Car leaking transmission oil

check the colour of the transmission oil --it should be bright colour and not smell burnt
run the fault codes as it may be engine sensor problems or TCM problems
Unless the timing belt has been changed ,it is 20.000 miles overdue for a belt change ( big money repair)
( volvos s60 --30.l,s80/t63.0l/3.2l, v703.2l, xc60/t63.0l/3.2l,xc70/t63.0l/3.2l, xc90 3.2l) all run timing chains
Have an independent inspector check the vehicle over

Try to locate where it leaks from ,might be from oil pan or drain plug or transmission or fly wheel seal.

Put a cardboard under the car to locate the exact spot. Good luck

It sounds like the rear oil seal on the oil base pan is leaking......You have to remove the base pan and replace the front and rear oil seal.They just sit in the grouve of the oil pan.You can also try retorqueing the bolts first to see if they came loose over time. Hope this helps.

autozone.com sign up its free then click on repair manuals you will find all of your info there....good luck

No way to tell over the net. There are 10+ places where tranny fluid could leak from. You need to powerwash the car and then run it for 20min and get a more specific place where the fluid is coming from. And maybe we can help you better. Possible gasket, hole in trans pan, could be a line or at the radiator or hole in the trans or even a seal at the axles!!

IT IS INSIDE THE TRANSMISSION OIL PAN ---- NOT A JOB YOU CAN DO AT HOME WITHOUT A HOIST AND THE KNOWHOW

Hi, I have a 1996 Volvo wagon 850 turbo. I just bought it and when you hold the rpm's at 3 and a half it was blowing out smoke after about 600 miles it stoped smelling like burning oil and doesn't blow out any smoke. But I use a court of oil in about every 150 miles. What could this be?
Thank's Jodie

It's on the engine, right next to the starter, it has one wire going to it. You don't need to drain the oil. If the light is coming on, you may have bad seals in the oil pan, a fairly common problem, but replacing the switch is a good fisrt step.

Get a repair manual from Autodata or Haynes Manuals.

Sounds like maybe a freezeplug...definitely have to go to shop if that is the case.