The 1988 Volvo 740 is a rear-wheel-drive, mid-size luxury car produced by Volvo from 1982 to 1992. Available as a sedan and a spacious wagon, popular trims included the GL and the more powerful Turbo. New, it was priced between approximately $20,000 and $25,000. It stands out for its legendary Volvo durability, boxy yet distinctive Scandinavian design, and a reputation for safety and longevity, making it a popular choice for those seeking a reliable, long-term vehicle.
The Good
The 1988 Volvo 740 offers exceptional reliability and robust build quality, appealing to practical buyers. Its comfortable, spacious interior and smooth ride satisfy comfort seekers. The distinctive, timeless design resonates with those who appreciate classic aesthetics. For many, its enduring value lies in its longevity and low cost of ownership over time.
The Bad
When considering a 1988 Volvo 740, watch out for potential rust, especially around wheel arches and rocker panels. Electrical gremlins, such as failing power windows, door locks, or dashboard warning lights, can occur. The automatic transmission can sometimes be a weak point if not properly maintained, and aging cooling systems may require attention.
1988 Volvo 740: Quick Overview
- Engine Options: The 1988 Volvo 740 primarily featured a 2.3-liter inline-four cylinder engine. This engine was available in naturally aspirated (B230F) and turbocharged (B230FT) variants.
- Horsepower:
- Naturally Aspirated (B230F): Approximately 114 horsepower.
- Turbocharged (B230FT): Approximately 165 horsepower. - Fuel Economy:
- Naturally Aspirated: Estimated around 18-20 MPG city and 24-27 MPG highway.
- Turbocharged: Slightly lower, perhaps 16-18 MPG city and 22-25 MPG highway. These figures can vary significantly with driving conditions and vehicle maintenance. - 0-60 Times:
- Naturally Aspirated: Typically in the 10-12 second range.
- Turbocharged: Could achieve 0-60 MPH in around 8-9 seconds. - Towing Capacity: Volvo 740s were not typically advertised with a specific towing capacity rating, but their robust chassis and powertrain allowed for light towing duties. Owners might have used them for towing small trailers or recreational equipment, but it was not a primary design focus.
- Trim-Level Features:
GL Trim: This was the standard model, often equipped with power windows, power door locks, air conditioning, cruise control, a tilt steering wheel, and an AM/FM stereo. Cloth upholstery was common.
GLE Trim (less common for '88): Generally offered more premium features like leather upholstery, heated seats, and a more advanced sound system.
Turbo Trim: Included all GL features plus a turbocharged engine, often paired with upgraded suspension components, alloy wheels, and sometimes sportier interior accents.
1988 Volvo 740 Specifications
Vehicle Information
| Year | 1988 |
| Make | Volvo |
| Model | 740 |
| Trim | - |
| Style | 5-Speed Manual |
| 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 | 56.50 inches |
| Overall Length | 188.40 inches |
| Overall Width | 69.30 inches |
| Wheelbase Length | 109.10 inches |
| Standard Seating | 5 |
Engine & Performance
| Engine | 2.3L I4 |
| Engine Size | 2.3L |
| Engine Cylinders | 4 |
| Transmission | 5-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | Non-ABS 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $23,425 |
| Invoice Price | - |
| Delivery Charges | - |
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What Problems Does the 1988 Volvo 740 Have?
The 1988 Volvo 740 is renowned for its overall reliability, but like any vehicle of this age, it has some common issues. One of the most frequently reported problems is related to the electrical system. This can manifest as failing power windows and locks, intermittent dashboard warning lights, or issues with the central locking system. The cooling system is another area to watch; aging radiators, hoses, and water pumps can lead to overheating if not maintained.
Rust is a significant concern, particularly in areas with harsh winters. Areas prone to corrosion include the rear wheel arches, rocker panels, strut towers, and the underside of the car. If buying a used 740, a thorough inspection for rust is crucial.
The automatic transmission, while generally robust, can develop issues if neglected. Fluid changes are critical, and a slipping transmission might indicate impending failure. On turbocharged models, the turbocharger itself can be a source of problems if maintenance has been lacking, potentially leading to loss of power or oil leaks.
While specific recalls for the 1988 model year are less common for widespread issues compared to some other brands, it's always advisable to check the VIN with the NHTSA database for any outstanding recalls. Long-term reliability is heavily dependent on consistent maintenance. The engines and transmissions are typically very durable if oil changes and other scheduled services have been performed. However, rubber components and seals can degrade over time, necessitating replacements. Overall, with proper care, these cars are known to exceed 300,000 miles, but addressing common wear items proactively is key.
Rust is a significant concern, particularly in areas with harsh winters. Areas prone to corrosion include the rear wheel arches, rocker panels, strut towers, and the underside of the car. If buying a used 740, a thorough inspection for rust is crucial.
The automatic transmission, while generally robust, can develop issues if neglected. Fluid changes are critical, and a slipping transmission might indicate impending failure. On turbocharged models, the turbocharger itself can be a source of problems if maintenance has been lacking, potentially leading to loss of power or oil leaks.
While specific recalls for the 1988 model year are less common for widespread issues compared to some other brands, it's always advisable to check the VIN with the NHTSA database for any outstanding recalls. Long-term reliability is heavily dependent on consistent maintenance. The engines and transmissions are typically very durable if oil changes and other scheduled services have been performed. However, rubber components and seals can degrade over time, necessitating replacements. Overall, with proper care, these cars are known to exceed 300,000 miles, but addressing common wear items proactively is key.
How long will the 1988 Volvo 740 last?
Based on owner data and anecdotal evidence, the 1988 Volvo 740 is capable of achieving 200,000 to 300,000 miles, with many examples exceeding this significantly. Owners who adhere to a regular maintenance schedule, including timely oil changes, fluid flushes, and replacement of wear items like belts and hoses, can expect many years of reliable service. The core mechanical components, particularly the inline-four engines and robust transmissions, are built for longevity. However, over time, aging electrical components, rubber seals, and suspension bushings can become weak points requiring attention. Rust is the primary enemy of long-term durability, and its presence can significantly shorten a vehicle's usable lifespan if not addressed.
What Technology & Safety Features are Included?
The 1988 Volvo 740, while not a technological marvel by today's standards, offered a solid suite of features focused on comfort and safety for its era.
Technology and Entertainment: Standard entertainment typically included an AM/FM radio, often with a cassette player. Higher trims or optional packages might have offered a more advanced stereo system with multiple speakers. Power windows, power door locks, and cruise control were common convenience features, especially in GL and Turbo models. Air conditioning was also a standard or widely available option. The dashboard design was functional and driver-focused, with clear instrumentation.
Driver-Assistance Features: Advanced driver-assistance systems as we know them today were virtually non-existent. The primary focus was on mechanical systems and good visibility. Features like power steering and anti-lock braking systems (ABS) were available, with ABS becoming more common in later production years or as an option.
Safety Features: Volvo's reputation for safety was a cornerstone of the 740. Key safety features included a reinforced passenger cage, three-point seatbelts in all seating positions (including the rear), and side-impact protection beams in the doors. Volvo was an early adopter and proponent of head restraints, which were standard. Optional features might have included heated mirrors for improved visibility in cold weather.
Crash-Test Ratings: While specific NHTSA crash-test ratings for the 1988 Volvo 740 are not readily available in modern databases, Volvo vehicles from this era consistently performed well in safety tests conducted by independent agencies like the IIHS. Their robust construction and commitment to safety engineering meant they were generally considered very safe cars for their time, often outperforming competitors in frontal and side impact simulations due to their strong chassis and well-designed crumple zones.
Technology and Entertainment: Standard entertainment typically included an AM/FM radio, often with a cassette player. Higher trims or optional packages might have offered a more advanced stereo system with multiple speakers. Power windows, power door locks, and cruise control were common convenience features, especially in GL and Turbo models. Air conditioning was also a standard or widely available option. The dashboard design was functional and driver-focused, with clear instrumentation.
Driver-Assistance Features: Advanced driver-assistance systems as we know them today were virtually non-existent. The primary focus was on mechanical systems and good visibility. Features like power steering and anti-lock braking systems (ABS) were available, with ABS becoming more common in later production years or as an option.
Safety Features: Volvo's reputation for safety was a cornerstone of the 740. Key safety features included a reinforced passenger cage, three-point seatbelts in all seating positions (including the rear), and side-impact protection beams in the doors. Volvo was an early adopter and proponent of head restraints, which were standard. Optional features might have included heated mirrors for improved visibility in cold weather.
Crash-Test Ratings: While specific NHTSA crash-test ratings for the 1988 Volvo 740 are not readily available in modern databases, Volvo vehicles from this era consistently performed well in safety tests conducted by independent agencies like the IIHS. Their robust construction and commitment to safety engineering meant they were generally considered very safe cars for their time, often outperforming competitors in frontal and side impact simulations due to their strong chassis and well-designed crumple zones.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
1988 Volvo 740 Prices and Market Value
When new in 1988, the Volvo 740 ranged from approximately $20,000 for a base GL sedan to over $25,000 for a well-equipped Turbo wagon. As a luxury sedan and wagon of its time, it experienced typical depreciation curves, losing a significant portion of its value within the first few years. Currently, used market prices for a 1988 Volvo 740 are generally very affordable, often ranging from $2,000 to $7,000 for models in good to excellent condition. Factors significantly affecting resale value include the vehicle's overall condition, mileage, maintenance history, the presence of rust, and whether it is a naturally aspirated or turbocharged model. Well-maintained, low-mileage examples, especially wagons, can command higher prices due to their cult following.
1988 Volvo 740 Cost of Ownership
The 1988 Volvo 740 is generally considered economical to own, particularly for those who can perform some maintenance themselves. Insurance costs are typically low due to its age and market value. Fuel costs depend on the engine, with the naturally aspirated version being more efficient. Maintenance, while sometimes requiring specialized parts for older Volvos, is manageable; regular oil changes and preventative care are key. Repair costs can be moderate, especially if sourcing parts from independent Volvo specialists rather than dealerships. Overall, its long-term durability often offsets initial repair needs, making it a cost-effective choice for reliable transportation if well-maintained.
1988 Volvo 740 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
15.80 gallons
City Mileage
22 miles/gallon
Highway Mileage
28 miles/gallon
1988 Volvo 740 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
1988 Volvo 740 Insurance
Insurance for a 1988 Volvo 740 is moderately priced, reflecting its status as a Wagon with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1988 Volvo 740 Compare to Other Wagon?
The 1988 Volvo 740 competed in the mid-size luxury sedan and wagon segment against rivals like the Mercedes-Benz 190E, BMW 3 Series (E30), and domestic options such as the Buick Regal or Ford Taurus.
Performance: The Volvo 740's performance, especially in its naturally aspirated form, was generally more focused on steady cruising than sporty driving, often lagging behind the more dynamic BMW 3 Series. The turbocharged 740 offered a respectable, albeit not thrilling, performance boost. The Mercedes 190E offered a refined driving experience but was also not a performance leader.
Features: Volvo's focus was on solid, functional features and safety. While it offered power accessories and cruise control, it often lacked the cutting-edge technology or luxury appointments found in some European rivals, or the creature comforts of some American options. The 740 excelled in practicality, especially the wagon variant, with ample cargo space.
Reliability: This is where the Volvo 740 truly shines. Its robust build quality and simple mechanicals, when maintained, often surpass the long-term reliability of its rivals. European competitors like BMW and Mercedes can be significantly more expensive to maintain and repair as they age. Domestic options, while often offering more advanced tech for their time, typically didn't match the Volvo's longevity.
Price: The 740 was generally priced competitively, often undercutting comparable Mercedes-Benz or BMW models when new. On the used market, the 740 remains exceptionally affordable, making it a budget-friendly choice for reliable transportation, whereas its German rivals often command much higher prices even with significant mileage.
Alternatives:
- Similar: For those seeking similar durability and a less boxy design, the Saab 9000 (especially earlier models) offers a unique blend of performance and safety with front-wheel drive. The Audi 100/200 could also be considered for its build quality and comfort.
- Better (if prioritizing different aspects): If outright performance is key, a BMW 3 Series (E30) is superior, though at a higher maintenance cost. For more modern tech and comfort, a Lexus ES (from the late 80s/early 90s) offers Japanese reliability with luxury amenities, albeit with a less distinctive style.
Performance: The Volvo 740's performance, especially in its naturally aspirated form, was generally more focused on steady cruising than sporty driving, often lagging behind the more dynamic BMW 3 Series. The turbocharged 740 offered a respectable, albeit not thrilling, performance boost. The Mercedes 190E offered a refined driving experience but was also not a performance leader.
Features: Volvo's focus was on solid, functional features and safety. While it offered power accessories and cruise control, it often lacked the cutting-edge technology or luxury appointments found in some European rivals, or the creature comforts of some American options. The 740 excelled in practicality, especially the wagon variant, with ample cargo space.
Reliability: This is where the Volvo 740 truly shines. Its robust build quality and simple mechanicals, when maintained, often surpass the long-term reliability of its rivals. European competitors like BMW and Mercedes can be significantly more expensive to maintain and repair as they age. Domestic options, while often offering more advanced tech for their time, typically didn't match the Volvo's longevity.
Price: The 740 was generally priced competitively, often undercutting comparable Mercedes-Benz or BMW models when new. On the used market, the 740 remains exceptionally affordable, making it a budget-friendly choice for reliable transportation, whereas its German rivals often command much higher prices even with significant mileage.
Alternatives:
- Similar: For those seeking similar durability and a less boxy design, the Saab 9000 (especially earlier models) offers a unique blend of performance and safety with front-wheel drive. The Audi 100/200 could also be considered for its build quality and comfort.
- Better (if prioritizing different aspects): If outright performance is key, a BMW 3 Series (E30) is superior, though at a higher maintenance cost. For more modern tech and comfort, a Lexus ES (from the late 80s/early 90s) offers Japanese reliability with luxury amenities, albeit with a less distinctive style.
Final Verdict: Is the 1988 Volvo 740 a Good Wagon?
The 1988 Volvo 740 is ideal for budget-conscious individuals or families prioritizing safety, reliability, and practicality over cutting-edge technology or sporty performance. It's an excellent choice for first-time car buyers, students, or anyone needing dependable, low-cost transportation for daily commutes or hauling.
It is absolutely worth buying, particularly on the used market, provided it has been reasonably maintained. New examples are obviously unavailable. A well-maintained, rust-free example, especially a wagon, represents exceptional value. Buyers should focus on naturally aspirated models for simplicity and lower cost of ownership, or consider a turbocharged variant if a bit more power is desired. Thorough pre-purchase inspections are crucial to identify any potential rust or neglected maintenance. For those seeking a robust, characterful, and incredibly durable car without breaking the bank, the 1988 Volvo 740 is a compelling option.
It is absolutely worth buying, particularly on the used market, provided it has been reasonably maintained. New examples are obviously unavailable. A well-maintained, rust-free example, especially a wagon, represents exceptional value. Buyers should focus on naturally aspirated models for simplicity and lower cost of ownership, or consider a turbocharged variant if a bit more power is desired. Thorough pre-purchase inspections are crucial to identify any potential rust or neglected maintenance. For those seeking a robust, characterful, and incredibly durable car without breaking the bank, the 1988 Volvo 740 is a compelling option.
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.