And Volvos don't have "questionable electronics"?! (Hmmm...lemme think, 1982 - 1987 wiring, perhaps the worst in Automotive history.) Seriously, I can not honestly say Audis are the greatest thing since sliced bread, but then I can't say it about Volvos either.
Now, ranting done I will try to rationally help. You are comparing apples to oranges as has previously been said. Engines? Between a 1993 Audi V6 an a Volvo I5 turbo I would take the Volvo. N/A with 5spd as mentioned above sounds good too. The basic 100s is not an Audi that would excite me, and I can't imagine this choice is close in price either.
As far as weighing specific problem areas and risks I offer the following comparisons:
Electrical and climate control: advantage Audi (can anyone say evaporator?) Audi electrical systems are not as bad as people make them out to be...they are pretty solid from late 1980s on, as are Volvos now.
driveline and suspension: slight advantage to the 850 due to the manual trans
Engine reliability: Both are relatively new designs that do not have large numbers of cars up in the multi-hundred thousand mile range for datapoints. The early Audi V6 engines had some oil consumption issues and use a pair of very expensice catalytic converters. Advantage Volvo 850 (in this comparison only ...if we were comparing the Audi I5 20v turbo to the Volvo I5 20v turbo I would go the other way).
Fit and finish quality: Audi wins hands down
Safety: Slight advantage to the 850
Service requirements and costs: Despite what was written in this thread about Audi parts prices, my personal experiences (7 Audis and 4 Volvos to date and many miles on all of them) are otherwise. In almost all cases equivelent parts for my Volvos have been more than for my Audis, not a lot more, but more. Also, in every case where I have history since new the Volvos seemed to rack up as much, if not more, in service costs. The service intervals for my 1994 850t exceed the service interval requirements for my 1987 Audi 5000 turbo quattro. Despite the Audi model in question having some issues (oil consumption and catalytic converter issues) the Volvo can too (gobbles brakes and the AC evaporator fear) so I will call this a draw. (In other words, either way is a gamble...which way will you be luckier is the real question.
Fun factor: Given the choices, advantage Volvo. If the Audi were a quattro, with a stick, this opinion would change.
I had to make this very choice myself. I am a die hard quattro fanatic (and am the Motor Sports News Editor for the Quattro Club USA's magazine). I was trying to choose a new (to us) wagon for my wife to get her into something newer than our 1983 245t that would also double as our family road trip car (relegating my aging quattro to a backup role there). Audi 100cs quattro wagons are available for around 10-12k. Automatic only and have the issues described above. We opted for a Volvo 850t wagon (paid 8600) for various reasons, but to be honest I feel the Volvo was slightly more of a maintenance risk, but very close really. It came down mostly to price and my wife's preference since it is primarily her car.
I would be looking at other Audis, but the Volvo mentioned sounds like it should be followed up on. It is lighter and doesn't have all that much less power and *may* be slightly more reliable and certainly more fun. Good luck to your friend...
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