Volvo S60 T5 P2

2000-2009Last updated: May 2026 · How this report is builtMay 2026

2000-2009 · 2.3L B5234T3 (250 hp) / 2.4L B5244T5 (260 hp) 5-cylinder turbocharged petrol

Volvo S60 T5 P2
Render © Car Checker

The first-generation S60 was Volvo's entry into the sport sedan segment, built on the P2 platform shared with the V70 and S80. The T5 badge denotes the high-performance turbocharged five-cylinder: a 2.3L B5234T3 (250 hp) from 2001 to 2004, replaced by the 2.4L B5244T5 (260 hp) from 2005 to 2009. Both engines are robust and capable of high mileage when properly maintained, with the five-cylinder delivering a characterful engine note and strong mid-range torque. The P2 platform has well-documented electrical and suspension weak points that are manageable if understood upfront.· more· less

Strong turbocharged five-cylinder Comfortable and safe platform
ABS module and CEM electrical faults Auto gearbox needs preventive care
Buy if: You want a characterful turbocharged five-cylinder sedan with good safety credentials and can find one with full service history showing timing belt and PCV service.
Avoid if: You are considering an early automatic model (2001-2003) without documented transmission fluid changes, or a car with persistent electrical warning lights.
Maintenance costs
€850 - €1,600/year
15,000 km/year
Fixed costs
€500-850
Risk buffer
€350-750
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Common Problems
Durable engine on a platform with known electrical and suspension weak points
The Volvo S60 T5 P2's five-cylinder turbo engine is widely regarded as one of Volvo's most robust units, capable of exceeding 300,000 km with regular timing belt and PCV service. The main ownership risks lie in the P2 platform itself: ABS module electronics, CEM water damage, automatic transmission servo wear, and front suspension components. All of these are well-documented with established repair solutions. Cars with manual gearboxes and no sunroof sidestep two of the more expensive potential issues. Budget for proactive PCV and suspension maintenance, and the T5 can be a rewarding long-term ownership proposition.
Buying a used Volvo S60? Check its history.
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Pre-Purchase Inspection Checklist
General checks
Specific for this vehicle
Recalls and Technical Service Bulletins
Driver airbag inflator (ZF, not Takata) may rupture on deployment (2000-2009 production) Critical - verify completed
Electronic Throttle Module (ETM) warranty extension to 10 years / 320,000 km (1999-2002 models) Verify completed
Front seat belt cable may fatigue over time (2006-2009 models) Verify completed
Fuel pressure sensor replacement (2003-2004 models with certain engine variants) Verify if applicable
Contact Volvo with the VIN to verify all recalls and service campaigns have been completed. The airbag inflator recall is particularly important on cars of this age, as the propellant can degrade with long-term heat and humidity exposure.
Warranty Status
Factory warranty (2 years) Expired on all P2 S60s
ETM extended warranty (10 years / 320,000 km) Expired on all affected models
Rust perforation warranty (12 years) Expired on all P2 S60s
All P2-generation S60 T5 models are well outside their original factory warranty and any extended warranty coverage. Independent extended warranty products may be available but are rarely cost-effective on cars of this age. Budget for maintenance and repairs accordingly.

↔ Also consider

Volvo S60 2.4 P2
Volvo S60 2.4 P2 2000-2009
Naturally aspirated version on the same platform. No turbo or PCV-related concerns, but shares ABS module and CEM electrical issues. Generally cheaper to maintain.
BMW 320i E46
BMW 320i E46 1998-2005
Similar era sport sedan. The BMW has VANOS and cooling system issues but simpler rear-drive layout. Running costs are comparable.
Mercedes-Benz C200 W203
Mercedes-Benz C200 W203 2000-2007
Comparable premium sedan. The W203 has SBC brake system issues on later models and rust-prone subframes. Higher repair costs at dealers.
Volvo S60 D4 P3
Volvo S60 D4 P3 2010-2018
Next generation S60 with diesel engine. More refined but adds DPF and diesel-specific maintenance. The P3 platform has fewer electrical gremlins than the P2.
Saab 9-5 Aero
Saab 9-5 Aero 1999-2010
Swedish rival with turbocharged performance. The Saab has DI cassette and sludge issues but parts availability is declining since brand closure.

This report is for informational purposes only and does not constitute professional advice. Estimates may be inaccurate. Always have a qualified specialist inspect the vehicle before purchase. We accept no liability for decisions made based on this information.