GDAy
@paul0075 , welcome to the madhouse!
Well , its white so thats a bonus in my books !
Now as Rob says you need the VIN to check if its 10 valve or 20 valve (look up volvo VIN and how to decipher )
I am of the belief that a 20 valve is a way better option....
My first thought is its expensive but being a dealer thats what happens. Clarifying this , there are so many for sale out there and although 120,000K seems great , remember its nearly 20 years old so all the rubber bushes will be needing replacing , the suspension too , the PCV system will need replaced as will the leads and rotor and dixxy cap , radiator and hoses , thermostat .... The list is the same as a higher K car cos of the age and these things fail esp the cooling system and then the timing and ancilliary belts as well .
You can buy a low/higher K V70 wagon for this money in fact i will sell you one for less in the very near future if you dont mind one that has been repaired! Much less than that....But i digress.
As i said my first thought TOO DEAR , and why is an 850 so expensive when you can get a 97/98 V70 non turbo 20 valve for the same price or less too....
Look at Gumtree within 500 km radius of where you live and see the varying prices , the high ones for 850s just sit there and dont sell.
gumtree.com.au/s-ad/jerrabomberra/cars-vans-utes/v70-volvo/1037021081
Needs gearbox service? They are the same gearbox as Toyota and Ford use so no real orblems there whatever the problem , i have one here i think would fit anyway , many places would if it came to that.
gumtree.com.au/s-ad/penrose-2579/cars-vans-utes/1997-volvo-v70-wagon/1037663946
This last one , although high K looks really good , is in your area , ask if its well serviced and what major work has been done , offer them $1200 then $1500 maybe depending on what has been serviced , aske em , get back here and we can help you .
High Ks shouldnt woryy you if its long country drives and its been serviced. Anyway , a motor is cheap!
Les.