Here is what I would do to a new 960. You could work backwards from this to see what has already bee done. Hope this helps.
What to do With a New To You Volvo 960
$1469
1. Timing Belt, tensioner, idler pully, spring damper, water pump ($550)
2. Replace Flame trap & seal ($10)
3. Replace serpentine belt ($35)
4. Clean throttle body, IAC with throttle body cleaner ($10)
5. Check codes, record, clear all
6. Test/replace battery ($130)
7. Replace oil filler cap gasket ($4.00)
8. Replace brake pads, slider pin boots, clean & lube slider pins, calipers ($100)
9. Spark plugs ($38)
10. Air filter ($40)
11. Vacuum elbows ($2.00 each)
12. Oil, filter, 10w30 ($40)
13. Replace fuel filter ($25)
14. Flush transmission fluid using rad line, Dexron III atf ($70)
15. Flush coolant, use Volvo blue, 50/50, water/coolant ($40)
16. Silicone spray rubber door, hood, trunk seals ($5)
17. Consider getting car detailed, esp engine shampoo. Makes it easier to see leaks, preserves hoses, vacuum elbows, easier to work on ($220)
18. After above, consider getting car appraised. It is an older car, and an appraisal will help preserve it’s value in the eyes of insurers ($150 1st time, $65 after that)
19. Check: engine mounts, control arm bushings, sway bars, rad hoses, upper rad neck, brake flex lines, parking brake condition, tie rod assembly
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