Personally, I'd grab it in a heartbeat.
A little sludge can be cleaned out.
Keep in mind that to own one of these you need to invest in about $500 in special tools and volvo green manual to work on it ( even if you don't do your own work,and have a good vW diesel man around, you still need the tools if you travel any, because a mechanic in dirtwater is not going to buy the tools or books to fix it correctly, unless you are in europe, where diesel mechanics grow on trees).
My daily driver '84 240 diesel has about 240,000 miles and running strong ( We're taking it across the country on vacation shortly).55,000km is barely broke in, it hasn't even had it's first timing belt change yet (although with that many years, I'd be inclined to change them early)
The engine is not a problem engine....if you follow directions. Something that many 'expert mechanics' seem to have trouble with. If you have the right book (not chiltons, it's wrong), and tools, and follow directions, explicitly, it is a very simple engine to work on. I aquired both of my diesels that had been left to scrap after expert mechanics got their hands on them and tried to dig in without the proper tools and book. I don't care how good you are with toyotas or whatever, you can't eyeball anything on these engines, and you can't get around the special tools.
Tools can be purchased through www.baumtools.com or www.etoolcart.com you haveto call either of them, diesel tools don't show on the websites. Volvo green manuals can be regularly found on ebay, and the engine manual is still in print through Volvo bookstore.
Feel free to Email me if you need any more info.
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-------Robert, '90 240 wagon, '84 240 diesel , '80 245 diesel
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