Hi Everyone. I'm new to this group, but have been in many similar groups for different cars. It's nice having a place to ask questions pertaining to certain cars.

I have a hobby of buying cars at salvage car auctions, fixing them and selling them making a little money or replacing my current car if I like it beter. I have had many different cars, but never a volvo until reciently. I didn't know volvo made a 700 series coupe, but I ended up buying it. I think this car is sweet - even more so after doing a little research. It has 77,000 miles, but the last owner was a smoker. It was painted green (was red), but it was a good job. The leather is nice and the interior for the most part is in good shape. I bought the car for $1300 (it was not a driver - donated car). I found the maintnence record in the glovebox and it was maintained at a volvo dealership - last service 70,000 miles - oil changed last in june. No body damage, But there is a catch.

There is a lot of water in the oil(no metal shavings, just lots of water). I replaced the oil and tried to start it - wouldn't start, and found the oil contaminated with water again (still?). Pulled the plugs - #1 looks fine #2 looks rusty #3 rusty also #4 looks fine. I'm hoping that rusty trend doesn't continue in the engine...

I'm hopeing it's just a blown head gasket, but my past experience with blown headgaskets is water leaking into the cylinders, not the crank case. I'm going to tear into it here in a few days, but I figured I'd see if anyone here has words of wisdom beforehand. Any experience with water being in places it shouldn't be would be helpful.

Thanks in advance for any help,
Jeff Thompson