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1992 Volvo 240

1992 Volvo 240

Sedan
RWD
Regular Gasoline
Horsepower
MPG Combined
20 mpg
MSRP
Torque
Reliability Score
100/ 100Excellent
Based on 1 NHTSA complaints

Should You Buy a 1992 Volvo 240?

The 1992 Volvo 240 is a classic sedan that embodies reliability and safety, making it a solid choice for buyers seeking a dependable vehicle. With a rear-wheel drive layout and a 2.3L I4 engine producing 114 hp and 136 lb-ft of torque, it offers a balanced driving experience. The 5-speed manual transmission enhances driver engagement, while the combined fuel economy of 21.0 MPG provides decent efficiency for its class. Although the MSRP is unknown, the Volvo 240 is often regarded as a budget-friendly option in the used car market, appealing to those who prioritize longevity and low maintenance costs.

Despite its age, the Volvo 240 boasts a perfect reliability score of 100/100, indicating that it has stood the test of time. However, it is worth noting that there has been one NHTSA complaint related to airbag sensor issues, which resulted in four injuries but no fatalities. This highlights the importance of thorough inspections when considering a used model. Overall, the Volvo 240 remains a practical choice for those who value safety and durability in a vehicle.

Ideal For

The ideal buyer for the 1992 Volvo 240 is a practical individual or family looking for a reliable, safe, and classic vehicle that can handle daily commutes and occasional road trips.

Strengths

  • +Exceptional reliability and durability
  • +Strong safety reputation
  • +Engaging driving experience with manual transmission
  • +Decent fuel economy for a sedan of its era
  • +Classic styling with a loyal following

Weaknesses

  • -Limited horsepower compared to modern vehicles
  • -Aging technology and features
  • -Potentially higher maintenance costs for older models
  • -Less spacious interior compared to contemporary sedans
  • -Availability may be limited due to age

Known Issues (NHTSA Data)

No significant NHTSA complaints on record, aside from one incident related to airbag sensors. This suggests that while there may be minor issues to consider, the overall reliability of the vehicle is commendable, with a perfect score of 100/100.

Top Complaint Areas
AIR BAGS:FRONTAL:SENSOR/CONTROL MODULE100% of complaints

Performance

Horsepower
Torque
Engine
2.3 L
Cylinders
I4
Transmission
Automatic 4-spd
Drive Type
RWD

Efficiency

MPG Combined
20
Fuel Type
Regular Gasoline

Dimensions

Length
189.8 in
Width
67.3 in
Height
56.3 in
Wheelbase
104.3 in
Curb Weight
2,919 lbs
Ground Clearance

Capacity

Doors
Seating
Cargo
Max Cargo
Max Towing
Max Payload

Estimated Value

Value estimate unavailable. MSRP data not available for this vehicle.

Estimated Cost of Ownership

Estimated Annual Cost
$4,625
Per Mile
$0.39
5-Year Total
$23,125
Fuel
$2,000/yr
Maintenance
$600/yr
Insurance
$2,025/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (6)

240
RWD
240
RWD
240 Wagon
RWD
240 Wagon
RWD
240
4dr Sedan (4-speed automatic)
114 hp
rear wheel drive
240
GL 4dr Sedan (4-speed automatic)
114 hp
rear wheel drive

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