I owned a V40 1.5L petrol auto for five years and 65,000 miles and never had any issues with it. Automatic transmission is an Aisin geartronic so similar to your V70. The engine is a Volvo VEA 4 cylinder similar to the 2.0L but with a shorter stroke. The car needed a new battery and brake pads and that was about it.
I now have a 2019 model year V40 which recently needed a new battery and stop/start support battery and a new front coil spring but I suppose these items are only to be expected on a five year old car.
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