In Texas, the car is only eligible for the $7,500 fed rebate -- there is no additional tax rebate available.
Since this rebate has already been used by the original owner, it should be deducted from the cost of the car that the owner is selling.
@ bigbearballs--Should you purchase a new or inventory car (that has not previously been titled) you could apply for the $7,500 fed tax rebate.
I have seen at least two other S60s for sale by private owners, and they were right at or under $50K.
And they both had fewer miles.
And Leather interior.
Don't recall if they had the piano decor or not.
The trailer hitch is a noted feature, but not worth that much of a higher price...
Good luck negotiating with this seller, or consider a CPO 85, or maybe an inventory car.