Before you buy
Later cars perform better and have improved rustproofing, but that doesn’t mean the earlier models were poor in either respect. The overhead-cam engine was a solid performer, though the three-speed automatic gearbox took the edge off it. The V6 should have been a bahnstormer but was disappointing: the 240 GLT had its legs and soon replaced it.
Check overhead-cam engines for emulsion under the oil filler cap or in the radiator, indicating possible head-gasket failure (it’s not common, but can happen), and for excessive rattles on start-up or when running; the cambelt lasts well and doesn’t damage valves if it fails. With V6s, look for a comprehensive service history and check for smooth running and no overheating; poor examples drink oil.
Gearboxes are strong but check for oil leaks. Volvo was a keen exponent of the electric overdrive – delightful to use – resisting fivespeed gearboxes until the mid-’80s. On the autos, check for burnt-smelling, blackened transmission fluid, indicating a rebuild is needed.
All 240s had very strong brakes – all part of the safety image – so anything less than perfect on the test drive means attention is needed. Most have power steering, so check for rack leaks and wear in the steering and suspension joints and bushes. Shock absorbers tend to get a hard life, so budget to replace them if the ride is bouncy.
Check all electrics, including the heater and air-con if fitted. These cars were comprehensively equipped; damp in the fusebox can wreak havoc.