This is what I'm trying to avoid -seems to be from the exhaust (ERG system)
From the P2 forum.
http://www.volvoforums.org.uk/showthread.php?t=94139
re extended warranty Ive had 3 Volvo v70, all ran extended warranty til the cars 5th year. In each case they were worth the money. the fisrt was an V70 P1 with Audi TDI - snapped cam belt took turbo and diesel pump. Volvo paid.
V70 T5 several minor bits and pieces, just about covered warranty cost.
V70 AWD R - saved me THOUSANDS. -Volvo paid
Don't know enough about P3 to comment
Cheers
Bob