Thanks a lot for the response, man!
The main worry that we've had over this car is that it's nearly 20 years old. And for similar prices, we can easily find 1998-2001 Volvos on Autotrader at similar/slightly higher mileages. Should the age of the car be a significant factor when determining which car to purchase? This thing needs to last me >= 5 years (senior year of high school, four years of college). Is 20 years a lot for a Volvo?
As a owner of below cars, I can tell you that the 240 parts are much cheaper, more durable, and a lot easier to replace than 850 or any other FWD Volvo made after 93.
My 240 had 200k. Original engine and transmission, both works great. Had to replace all the worn out maintenance item on it when I got it, plus the rear main seal, heatercore hoses, radiator hoses, radiator, crank position sensor, rear suspension bushings, struts, shocks, tires, all fluids. Parts are cheap for the "redblock" engine and design is pretty much bullet proof, and the n/a version of it will last forever, provided you keep the oil and coolant level up. The car is not refine compare to the newer car, but it is simple, and can take abuse well. Turning radius on this thing is tight, better than any other small fwd out there. I paid $1700 for mine, without a working a/c or the wheels you see in the pictures. $4100 seems way too much for it, unless a lot of recent work are done with receipt, a/c working, and everything in tip top shape
My 850 on the other hand, parts are at least 2x the price on everything. Whatever work and parts I did for my 240, I also did them for my 850. FWD with an inline 5 turbo engine makes everything harder to access in the engine bay. Interior is much nicer, stock handling is better with the center gravity lower.
I would recommend 240 over any FWD Volvo for a student, due to the cost of maintenance.
Get on
http://forums.turbobricks.com/ and post a WTB and see if you can find anything near your area.
I would also suggest to find a car for around $2000 and use the left over money for maintenance, and tires. All older cars will needs maintenance and tires, no way around that.