1992 Volvo 740

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starting MSRP

1992 Volvo 740

Key specs

Base trim shown


3 trims

Starting msrp listed lowest to highest price

  • GL

  • Base

  • Turbo


Wondering which trim is right for you?

Our 1992 Volvo 740 trim comparison will help you decide.

1992 Volvo 740 review: Our expert's take


The verdict:

Versus the competiton:

Swedish automobile manufacturer Volvo is one of the few remaining world car builders that has eschewed aerodynamic form for the body structure of its sedans and station wagons.

Adhering to a squared-off shape that provides maximum interior width and height for passenger comfort, Volvo’s products evoke an image of solid construction and quality of assembly.

The company’s vehicles lie toward the upper end of the price scale, without apologies. Corporate management takes the position that the good things in life are not free.

In return, Volvo offers a liberal dash of engineering technology, luxury appointments and safety, all as standard equipment.

The product line encompasses a 240, 740 and 940 series, plus a specialty Coupe. The 740 line is midstream in its pricing and has available the same basic four-cylinder engine found in the 940.

Safety is a Volvo trademark, and the company emphasizes this more than raw speed. However, in turbocharged form, the 2.3-liter, four-cylinder engine has sufficient horsepower that dropping the hammer on full-throttle acceleration gets things going in a hurry.

For a more normal driving mode, the 740 provides relaxed motoring. It also includes some power accessories that add to the convenience purchasers of fairly expensive motor cars expect.

The 740 Turbo sedan that Terry Lee, vice president and general manager of the Tom Wood Group that represents Volvo in Indianapolis, was quite representative of this series. Options, while few, did include an anti-lock brake system.

The 162-horsepower, turbocharged engine is the better package for a 740. The 2.3’s 114 horsepower in non-turbocharged form is a little low to move a car of this size around.

With a turbo, the boost (intake manifold pressure) comes up and the sedan responds to a driver’s wishes, whether sustained interstate speed or quick maneuvering in traffic.

It’s not designed for road racing, but in a world beset by front-wheel drive the rear-drive 740 with its constant-track live rear axle lets a driver engage in some fancy footwork through fast corners.

It’s also an automobile to which a driver can adapt easily. The automatic transmission, levers and controls were standard fare, and in a few minutes of driving and everything falls to hand.

Newcomers to the sedan will like the way the doors swing out 70 degrees to make it easier to get in. But if you’re a 6-footer, you may have to duck to miss the top of the door sill.

The jury may be out on Volvo and firm seating. But considerable time spent in the car didn’t produce any fatigue, and there was lots of room.

For the price, I felt the 740 should have had power seats. But overall, there really weren’t any convenience items missing, and the car gave the impression it could go on and on forever.

1991 Volve 740 TurboBase price: $25,985.As tested: $28,658.Type: Front-engine, rear-drive, five-passenger luxury sedan.Engine: 2.3-liter, eight-valve, fuel-injected, fou r-cylinder, 162-horsepower.Mileage: 19 mpg city, 22 mpg highway.Acceleration: 0-60 mph in 8.3 seconds.Length: 188.4 inches.Wheelbase: 109.1 inches.Curb weight: 3,073 pounds.Options: ABS system, leather seating, beige metallic paint.Area dealer: Tom Wood.

Consumer reviews

Rating breakdown (out of 5):
  • Comfort 4.1
  • Interior design 4.5
  • Performance 4.0
  • Value for the money 4.5
  • Exterior styling 3.5
  • Reliability 4.5

Most recent consumer reviews


Great little car

These things are cheap, fast, spacious, and reliable. Mine has nearly 300,000 miles and is still going strong. —The Good— The interior is quiet, and well designed. The seats are comfortable and it seats up to 7 if you get a wagon with jump seats. All models have power windows, some have power seats or even a sunroof. The 740 is also by far one of the safest cars of its era, featuring airbags, antilock brakes, crumple zones, and rollover protection. The 160 hp turbo 4 in my wagon is the perfect amount of power to get itself up to speed and then some. The bulletproof AW71 automatic transmission is a great way to send the power to the rear wheels. It’s also a perfect city car because of its rubber shock mounted bumpers, and a turning circle smaller than a modern corolla. As a side note, with a small amount of modification to the turbo control system, these things can be made to really fly. —The Bad— They can have clogged engine ventilation systems, which can cause somewhat substantial oil leaks. There is also a suspension component (control arm bushing) that often needs replacing. In addition to the aforementioned issues, these cars’ reputation for reliability can work against them. Some owners neglect regular service, as they believe these cars don’t need to be taken care of. While there is some truth in that, the car will not last as long, or be as reliable as a well maintained one. A driveway tune up is easy with an afternoon’s work, some basic tools and a bit of mechanical know how. You can get a neglected Volvo back up to tip top shape quite easily, on your own dime no less, saving hundreds of dollars in service costs. What’s not fixable on your own (without replacement), is cracks in cast iron components. The turbo housing tends to crack on pre 1990 cars, and the manifold cracks on post 1990 cars. There are companies that can fix cracked parts, so that you don’t have to shell out hundreds for a replacement. None of these issues will keep it from being driven every day though, it’s just ideal to get them fixed for optimum performance The only other thing I can think of is that the AC systems aren’t the most reliable. However, despite being designed for r12 (Freon, outdated illegal refrigerant), they can use modern r134a without significant modification. All in all, I’d recommend one of these to anyone looking for an inexpensive way to get your family around safely, anyone who wants to know they’re gonna get where they’re going, anyone who wants to go fast on a budget, anyone who values being able to do their own work, I could go on. I love my car, and you’d be hard pressed to find someone who owns one and didn’t love it too.


Long lasting

284,000 miles and still going strong.They don't make them lke this anymore. I'll buy another one any day.

See all 2 consumer reviews


New car and Certified Pre-Owned programs by Volvo
Certified Pre-Owned program benefits
Maximum age/mileage
Less than 5 years/less than 80,000 miles
Basic warranty terms
5 years/unlimited miles , upgradeable up to 10 years
Dealer certification required
170- plus point inspection
Roadside assistance
View all cpo program details

Have questions about warranties or CPO programs?

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