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It's in very good stock mechanical condition. I suspect things like hoses, seals, brakes and suspension bushings may need sorting. The guy now has a new v40 t5 so the t5r is just gathering cobwebs. The paint is very faded and quite dull but evenly so. I guess no accidents is true. It may cut back to an acceptable level but in aussie sun that never lasts. I'd be looking at a long term project to repaint. It's probably good enough just to sand and paint over rather than strip.
Spent the evening browsing volvo parts sites and everything is available. Plus my mate with a garage and hoist is quite happy for me to use it. Plans, plans!
TRA
Condition is king but you'd not get a beaten, rusty example for that money in the UK, these were rare cars - now they're even rarer. The cars that are going to be worth the most are the stock, manual ones, shame about the paint but that's 20 years of Australian UV - would it cut back?