Anything I should look at or be concerned about with a S60 AWD 2.5T Automatic? Car has 116,000 on the OD.

 

I have limited experience with Volvo, but purchased a 2004 S60 2.5T earlier this year and recommend:
1. Check that instrument panel is working including cluster, message display panel
2. if you have a scanner take that with you to check codes
3. While the car is warning up, check transmission fluid level and color. dipstick is yellow and difficult to find. but its on the left side of the gearbox
4. Make sure your test drive is at lest 20 minutes so that the transmission oil is hot (problems if any will manifest)
5. After test drive check transmission fluid level
6. Ask/check if the drive belt and timing belts have been changed
Make sure stereo is off during test ride.. keep your ears and eyes open

Good luck

 

i'm also picking up my '04 s60 2.5t AWD next week, can't wait.
timing belt will probably need to be replaced soon. how much should i be paying for parts/labour? is $300 fair?
any other common issues to look out for?

 

I paid $500 at dealer. If you can get 300 jump on it.
I quoted at 4 different shops and dealer beat the price.
I also got software update while in for service and improve transmission shifts.

 

I would do the PCV glove test on the dip stick and the oil cap. To make sure the PCV system isn't clogged. Especially for the Turbos and depending on where the car is from in the country with the different gasoline blends etc. PCV issues are killer.

 

+1 (good one)

 

Timing belt for $500? That seems to cheap. When doing that job at 105,000+ miles the rollers and water pump should also be changed. I'd be surprised if you can get that done for less than $700 at a dealer.