My brother-in-law just bought a new Volvo XC90 and has offered me his old car, a '93 Volvo 940 turbo wagon, for $1,800. It has 140,000 miles. Also, it has a salvaged title, it was in a bad wreck ~ 8 years ago, hit on the side and totaled (and then rebuilt at which point he bought it), but he's had no problems with how it drives nor any mechanical problems with it. I've driven the car, it runs great.

I'd plan on keeping it for 12,000 miles or so (about a year) at which point I'd like to pick up the redesigned '05 Honda Odyssey (though I'm still thinking about the Volvo V70 or a Volkeswagon Passat wagon).

Is the 940 a fairly reliable car? That is, if I buy this, should I reasonably expect it to make it another 12,000 miles without any major engine or transmission problems? If I buy it, it'd be replacing my current commuter, an '88 Chevy Celebrity. If it were a Honda or Toyota I wouldn't hesitate to buy it, I really just don't know that much about the reliability of Volvos.

Thanks!