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1987 Volvo 240 Overview, Reviews, Ratings & Specs

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Cathleen V | October 26, 2025
The 1987 Volvo 240, a stalwart of Scandinavian automotive engineering, represents the culmination of a long-running, robust design ethos. Produced from 1980 to 1993 (though its roots extend further back), this rear-wheel-drive vehicle was available in sedan, wagon, and notably, a rare coupe body style. Key trims included the base, GL, and the sportier GT (though less common by '87). Its enduring popularity stems from its reputation for unparalleled safety, durability, and a no-nonsense, utilitarian appeal that resonated with buyers prioritizing practicality and longevity over flash.
The Good

The 1987 Volvo 240 boasts legendary reliability, a testament to its robust engineering. Its spacious interior offers surprising comfort for its era, while its boxy, timeless design exudes a sense of dependable strength. While not a performance powerhouse, its predictable handling and solid build provide peace of mind, offering exceptional value for those seeking a long-lasting, practical, and safe vehicle.

The Bad

Potential weaknesses for the 1987 Volvo 240 often revolve around age-related issues. Common concerns include rust, particularly around wheel arches and sills, and potential leaks from seals and hoses. Electrical gremlins, though infrequent, can occur. The original climate control systems can also be temperamental, and the power output is modest for modern driving demands.

1987 Volvo 240: Quick Overview

  • Engine Options: The 1987 Volvo 240 primarily featured a 2.3-liter inline-four cylinder engine. This engine was available in naturally aspirated and turbocharged variants. In 1987, the non-turbocharged version typically produced around 114 horsepower, while the turbocharged variant offered a more spirited performance with approximately 155 horsepower.

  • Horsepower: Non-turbocharged models generally offered around 114 hp. Turbocharged models, often found in the GT or GLT trims, provided a more robust 155 hp.

  • Fuel Economy: Fuel economy for the 1987 Volvo 240 varied depending on the engine and transmission. Manual transmission models tended to be slightly more economical. Expect figures in the range of 18-22 MPG in city driving and 23-27 MPG on the highway. The turbocharged engine, while more powerful, might see slightly lower MPG figures.

  • 0-60 Times: Acceleration was not a strong suit for the base models. Naturally aspirated versions typically took around 10-12 seconds to reach 60 mph. The turbocharged variants could achieve this in approximately 8-9 seconds, offering a noticeable improvement in performance.

  • Towing Capacity: The Volvo 240 was not designed or marketed as a towing vehicle. While it might be capable of light towing of trailers, official towing capacities are generally not specified and not recommended for significant loads. Its chassis and drivetrain are more focused on passenger transport and durability.

  • Trim-Level Features:
    • Base/DL: Offered essential features like manual windows, basic cloth upholstery, a heater, and standard safety equipment. Air conditioning was often an optional upgrade.
    • GL: Stepped up with features such as power windows, power door locks, upgraded cloth or vinyl upholstery, a more refined dashboard, and sometimes a sunroof.
    • GLT/GT (Sporty Trims): These trims often included the turbocharged engine, sport-tuned suspension, alloy wheels, leather-trimmed steering wheel, and more aggressive interior styling. Some may have featured limited-slip differentials.

1987 Volvo 240 Specifications

Vehicle Information
Year 1987
Make Volvo
Model 240
Trim -
Style -
Type Wagon
Category Compact Car
Manufacturing Details
Made In Sweden
Manufacturing City HALIFAX
Dimensions
Doors 4-Door
Curb Weight -
Gross Vehicle Weight Rating -
Overall Height -
Overall Length -
Overall Width -
Wheelbase Length -
Standard Seating -
Engine & Performance
Engine 2.3-L L-4 SOHC 8V
Engine Size 2.3L
Engine Cylinders 4
Transmission -
Transmission Type -
Transmission Speeds -
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System -
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) -
Invoice Price -
Delivery Charges -

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What Problems Does the 1987 Volvo 240 Have?

The 1987 Volvo 240 is renowned for its overall reliability, but like any vehicle of this age, it has some common areas that owners should be aware of. One of the most persistent issues, especially in regions with harsh winters, is rust. It tends to form around the wheel arches, rocker panels, floor pans, and the strut towers. Thorough inspection of these areas is crucial before purchasing.

Another common concern is related to the aging rubber components. Hoses (radiator, vacuum, fuel), seals (window, door, trunk), and bushings can degrade over time, leading to leaks, air intake issues, and compromised handling. The cooling system, particularly the radiator and water pump, can be prone to leaks as they age.

Electrically, while Volvos of this era are generally robust, some minor gremlins can surface. These can include intermittent issues with power windows, door locks, dashboard lights, or the radio. The fuel injection system, specifically the fuel pump and injectors, can also require attention over time, though they are typically very durable.

The automatic transmission, if equipped, can develop wear over the years, sometimes leading to delayed shifts or slipping. Regular fluid changes are essential to prolong its life.

Specific to the 1987 model year, there weren't widespread, model-year specific recalls that significantly marred its reputation. However, as with any vehicle, it's always wise to check for any outstanding recalls through the NHTSA database. Long-term reliability is largely dependent on consistent maintenance. Owners who have meticulously followed service intervals and addressed minor issues promptly have reported their 1987 Volvo 240s lasting well over 200,000 to 300,000 miles, with some even exceeding 400,000 miles, a testament to their robust build quality.

How long will the 1987 Volvo 240 last?

Based on owner data and anecdotal evidence, a well-maintained 1987 Volvo 240 can realistically achieve an average of 250,000 to 350,000 miles, with many exceeding 400,000 miles. The longevity is a direct result of its over-engineered, robust construction. Weaknesses that emerge over time are primarily age-related, such as the degradation of rubber components (hoses, seals, bushings) and the eventual need for suspension refresh. Rust, if not properly addressed early on, can compromise structural integrity over decades. However, the core mechanical components—engine and drivetrain—are incredibly durable, often outlasting the bodywork if given regular oil changes and attention to cooling system health. This car is a prime example of long-term durability built for the long haul.

What Technology & Safety Features are Included?

The 1987 Volvo 240, while a product of its time, prioritized safety and utilitarian functionality over cutting-edge technology. Its built-in tech was straightforward: a basic analog dashboard with speedometer, tachometer (on higher trims), fuel gauge, and engine temperature gauge. The entertainment system was typically a Blaupunkt or similar aftermarket-style radio with AM/FM and cassette capabilities, often with two or four speakers. Upgraded sound systems were usually dealer or aftermarket additions.

Driver-assistance features were virtually nonexistent by modern standards. There were no electronic aids like ABS, traction control, or cruise control as standard across all trims. Cruise control was an optional feature on some models.

Safety was Volvo's hallmark, and the 240 series was designed with this in mind. Standard safety features included front seatbelt pretensioners, reinforced side-impact beams, energy-absorbing steering columns, and padded interiors. The iconic Volvo safety cage construction was central to its design, offering exceptional occupant protection. For 1987, optional safety features might have included anti-lock brakes (ABS), which was a significant advancement for the era and became more common on higher trims or as an option.

Crash-test ratings for vehicles of this vintage are not directly comparable to modern tests. However, the Volvo 240 consistently performed very well in the safety tests of its time, particularly in frontal impacts. Its reputation for surviving collisions with minimal damage and protecting occupants was a key selling point and contributed to Volvo's strong safety image. While lacking advanced tech, its fundamental safety engineering was exceptionally robust for the late 1980s.

What Colors Options are Available?

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1987 Volvo 240 Prices and Market Value

When new, the 1987 Volvo 240 had a starting MSRP ranging from approximately $16,000 to $22,000, depending on the body style and trim level. Today, used market prices for the 1987 Volvo 240 vary significantly, typically ranging from $2,000 for models needing considerable work to $8,000 or more for exceptionally well-maintained, low-mileage examples, especially wagons and turbocharged variants. The depreciation curve for the 240 was relatively gentle due to its strong reputation for longevity, but like most cars of this age, it has long since passed its peak value. Factors affecting resale value include condition (rust is a major detractor), mileage, maintenance history, the presence of desirable options like a turbocharger or ABS, and body style (wagons often hold value better). These cars are now largely in the collector or enthusiast market, where originality and care are paramount.

1987 Volvo 240 Cost of Ownership

The 1987 Volvo 240 is generally considered economical to own, especially when purchased at its current used market value. Insurance premiums are typically low due to its age and basic safety features. Fuel costs are moderate, with its 4-cylinder engine offering decent MPG for its class. Maintenance is straightforward and parts are readily available and relatively inexpensive. Repairs are often predictable and manageable, with many owners opting for DIY work due to the car's robust and simple mechanicals. Long-term ownership costs are low, making it an attractive option for budget-conscious buyers who prioritize reliability and durability over modern conveniences. It's a vehicle built to be affordable to maintain.

1987 Volvo 240 Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity -
City Mileage -
Highway Mileage -

1987 Volvo 240 Warranty

Basic
Original warranty 0 months / No data
Estimated remaining Expired
Powertrain
Original warranty 0 months / No data
Estimated remaining Expired
Rust
Original warranty 0 months / No data
Estimated remaining Expired

1987 Volvo 240 Insurance

Insurance for a 1987 Volvo 240 is moderately priced, reflecting its status as a Wagon with strong safety ratings and
reasonable repair costs.

How Does the 1987 Volvo 240 Compare to Other Wagon?

The 1987 Volvo 240 competed in a segment of practical, family-oriented cars. Its primary rivals included vehicles like the Ford Taurus, Chevrolet Caprice, Honda Accord, and Toyota Camry. In terms of performance, the Volvo 240 was generally outpaced by its front-wheel-drive Japanese rivals and the more powerful American sedans. Its naturally aspirated engines offered leisurely acceleration, though the turbocharged variants provided a more competitive punch. The Japanese sedans, like the Accord and Camry, were often more refined and offered better fuel economy.

Features in the 1987 240 were basic but functional. While rivals might have offered more creature comforts or early electronic gizmos, the Volvo's strength lay in its robust build quality and safety. The Ford Taurus, for instance, was revolutionary for its time with aerodynamic styling and available fuel injection, but reliability could be more of a mixed bag.

Reliability is where the Volvo 240 truly shined, often surpassing its domestic rivals and even rivaling the best of Japanese engineering for sheer durability. Its solid construction and relatively simple mechanics meant it could rack up high mileage with proper care. American sedans of this era, while often more powerful and comfortable, could be plagued by more frequent, albeit sometimes minor, electrical and mechanical issues.

Price-wise, the Volvo 240 sat slightly above the mainstream American offerings when new, but its longevity often made it a better value proposition over the long haul. Today, its used prices are competitive, especially considering its robust nature.

Alternatives:
  • Similar: Saab 900 (offers a unique, quirky alternative with strong build and safety, though often more complex); Mercedes-Benz W123/W124 (premium options with even greater durability but at a significantly higher cost).
  • Better (Performance/Refinement): Honda Accord, Toyota Camry (more modern driving dynamics, better fuel economy, and often more features); Ford Taurus (more contemporary styling and available AWD/V6 power).
  • Better (Powertrain): Larger American sedans like the Chevrolet Caprice or Ford Crown Victoria offered more powerful V8 engines for those prioritizing straight-line acceleration.
Ultimately, the 1987 Volvo 240 stands out for its uncompromised safety, exceptional durability, and utilitarian design, making it a compelling choice for those who value longevity and practicality over performance and cutting-edge tech.

Final Verdict: Is the 1987 Volvo 240 a Good Wagon?

The 1987 Volvo 240 is ideal for budget-conscious individuals or families seeking an incredibly durable, safe, and practical vehicle. It's perfect for those who prioritize longevity and low running costs over high performance or advanced technology. It's absolutely worth buying, especially in the used market, provided it has been well-maintained and inspected for rust.

Buying new is not an option. Focus on finding a well-cared-for example, preferably a wagon for its utility, or a turbocharged model if spirited driving is a consideration. Avoid models with significant rust or deferred maintenance. A 1987 Volvo 240 that has received regular oil changes and timely repairs will offer years of dependable service, making it a wise investment for the pragmatic buyer.

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Cathleen V

Cathleen is an exceptional freelance writer covering hot topics in the automotive world from a gearhead's perspective. Her articles delve into various aspects of automotive technology and history, offering readers detailed insights into engine performance, reliability, and maintenance. Through her engaging and informative writing, Cathleen provides valuable information to automotive enthusiasts and consumers alike, helping them make informed decisions about vehicle maintenance and purchases.