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Did I make a mistake? 900

Hello to all. This is my first post here, and I'm soliciting input about a purchase that I made this week. I bought a bright red '94 940 Turbo with 116,600 mi on it. It is very clean. Prior to purchase I took it to the local Volvo shop (independent) where my wife's Cross Country gets serviced, and they gave it a clean bill of health, with the exception of the fuel gauge not working. When I agreed to purchase the vehicle for $3500 (owner asking $3800) the owner signed over the title, and it had "rebuilt" on it. When I asked him about that he said that the vehicle had been rear ended and that the rear bumper, lights and trunk lid had been damaged, but repaired. There was no indication that there was damage. My questions are these: Did I make a mistake in purchasing this vehicle? Could that amount of damage total a vehicle, and put it in the rebuilt category? It drives well, and doesn't give any sign of tracking problems etc. It has been through a heavy thunderstorm with no leaks in the trunk or rear window/passenger compartment. I called the mechanic who checked it out and he was surprised that it had "rebuilt "on the title, as he didn't see any indicators of crash damage during his inspection. I guess my question is, did I screw myself in buying this vehicle? Thanks for any inputs.






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