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Good choice for a first car.
I've found that most parts for the older volvos are cheaper than comparable parts for most American cars.
Brake pads can be had for $15.00 or less. they seem to last forever. I drive a 1986 240DL with 900k miles on it and am replacing the rear pads for the first time. The front pads are still 3/16 of an inch thick.
I forget what I paid for a distributer cap and rotor, but; they were cheaper than the same parts for a 1986 Chevrolet Cavalier!
Suspension parts are cheap too. I replaced both ball joints, bellows and tie rod assemblies for around $70.00 in a little less than 6 hours.
Fuel system parts can get expensive..injectors are about $40.00 a piece. The main fuel pump is over $150.00. Fuel system parts have a very long life. I replaced my entire fuel system last year including the relays for around $500.00
The neatest thing about Volvo is they are very easy to work on. I would suggest buying the Haynes book on Volvos as certain parts are a little tricky to get to and the Haynes book is a good helper.
A set of tires can be had at Walmart for around $100.00 installed and balanced.
Once you get into a volvo you'll probably never want anything but a Volvo...that's what happened to me!
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