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I guess it depends on your situation. If you already have a one or more (small fleet) of 200/700/900/850/letter-cars that you maintain and enjoy driving, then picking up another project car is a significant consumption of time (assuming you have the time to spare), and may not be worth the effort.
However, if you're fighting to pay your student loan payments, and are just stepping out into the post-college life (as many of my friends are), then this is a STEAL!
One of my friends bought a 740 recently for $350, with a decent amount of rust and abuse on it. Two weeks later, he was in an accident at about 25 miles an hour (hit in the front while making a turn). We swapped a fender, bumper, and a headlight assembly and the car is still crusing on. And besides, many of us would rather be driving a mis-colored, poor condition Volvo than a new American built sedan or aircraft carrier (SUV).
If you don't want the vehicle, I have a few interested parties here in Michigan that might be willing to pay for a bus ticket to get it.
God bless,
Fitz.
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'87 Blue 240 Wagon, 263k miles.
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