As mentioned earlier, find a good local mechanic to fix this car and stay away from the dealer or prepare to be taken to the cleaners! You may run into oil leak troubles with this model. Mine's been leaking slowly for five years and five different mechanics have been unable to fix it except for very short stretches. I paid $4K for this car when it had 70K original miles. Not a bad deal but I've put at least $5K into it over six years so it's affectionately known as the $9,000 washer/dryer. This car isn't cheap to fix but overall it's been reliable (no major repairs and it's going on 209K miles)! The single most expensive repair bill was $1,300 for various items around 150K miles.
This car will not die on you if you take care of it.... well... even if you dont it probably still wont die... this car can go faster than you EVER need a car to go, and its fuel economy is amazing considering its a hunk of metal.( i get about 28 to the gallon) Best part. they sell for cheap! lots of people who get them, sell them simpely because they have a flat tire, a fuse blows, spark plugs get old, or they get a newer car. seriously changing your oil and occationally checking your fluids, is all this car seems to need.
The 240-series Volvos were being produced for over 25 years. It's a simple and reliable car, whose design was perfected over time. Not a flashy car, but a very reliable one that will take all your abuse and keep coming back for more.
My boyfriend had one in his garage for about a year before I bought mine. Even though he didn't drive it, he refused to sell it to me because he was too attached. Now I have my own. It's a wonderful car. I love the boxy (but not too boxy like 740s) look. Runs great, comfortable. Always reliable.