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Soren,
A couple of comments on Phil's reply. He's on the West Coast, I'm on the East Coast, and in the NE corner to boot.. In general, WC Volvos in excellent condition are more common there, and in the Southwestern US, than on the EC. They are also likely to have higher mileage. Both factors may contribute to keeping their prices down compared to on my side of the continent. So I would add, let's say, $2-3k for a top-notch EC car. Around $5000 for cars in your second category - a good solid daily driver in original condition, but that could do with a bit of sprucing up -- sounds about right for the EC too. Running beaters would be in the $500 area, but they would, generally, be a lot rustier than WC cars. It would seem that the best buys on the Eastern US come from a region between Washington, DC and Northern Florida, a hundred miles away from the Atlantic and Gulf Coasts and roughly west to the Mississippi River -- less rust combined with lower mileage.
Bob S.