Sure. If it's a non-turbo, you have one of the easiest engine compartments to work in. You don't even have to take off the hood, and besides that, you can practically have a dance party inside the engine compartment with the engine still in there.

There's enough room to peel away all the accessories, pull them aside, and pull out the engine. You don't need to swap wiring harnesses or anything else for that matter--just the block and head as one unit. It's not a bad swap, and you can even keep the A/C intact if you're careful. Just don't get out of hand with the moves and punch a hole in the condenser. Also the bellhousing bolts are simple compared to a 2 series car. Overall, a pretty straightforward deal.
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chris herbst, five volvos.