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Weak points on 1988 740 turbo wagon? (long) 700

Hi everyone... new to the site. I have a saab and I was just given a 1988 volvo turbo wagon. I know it has some problems but I don't know the causes yet. I should be troubleshooting them this weekend... what should I know?

These are the two problems I'm aware of:

1) There was a slight bit of water in the oil at the last change. No noticeable difference in performance.

2) Started twice when I first got it but would die as soon as I turned on the lights or anything else electrical. My jump box swears the battery is charged and the engine sounded pretty good when it was running... what am I dealing with here? Alternator, I presume?

Are there any other major things that go bad on these cars with age? It is at 188k miles but I trust my swedish car makers. What is a good place to grab parts?

Thanks for all of your advice!

-joshua






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