Ownership Cost for 1985 Volvo 240 GL
Estimated: $26915 over the next 5 years
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| Depreciation | $984 | $472 | $413 | $374 | $335 | $2578 |
| Insurance | $1451 | $1502 | $1554 | $1609 | $1665 | $7781 |
| Fuel | $2229 | $2295 | $2376 | $2471 | $2582 | $11953 |
| Maintenance | $730 | $253 | $137 | $225 | $1356 | $2701 |
| Repairs | $91 | $323 | $353 | $487 | $612 | $1866 |
| Taxes & Fees | $24 | $24 | $24 | $24 | $24 | $36 |
| Total Ownership Costs | $5509 | $4849 | $4837 | $5168 | $6553 | $26915 |
| Model year | COMPONENT | Complaint |
| 1991 | SERVICE BRAKES, HYDRAULIC:FOUNDATION COMPONENTS:DISC:PADS | BRAKE FAILURE, WHEN APPLIED COMPLETE LOSS OF EFFECTIVENESS, PEDAL WENT TO THE FLOOR, REPLACEMENT OF DISC PADS. TT |
| 1985 | ELECTRICAL SYSTEM:WIRING:FRONT UNDERHOOD | FOLLOWING MULTIPLE BREAKDOWNS FAILED INSULATION ON EXPOSED ELECTRICAL WIRES IN CLOSE PROXIMITY TO THE FUEL INJECTION SYSTEM AND ALTERNATOR WERE FOUND. I BELIEVE THIS TO BE A DANGEROUS SITUATION WHICH COULD LEAD TO FIRE AND HAVE TAKEN THE CAR OFF THE ROAD PENDING REPAIR. I SEARCHED GOOGLE FOR VOLVO BAD WIRING AND CAME UP WITH MANY HITS. THIS APPEARS TO BE A SAFETY RELATED DESIGN FAULT RELATED TO THE TYPE OF WIRE USED ONLY IN CERTAIN YEARS IN THE EARLY 1980'S. EARLIER AND LATER CARS SEEM TO BE OK. IT SEEMS THE WIRE IS NOT HEAT RESISTENT. |
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