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Welcome to the world of old Volvos.
Resurrecting a car that has sat for 14 years will involve checking EVERY system on the car, but to begin you should check the condition of the engine.
The comments made below are made assuming the car is completely stock.
1st thing to do is to see if the crankshaft can be turned. You will need a 13/16" wrench or socket. And speaking of wrench sizes, almost all of the stock fasteners are UNC or UNF and use standard size wrenches and sockets. However there are some exceptions, most notably, the brake and clutch systems use metric wrenches and there are even a couple of British standard fasteners too.
If the crankshaft can be turned, you should pull the spark plugs and put a little engine oil in each cylinder and hand turn the crankshaft a couple of revolutions before trying to start. At the same time, check to see if the generator/alternator and the water pump pulleys are turning too. If either 1 isn't turning, remove the belt.
You might want to change the oil and filter. Make sure to get the correct oil and filter. Use 30wt oil and an oil filter that has an check valve and a relief valve. The drain plug uses a copper sealing washer and it really should be changed too, but for some reason these are hard to find.
At this point, the engine should only be run to verify that it can run so you don't need to deal with the cooling system or fuel system and in fact, you don't want to use any part of the fuel system other than carburetors until you have checked the fuel pump, fuel lines and fuel tank.
Pull the air filters and see if the pistons inside the carburetors can move up and down and if they do, put some gas in the float bowls by removing and reinstalling the float bowl covers, disconnect the fuel hose from the fuel pump to the front carburetor, reinstall the spark plugs and wires and try to start the engine.
A good locksmith can make a key, but I can pretty much guarantee that it will cost less to just carefully drill the old tumbler and replace it with a new tumbler assembly.
Besides, you can bypass the stock ignition system with the correct supplies and tools.
FYI, with my brother, I own a Volvo repair shop that specializes in rear wheel drive Volvos with a focus on the pre-1976 models.
Besides Volvo, there are at least 5 large suppliers of parts and you might be surprised at how many parts are still available. However, most of the suppliers are in the EU.
We buy and stock parts from all of them and we do have a website.
Good luck!
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Eric
Hi Performance Automotive Service (formerly OVO or Old Volvos Only)
Torrance, CA 90502
hiperformanceautoservice.com or oldvolvosonly.com
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