Ownership Cost for 1987 Volvo 740 GLE
Estimated: $26546 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 | $477 | $253 | $137 | $225 | $1239 | $2331 |
| Repairs | $91 | $323 | $353 | $487 | $612 | $1866 |
| Taxes & Fees | $24 | $24 | $24 | $24 | $24 | $36 |
| Total Ownership Costs | $5256 | $4849 | $4837 | $5168 | $6436 | $26546 |
| Model year | COMPONENT | Complaint |
| 1989 | POWER TRAIN:MANUAL TRANSMISSION | TRANSMISSION SHIFT DOES NOT ENGAGE PROPERLY WHEN SHIFTING TO PARK. DESCRIBE OTHER PROBLEMS. TT |
| 1987 | ELECTRICAL SYSTEM:WIRING:FRONT UNDERHOOD | THE INSULATION ON THE WIRING HARNESS IN THE ENGINE COMPARTMENT HAS TOTALLY DEGRADED, CAUSING MULTIPLE FAILURES OF THE ENGINE ELECTRICAL SYSTEM, THE WORST BEING OVERPOWER TO THE FUEL INJECTORS CAUSING TOTAL GASOLINE FLOODING OF THE CYLINDERS AND DUMPING GASOLINE ALL OVER THE ROAD. THIS IS A MAJOR FIRE HAZARD. IN RESEARCHING THIS, I HAVE FOUND OUT THAT ALL VOLVO'S FROM 1983-1987 HAVE THE SAME PROBLEM. VOLVO IS WELL AWARE OF THE PROBLEM BUT NEVER FIXED IT. GASOLINE DUMPING IS A MAJOR FIRE HAZZARD, IF I WOULD HAVE BEEN SMOKING IN THE CAR, OR SOMEONE PULLED UP BESIDE ME SMOKING, THERE COULD HAVE BEEN A MAJOR FIRE AND EXPLOSION. I HAVE HAD TO HAVE THE WIRING HARNESS IN THE ENGINE COMPARTMENT TOTALLY REPLACED, AND VOLVO SAYS THAT WILL TAKE CARE OF THE PROBLEM, A PROBLEM THAT NEVER SHOULD HAVE EXSISTED. IT SEEMS THAT VOLVO EXPERIMENTED WITH INSULATION IN THE EARLY 80S TO MAKE WIRING HARNESSES BIODEGRADEABLE. THAT IS ADMIRABLE, BUT IT WAS ALSO A FAILURE, CREATING MAJOR ELECTRICAL PROBLEMS FOR VOLVO OWNERS AROUND THE WORLD, AND THEY NEVER FIXED THE PROBLEM. ALL VOLVO'S BUILT IN THIS TIME PERIOD HAVE THIS PROBLEM. I DO NOT KNOW IF ANYONE HAS BEEN INJURED BECAUSE OF THIS FAILURE, BUT IF NOT, ITS A MIRACLE. VOLVO SHOULD HAVE BEEN MADE TO REPLACE THESE THINGS IN THE 80'S WHEN THEY BECAME WELL AWARE OF THE PROBLEM. |
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