Faults:

Harmonic balancer at 240000.

Distributor cap at 267000.

Brake rotors at 267000.

Turbo at 169000.

General Comments:

Turbo smoked badly when I first purchased this car. Had it rebuilt at a cost of $1,200. Has run perfectly ever since.

I only use fully synthetic engine oil and change the oil and filter every 5,000km.

This car performs and handles like a sports car, and has the most comfortable seats I have ever experienced in a car. I'm 62, and every time I drive, I always get some young hot shot in a Holden V8, BMW, etc. creeping forward in the inside lane at the lights, ready to zoom in front of the old geezer in the boxy old Volvo. So many humiliated red faces as I am across the intersection before they can even get their foot down.

The handling is unbelievable. Coming down a winding mountain road, a Mercedes trying to out pace me drifted sideways into the guard rail on a hairpin, whilst my car handled as if on rails (Michelin tyres).

This car is so reliable. Volvo really over engineered this model.

Faults:

Radiator leak.

Blown head gasket.

Turbocharger oil leak internal.

Interior plastics cracked.

General Comments:

Very comfortable quick car especially after fitting a Garret GT 28 turbo charger running 7 psi and K&N pod filter, no other mods. Good acceleration and high top speed. Fuel economy 1 liter per 7 km @ sportive driving.

Faults:

Hard to find electrical faults.

Thank you to brickboard.com for help.

Volvo company screws customers on parts.

General Comments:

I've got 350,000 on a Turbo wagon. It is still very fast, but the motor oil has to be checked every week. Some blow-by is exhibited from the dipstick tube. The motor and turbo (probably due) have not been touched, other than regular oil and filter changes, plugs, etc.

Volvo parts are pricey, and there is not the non-original range as available as say Merc spares.

Apart from the normal stuff, watch the hoses, heater tap, etc, and change before they fail.

Electrics can play up, mostly due simple faults that can be hard to trace without the help of something like brickboard.com

My wife drives this 740T, but I have been impressed enough to keep with it, and bought a near perfect 940 sedan with 205,000 for myself. I converted the 940 to LPG/gasoline, and I expect 500,000 on that.

Faults:

Air intake hose collapsed.

Radiator hose cracked.

General Comments:

Very reliable car, great stability, also managed to get to 170km/h, very impressed with its ride with the amount of kilometres on it.