told). They both went bad.

Steering wheel makes rubbing noise when turning (more pronounced when cold outside).

General Comments:

I love the looks of this car and the fact that you don't see them around too often.

Also, the stereo is great, as are the seats.

However, the dismal reliability have completely soured me on Volvo as I promise myself to never buy one again (lease one for 3 years if you want one).

Faults:

An o-ring in the oiling system went bad and resulted in a lack of oil getting to the upper engine.

Anti-lock brake module started malfunctioning after 50,000 miles. Dealer stated this is extremely common on most 96+ Volvo models. This results not only in non-optimal braking, but loss of speedometer function at least half the time while I'm driving.

Radiator needed replacement at 55,000 miles.

Electronic Throttle System started to malfunction at 60,000 miles. Dealer personnel have also stated this is a very common problem on 99-01 vehicles.

There are many leaks in seals where the frame-less windows meet the rubber trim of the body. This results in extremely loud wind noise at highway speeds, as well as flooding of interior during automatic car-washes. Dealer has not been able to remedy the problem.

Radio head unit has been replaced twice because of Cd's jamming inside of it. The third one still has same the same problem.

General Comments:

This is a great car if it weren't for numerous reliability concerns I've had.

Since it's a high-pressure turbocharged car, low end acceleration is dismal because of turbo-lag. But once the turbo is spooled up, car is amazingly quick for a front-wheel drive car.

Handling is also very good for a front-wheel drive luxury car.

Stereo is excellent as far as sound quality is concerned.

Seats are extremely comfortable.

Because of non-symmetrical 5 cylinder configuration, the car vibrates a lot.

Dealer service is extremely expensive.