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The rust free, rattle free, and most clean one is the best one. Everything else on the car is replaceable.
While our '87 wagon is impressively rock solid with a new wiring harness at 300K, I've never and will never buy into the myth of the 1988 being the best year for the 240. Nonsense.
The CPS is moot. Replace the original and press on. Regina FI in 740/940's uses the same exact sensor, and I'll argue that it's more reliable than any Bosch system. If you're in OH, I'll swap your CPS for you with my long skinny arms! :-)
The '89's are likely to have the problematic ECU, but that's an easy, cheap fix.
ABS isn't a major problem if you service it. The airbag is a safety feature, so why not? There's no evidence that a 240 airbag is dangerous in an accident, though some will debate it. No chance of accidental deployment.
As for A/C, 1991 and up has the larger evaporator, which makes 1991-92 cars easier to convert to r134. Only '93's came with r134.
If you go for a 1986-93 240, budget for E-codes! :-)
Good luck!
-Ryan
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Athens, Ohio
1987 245 DL 314k, Dog-mobile
1990 245 DL 134k M47, E-codes, GT Sway Bars
1991 745 GL 295k, Regina, 23/21mm Turbo Sway Bars
Buckeye Volvo Club
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