Well I can vouch for the 99 V70 GLT's being crap, hell ours took $2K/6months and twice there wasn't even a servicing involved! Then there was a $4K charge for a second tranny at around 40K miles...a year or two after the initial purchase date. Granted it was used but it was a 3 year lease from that dealer with complete service records. The thing seems to be running fine now, aside form leaky shock/struts, minor interior defects, worn down brakes, and the need for new hoses (current ones are 10+ years old). Other than those things, it's beast now! The engine has never had a single problem and it's the turbocharged 2.4L I5 with one of the absolute best notes ever. You get a growl down low and then it starts to yell back at you and then around 3K RPM you get that waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa...pshhhhhhhhhhhh hhhhhhhhhh form the turbo. It's just great to hear. Definitely worth it to find one and gun it a few times.
Anyways, prior to 98 every Volvo was beast! The cars never cared when you serviced them, 3K mile intervals...15K mile intervals, didn't matter, they always ran and ran good. Oh well, they've gotten back up to that reputation, just don't get one built between 98-05 or 06. You'll learn why within a year. haha