The 1989 Volvo 740 is a rear-wheel-drive mid-size car known for its robust build and safety. Part of the Volvo 700 series, produced from 1984 to 1992, it was offered primarily as a sedan and station wagon. Key trims included the base 740, the GL, and the GLE. While new pricing varied, its reputation for durability made it a popular choice for those seeking a long-lasting vehicle. It stands out for its boxy, iconic Scandinavian design and its reputation as a tank-like car.
The Good
The 1989 Volvo 740 excels in reliability and durability, offering a robust and safe driving experience. Its comfortable interior and spacious cabin appeal to families and commuters. The straightforward, timeless design has a certain classic charm, while its solid construction provides peace of mind, making it a sensible and enduring choice for practical buyers.
The Bad
When considering a 1989 Volvo 740, watch out for potential issues with the cooling system, specifically radiator leaks and heater core problems. Electrical gremlins, particularly with the wiring harness and relays, are also common. Rust, especially around the wheel wells and rocker panels, can be a concern depending on its climate history. Automatic transmission issues can also arise.
1989 Volvo 740: Quick Overview
- Engine Options: The 1989 Volvo 740 was primarily equipped with a 2.3-liter, 4-cylinder engine. Two main variants were common: a naturally aspirated version and a turbocharged version.
- Horsepower: The naturally aspirated 2.3L engine typically produced around 114-121 horsepower, while the turbocharged version offered a more spirited performance, usually in the range of 162-181 horsepower depending on the specific turbo setup and boost levels.
- Fuel Economy: Fuel economy varied based on the engine and transmission. For the naturally aspirated models, expect figures around 18-20 mpg in the city and 24-28 mpg on the highway. The turbocharged models, especially when driven harder, would see slightly lower figures.
- 0-60 Times: Acceleration was not a strong suit for the naturally aspirated models, with 0-60 mph times often in the 10-12 second range. The turbocharged variants offered a noticeable improvement, with 0-60 mph times often closer to the 8-9 second mark.
- Towing Capacity: Volvo 740 models, particularly the station wagon, had a respectable towing capacity, generally rated around 1500-3500 lbs (700-1600 kg) when properly equipped with towing packages. However, this was not a primary focus for most owners.
- Trim-Level Features:
Base 740: Featured manual windows, basic cloth upholstery, a 4-speaker stereo, and essential safety features.
740 GL: Added power windows, power door locks, air conditioning, cruise control, and often a slightly upgraded interior trim. Some models included a sunroof.
740 GLE (less common in '89, more prominent in earlier years): Would typically include features like leather upholstery, heated seats, a premium sound system, alloy wheels, and often more advanced climate control. - Transmission: Available with either a 4-speed manual transmission (often with overdrive) or a 4-speed automatic transmission.
- Suspension: Featured a MacPherson strut front suspension and a solid rear axle with multi-link suspension, contributing to its comfortable ride and stable handling.
1989 Volvo 740 Specifications
Vehicle Information
| Year | 1989 |
| 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) | $21,365 |
| Invoice Price | - |
| Delivery Charges | - |
Vehicle History Report
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What Problems Does the 1989 Volvo 740 Have?
The 1989 Volvo 740, while generally lauded for its durability, does have some frequently reported issues that owners should be aware of. One of the most common concerns is related to the cooling system. Radiator leaks, failing water pumps, and clogged heater cores can lead to overheating and costly repairs. The wiring harness, particularly in older vehicles, can become brittle and prone to short circuits, leading to various electrical gremlins, including issues with lights, gauges, and fuel injection systems. Fuel pressure regulators and the fuel pump can also be sources of problems. Over time, the Mass Airflow (MAF) sensor can become faulty, impacting engine performance and fuel efficiency.
Another area to watch for is the power steering system, where leaks in the pump or hoses can develop. The automatic transmission, while generally robust, can eventually suffer from wear, leading to rough shifting or failure to engage gears. Some owners have reported issues with the crankshaft position sensor, which can cause the engine to stall or fail to start.
While specific recalls for the 1989 model year are not extensively documented as widespread major safety defects, it's always advisable to check the National Highway Traffic Safety Administration (NHTSA) database for any potential recalls that might have been issued for specific components or batches of vehicles. Long-term reliability is heavily dependent on consistent maintenance. Vehicles that have been meticulously maintained with regular oil changes, fluid flushes, and timely replacement of worn parts tend to far outlast those that have been neglected. The robust construction of the Volvo 740 means that the core mechanicals can often be repaired and maintained for hundreds of thousands of miles, making it a potentially very long-lived vehicle if cared for.
Another area to watch for is the power steering system, where leaks in the pump or hoses can develop. The automatic transmission, while generally robust, can eventually suffer from wear, leading to rough shifting or failure to engage gears. Some owners have reported issues with the crankshaft position sensor, which can cause the engine to stall or fail to start.
While specific recalls for the 1989 model year are not extensively documented as widespread major safety defects, it's always advisable to check the National Highway Traffic Safety Administration (NHTSA) database for any potential recalls that might have been issued for specific components or batches of vehicles. Long-term reliability is heavily dependent on consistent maintenance. Vehicles that have been meticulously maintained with regular oil changes, fluid flushes, and timely replacement of worn parts tend to far outlast those that have been neglected. The robust construction of the Volvo 740 means that the core mechanicals can often be repaired and maintained for hundreds of thousands of miles, making it a potentially very long-lived vehicle if cared for.
How long will the 1989 Volvo 740 last?
Based on owner data and maintenance habits, the 1989 Volvo 740 is capable of achieving remarkable longevity. It is not uncommon for these vehicles to reach 200,000 to 300,000 miles and even exceed 400,000 miles with consistent and proper maintenance. The long-term durability of the 740 is a testament to its solid engineering and robust construction, often referred to as "built like a tank." However, weaknesses tend to emerge over time, particularly in the cooling system (radiators, heater cores) and electrical components (wiring harnesses, sensors), which may require periodic attention and replacement. Rust can also be a significant factor in its lifespan, especially in areas with harsh winters and road salt. Overall, its potential for years of service is exceptionally high for its era.
What Technology & Safety Features are Included?
The 1989 Volvo 740 offered a blend of functional technology, comfort features, and a strong emphasis on safety, reflecting the era's automotive trends.
Technology and Entertainment: Standard entertainment typically included an AM/FM radio with a cassette player, often with 4 speakers. Higher trims or optional packages might have offered a more advanced stereo system with more speakers, possibly including an equalizer. Climate control was usually manual, with air conditioning being a common, though not always standard, feature. Power windows, power door locks, and cruise control were also available, especially on GL and GLE trims, enhancing driver convenience.
Driver-Assistance Features: Advanced driver-assistance systems as we know them today were virtually non-existent. Features were limited to practical aids like cruise control. The car's solid chassis and rear-wheel-drive platform provided a predictable driving experience. ABS (Anti-lock Braking System) was an available option on some models, significantly enhancing braking safety, particularly in emergency situations.
Safety Features: Volvo's reputation for safety was a cornerstone of the 740. Standard safety features included three-point seatbelts in the front and rear, crumple zones designed to absorb impact energy, and a reinforced passenger cage. Side-impact door beams were also a significant safety feature for the time. The car's substantial weight and robust construction contributed to its protective capabilities.
Crash-Test Ratings: While formal, standardized crash-test ratings like those provided by the NHTSA and IIHS in their current formats were less prevalent or comprehensive in 1989, Volvo vehicles of this era consistently performed well in independent safety tests and real-world accident data. The 700 series, including the 740, was known for its exceptional occupant protection in frontal and side impacts due to its strong structural integrity. While specific numerical ratings for the 1989 model year are difficult to pinpoint in modern terms, the vehicle was widely regarded as one of the safest cars of its time.
Technology and Entertainment: Standard entertainment typically included an AM/FM radio with a cassette player, often with 4 speakers. Higher trims or optional packages might have offered a more advanced stereo system with more speakers, possibly including an equalizer. Climate control was usually manual, with air conditioning being a common, though not always standard, feature. Power windows, power door locks, and cruise control were also available, especially on GL and GLE trims, enhancing driver convenience.
Driver-Assistance Features: Advanced driver-assistance systems as we know them today were virtually non-existent. Features were limited to practical aids like cruise control. The car's solid chassis and rear-wheel-drive platform provided a predictable driving experience. ABS (Anti-lock Braking System) was an available option on some models, significantly enhancing braking safety, particularly in emergency situations.
Safety Features: Volvo's reputation for safety was a cornerstone of the 740. Standard safety features included three-point seatbelts in the front and rear, crumple zones designed to absorb impact energy, and a reinforced passenger cage. Side-impact door beams were also a significant safety feature for the time. The car's substantial weight and robust construction contributed to its protective capabilities.
Crash-Test Ratings: While formal, standardized crash-test ratings like those provided by the NHTSA and IIHS in their current formats were less prevalent or comprehensive in 1989, Volvo vehicles of this era consistently performed well in independent safety tests and real-world accident data. The 700 series, including the 740, was known for its exceptional occupant protection in frontal and side impacts due to its strong structural integrity. While specific numerical ratings for the 1989 model year are difficult to pinpoint in modern terms, the vehicle was widely regarded as one of the safest cars of its time.
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.
1989 Volvo 740 Prices and Market Value
When new, the 1989 Volvo 740 typically ranged from approximately $20,000 to $25,000 depending on the trim level and options. As with most vehicles of this age, the 740 has undergone significant depreciation. Today, used market prices for a 1989 Volvo 740 can vary widely, generally falling between $1,500 to $5,000 for models in average to good condition. Exceptionally well-maintained or rare variants (like turbocharged models or pristine wagons) might fetch slightly more. Factors affecting resale value include overall condition, mileage, maintenance history, rust presence, and whether it has the desirable turbocharged engine. A comprehensive maintenance record significantly boosts its appeal and value. Depreciation has largely plateaued, with well-kept examples now considered classics or sought-after budget-friendly, reliable transportation.
1989 Volvo 740 Cost of Ownership
Owning a 1989 Volvo 740 can be surprisingly economical, especially considering its durability. Insurance costs are typically low due to its age and lack of advanced electronics. Fuel costs are moderate, with naturally aspirated engines offering decent MPG, though turbocharged versions will consume more. Maintenance is straightforward and parts are generally affordable and readily available, contributing to lower repair bills. While some specific repairs can be labor-intensive, the overall reliability often offsets these costs. For those with basic mechanical knowledge or access to independent mechanics, the 740 is a cost-effective and reliable long-term ownership proposition, offering great value for money.
1989 Volvo 740 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
15.80 gallons
City Mileage
21 miles/gallon
Highway Mileage
26 miles/gallon
1989 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
1989 Volvo 740 Insurance
Insurance for a 1989 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 1989 Volvo 740 Compare to Other Wagon?
The 1989 Volvo 740 competed in a segment that included vehicles like the Ford Taurus, Chevrolet Celebrity, Toyota Camry, and Honda Accord.
Performance: In terms of performance, the base 740 was often outpaced by rivals like the Taurus with its V6 or the sportier trims of the Camry and Accord. However, the turbocharged 740 offered competitive acceleration, particularly for its era, and its rear-wheel-drive platform provided a different driving dynamic than the front-wheel-drive competitors.
Features: Features on the 740 were generally functional and focused on comfort and safety rather than cutting-edge tech. Rivals like the Camry and Accord began offering more electronic amenities and refined interiors around this time. The Taurus also boasted innovative features for its time. However, the Volvo's build quality and solid interior materials often felt more substantial.
Reliability: This is where the Volvo 740 truly shines. While Japanese competitors like Toyota and Honda had a reputation for bulletproof reliability, the Volvo 740 was renowned for its robustness and longevity. Many of its rivals, especially American offerings, were not built to the same long-term durability standards. The 740's mechanicals were designed for longevity, often outlasting its contemporaries by tens of thousands of miles.
Price: The 740 was generally priced at the higher end of the mainstream segment, often competing more directly with entry-level luxury cars. This meant it was typically more expensive new than many of its rivals. However, its long-term value proposition, owing to its durability, often made it a more economical choice over many years of ownership.
Alternatives:
Similar: For those seeking similar robustness and a comfortable ride with a slightly more upscale feel, the Saab 9000 (especially later models) could be considered, though often with more quirky ergonomics. The Mercedes-Benz W124 E-Class offered superior build quality and luxury but at a significantly higher price point, both new and used.
Better Performance/Features: If performance and modern features were a priority, a well-maintained Toyota Camry (especially V6 models) or Honda Accord would offer more engaging driving dynamics and better fuel economy. For a more American take on a comfortable sedan, a later model Ford Crown Victoria or Mercury Grand Marquis offered robust RWD platforms and legendary durability, though with a less refined driving experience than the 740.
Performance: In terms of performance, the base 740 was often outpaced by rivals like the Taurus with its V6 or the sportier trims of the Camry and Accord. However, the turbocharged 740 offered competitive acceleration, particularly for its era, and its rear-wheel-drive platform provided a different driving dynamic than the front-wheel-drive competitors.
Features: Features on the 740 were generally functional and focused on comfort and safety rather than cutting-edge tech. Rivals like the Camry and Accord began offering more electronic amenities and refined interiors around this time. The Taurus also boasted innovative features for its time. However, the Volvo's build quality and solid interior materials often felt more substantial.
Reliability: This is where the Volvo 740 truly shines. While Japanese competitors like Toyota and Honda had a reputation for bulletproof reliability, the Volvo 740 was renowned for its robustness and longevity. Many of its rivals, especially American offerings, were not built to the same long-term durability standards. The 740's mechanicals were designed for longevity, often outlasting its contemporaries by tens of thousands of miles.
Price: The 740 was generally priced at the higher end of the mainstream segment, often competing more directly with entry-level luxury cars. This meant it was typically more expensive new than many of its rivals. However, its long-term value proposition, owing to its durability, often made it a more economical choice over many years of ownership.
Alternatives:
Similar: For those seeking similar robustness and a comfortable ride with a slightly more upscale feel, the Saab 9000 (especially later models) could be considered, though often with more quirky ergonomics. The Mercedes-Benz W124 E-Class offered superior build quality and luxury but at a significantly higher price point, both new and used.
Better Performance/Features: If performance and modern features were a priority, a well-maintained Toyota Camry (especially V6 models) or Honda Accord would offer more engaging driving dynamics and better fuel economy. For a more American take on a comfortable sedan, a later model Ford Crown Victoria or Mercury Grand Marquis offered robust RWD platforms and legendary durability, though with a less refined driving experience than the 740.
Final Verdict: Is the 1989 Volvo 740 a Good Wagon?
The 1989 Volvo 740 is ideal for buyers who prioritize safety, durability, and practicality over cutting-edge technology or spirited performance. It's an excellent choice for budget-conscious individuals or families seeking a reliable and safe mode of transportation that can last for many years with proper care. It is definitely worth buying, especially in the used market, provided it has been well-maintained. A well-documented maintenance history is crucial. Buying a 740 with a known service record, free from significant rust, and ideally a turbocharged engine (for those who desire a bit more power) will offer the best ownership experience. Station wagon variants are particularly versatile. It is not suited for performance enthusiasts but excels as a dependable workhorse and comfortable cruiser.
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.