Nothing major so far. Only had the transmission flushed, tune-up, and oil change. Will need to replace or repair the headliner in the back because it is starting to sag a little bit. A friend of mines said I can do that my self with a razor blade and glue spray. I still think I am going to have it done professionally. Will also need to have the AC checked as the air is not blowing cold. I bought this car in the Chicago winter, so air conditioning was the least concern.
I love this car, and probably will drive it until it dies. A member of my church has one, and he was amazed that I only have 123,000 miles. He said he has 297,000 miles on his and it still gets him around with no problem. I am always getting stop by people to ask what year it is? I just love the look on their face when I tell them a 1989. The maroon leather interior is in perfect condition. The sunroof, power windows, and locks still work perfectly. Trunk space is enormous. I probably will need to upgrade the radio to a CD player, but the cassette player is still operable.
My 1989 740 Turbo Volvo shows no signs of weakening as it enters its seventeenth year of service. All 740/60s gave the same problems: brakes, water pumps and headliners (especially headliners!). But you can really put on the miles. I am the third owner of this car, and recently watched the odometer turn over to 250,000.