I currently own two Volvo's and previously owned another one.
Let's start at the beginning...
2006 S40 2.0i manual bought in 2012 and sold in 2014. Bought on 68k km and sold on just over 100k km. In that time we replaced the battery and the front shocks. Front shocks were R2950 for the pair. Services ranged between R1200 and R1800 at the local Volvo specialist. Hands down the best car I've ever owned as a package - reliability, comfort, economy, etc.
2009 S40 D5 Geartronic Auto. Bought in 2014 and still own it. Bought on 88k km and now on 103k km. Awesome power from the D5 engine, very good "High Performance" sound system. Xenon lights, electric memory seats, the list goes on. In the time we've had it, I had the wiring to the bootlid repaired at R650 (Volvo Specialist), rear brake pads R1600 (Volvo Specialist), major service R3500, Coolant reservoir R650 (original Volvo part), Wiper Blades R550 (Volvo OEM), Battery R1400. Hardly a money pit, just normal wear and tear and maintenance.
My daily drive 2005 Volvo XC70 2.5T Geartronic Auto. Bought in 2014, still own it. Got it with 74k km and now on 89k km. You would have to look far and wide to find a more comfortable car to be in, full stop. Absolutely fantastic seats, feels like a well made leather lounge suite. Enough power - 154kW and 320nm is not to be sniffed at. Enough space for me, wife, kid and dogs to go away for a weekend. Keep in mind now, this is a 10 year old car that basically stood for 4 years when I bought it. I did a service R1800, front upper shock mounts R850 each, vacuum pump R3000, vacuum switch R650, upper engine mount and lower gearbox torque mount ~ less than R2000. I also had to put on 4 new tyres as it is essential to have the same tyres for the AWD system ~ R4500. I fitted Falken high performance road tyres, which I'm regretting a bit now. 15k km in, and they are showing significant wear. The compound is just too soft for the weight of the car (1.7ton unladen) and the AWD system. The car needs to be on more offroad-biased tyres and I would probably go for AT's if I had the chance again.
Let's talk resale - bought the S40 2.0 for R107k and sold for R90k two years later.
Bought the S40 D5 for R129900 - should easily settle the bank if we sold now.
Bought the XC70 for R110 000 + Warranties = R125k. Currently sitting with an offer for R112k on it.
Yes, I would probably own a Volvo product for the rest of my life. They are just fantastic used bargains. You get loads of car and masses of kit for a very reasonable price.
BUT more importantly - the reason why I am not scared to own Volvo's out of warranty:
SWEDO TECH BLOEMFONTEIN
www.swedo.co.za
They know Volvo's inside and out and they are very reasonably priced. They don't try to shaft the customer and they rather fix properly than replace.
For instance, my XC70 is now due for a cambelt replacement due to age. (Mileage for it is ~160k km). Swedo Tech advised that they can do the rubber belt only as the metal rollers and tensioners should still be fine due to the low mileage on the car. Should cost me R3k instead of R15k.
Hope this helps.