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Service records and more service records. 1999 was the first year for VVT, which is a good thing. It also was the first year for coil over plugs, and the coils are known to fail after getting too hot. The coil over problem is not too bad, about $40-50 each, and usually affects #3 and #4 plugs.
The tranny and engine use synthetic fluids. Expect to flush the tranny, ccoolant, and brake fluids. If you have a good Volvo mechanic around, it would be worth $100 to have it inspected.
Klaus
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Volvoless. Sold the R. There is now a void...
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