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It seems like in the US the value of old volvos and some other "classics" varies wildly by region depending on supply and demand: most expensive in the NE where there a few rust-free cars, but there's demand. As a buyer you can exploit this: in the early 90's I lived in Portland OR, but also spent time in the SF bay area. I would buy an old VW camper for around $750 in Oregon, drive it down to San Francisco and quickly get $1500 for it -- just due to regional differences in value at the time. I live in England now, and the bottom of the market for 140s is picking up: it seems to take at least £800 to land a solid one (US$1200). 240s are at rock bottom prices -- as low as running cars go almost (Yugos are probably cheaper!): my recently purchased '88 sedan was not an amazing bargain at £250, and had just passed its annual inspection. It is very tidy but not perfect (throttle body was filthy, needed a new rear brake caliper and line to it, the rear arches have a little rust on them, the rear suspension sags, and there's a small oil leak from the top of the engine -- probably cam cover gasket). Like others who have replied on this thread, my advice would be to hold out for a reasonably priced 140, even if it's a pain to go get it.
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