Thats a good car. I have had six of seven Volvos over the years. That is a non-turbo b230 motor. I did not catch what transmission it had. Both were good then. I have a 88 with the five speed and it can get 33mpg on the itstersate. Pretty good for a heavy car! They are very reliable and drive very nice. Check for rust see what it might need suspension wise, but I would not have an issue spending that much money on that car. I have driven my 88 for six years and have no intention of getting rid of it.

Also check brickboard.com A lot of parts for these cars can be had at the junk yard for a pretty good price. Keep us posted. Good luck.