This car is absolutely a tank and a workhorse. I have driven the crap out of it and it just keeps going. In the 15 years my dad and I have owned it, we have only had to invest about $2000 in it, not including routine maintainence.
It is ugly to most, but it has the tightest turning radius and will just go go go.
Not very aerodynamic, the air conditioning is poor and conversation is difficult with the windows down.
This is my second 240. I have driven the car over 100,000 (it has 177K 3/06) with only minimal problems (one bad fuse, an idling problem, warped rotors, broken door pockets, had to replace factory radio and speakers). We have an independent Volvo mechanic in Kingsport who keeps her on the road. This is not a fast car but it keeps up with traffic pretty well considering its weight and its 4cyl engine. This car is perfect for persons who want something safe to drive and enjoy driving something a little different. If you are knowledgable with auto repair, you'll find that the 240 is easy to maintain. The AC stinks and robs what little horsepower you have.