Clean Restomod 242 Turbo with rebuilt B230FT + Ford Racing T5 transmission

Price: US $7,700.00 Item location: Mountain View, California, United States
  • Make: Volvo
  • Model: 240
  • Type: Coupe
  • Trim: GLT
  • Year: 1984
  • Mileage: 266,372
  • VIN: YV1AX4728E2239574
  • Color: Black
  • Engine size: B230FT
  • Number of cylinders: 4
  • Power options: Air Conditioning, Power Locks, Power Windows
  • Fuel: Gasoline
  • Transmission: Manual
  • Drive type: RWD
  • Interior color: Black
  • Drive side: Left-hand drive
  • Options: Sunroof
  • Vehicle Title: Clear
  • Want to buy? Contact seller!

1984 Volvo 240 GLT

The time has come for me to sell my beloved 242 as I'm moving soon anddon't have a way to keep it. There is a lotto say about this car, so first, the tl;dr;
- 1984 242 GLT- 266k miles but very clean- Extensive restomod over the last 12 years- Megasquirt-powered and rebuilt '93 B230FT + Ford Racing T5 transmission- 231HP/303 ft. lbs. @ 17psi as of last dyno tuning (prior to IPD Turbo cam)
I purchased this in 2006 and have done an extensive amount of work on it since I've owned it. The goal of the project has always been to build a clean looking, more modern 242 that made fun, reliable street power.
First, I'll list out the major work I've done since owning, then I'll talk more about condition and any issues. I've put about 35k miles on the car since owning, so, unless otherwise noted, assume everything listed here is no more than that old.
Engine:- Completely rebuilt 93 B230FT squirter block pulled from a 940T. Bored .030" over, decked for tight squish of .030". Head disassembled, cleaned, re-sealed- New Ford Mustang green-top 42 lb. injectors- MS2-Extra engine management- EDIS wasted spark ignition- LC-1 wideband O2 sensor- IPD Turbo cam- IPD adjustable cam gear- Rebuilt 15g turbo w/ CBV- Ported 90+ exhaust manifold- 92+ 940 intercooler and radiator- 3" downpipe- Cat delete- 940 E-fan- Walbro 255LPH fuel pump
Transmission/Drivetrain: (T5 swap performed less than 10k miles ago)- Brand new Ford Racing T5 Heavy Duty tranny, close ratio (Part# M-7003-Z)- Spec Stage 3+ clutch- Resurfaced 8.5" flat flywheel- Yoshifab T5 bell housing adapter plate- Yoshifab T5 speedo cable- Steeda Tri-Ax shifter- Modified factory tranny crossmember- Professionally modified 2-piece driveshaft- Factory 3.73 gears
Accessories:- Late 940 100 amp Bosch alternator- New Seldon A/C compressor- Late-model 240 A/C evaporator- All-custom A/C hoses- Universal 26"x14" parallel flow A/C condensor- 90+ 240 power steering pump- All poly accessory bushings
Suspension/Brakes:- Older Bilstein HD shocks/struts (installed by P.O.)- IPD lowering springs- IPD 25/25 sway bars- Upper strut braces- IPD adjustable torque rods- IPD adjustable panhard bar- Drilled brake rotors (installed by P.O.)- New brake master cylinder- New brake junction block- New brake pads
Wheels/Tires (all of this done less than 10k miles ago):- New 17x7.5" Volvo Propus wheels- New Michelin Pilot Super Sport 225/45Z/R17 tires (Replacement warranty and lifetime rotation+balance on tires at Discount Tires/America's Tire)- Motorsport tech hub-centric bolt-on spacers
Body:- Professional repaint from the belt-line up in 2011 (including underside of hood). Entire car repainted by P.O. when color was changed from factory black to current metallic black- Engine bay and front fenders painted current metallic black during engine swap in 2007- Small areas of rust in windshield cavity and quarter panels repaired during 2011 repaint- New late-model 240 windshield and seal installed following 2011 repaint- Sunroof seals replaced during repaint- Outer window weatherstripping seals replaced- Rear pop-out windows weatherstripping replaced- E-code headlights & turn signals- Late-model 240 manual side mirrors installed- Very light tint applied on all but windshield
Interior:- Complete color swap from tan to black in 2007- Late-model 240 dash with only 1 small crack (the place every one of them seems to crack)- Rear seat and rear shelf reupholstered professionally- Re-made door panels also done by upholstery shop- New black carpet & floor mats- New front Corbeau black vinyl/cloth sport seats & manual sliding brackets- Volvo R-Sport steering wheel
Audio:- Alpine Bluetooth/USB/Aux head unit- 4" Boston Acoustics speakers in front doors- 6x9" Boston Acoustics speakers in rear deck- MB Quartz 10" subwoofer mounted in sealed box, bolted to trunk floor- Rockford Fosgate subwoofer amp, quick disconnect plug to allow removal of sub/amp for racing.
There are surely many maintenance items I'm leaving off and I have a giant folder full of receipts for all that. But here's more about the shape of everything.
Body - Great shape overall. The body is very straight and the paint shows great. The glass is clean and the plastics are as good as you can hope for (minimal warpage). Wheels still look brand new. The only major scuff is where I rubbed the front right fender against a pole and some paint chipped off (see pic). One small bubble in the paint under the license plate (see pic). There is a bigger rust issue under the passenger seat that has gone through, and a previous owner did a poor repair to cover the hole (see pic). I've never gotten around to repairing this, but it doesn't seem to have spread much.
Motor - Very strong and good-running motor. No funny noises, no significant leaks (little seepage, not enough to reach the ground). A Megasquirt pro (ex. dyno shop tuner) could probably get it tuned up even better, but it always starts up, idles very smoothly, and revs out strong. Electrical system is great with no battery draining issues, cooling system is great and hasn't gotten hot once. No problems from the fuel or spark systems. A/C blows colder than any factory 240 system when it works (big aftermarket condenser), but there seems to be a leak that has developed somewhere that I haven't pin-pointed and addressed. It is also wired for the A/C pusher fan but then fan lost a blade and is currently removed.
Drivetrain - The Ford Racing T5 in this car is beefy and ready for more power. It's still very tight and new. I think the most loose ends on the car are in this area though. For one, the 2.95:1 first gear would be better paired with 4.10 rear end gears than the current 3.73. The motor makes plenty of low-end torque to get it going, but 4.10's would make starting a bit easier and 5th gear usable below 60. The Spec clutch is shudder-free and surprisingly, not that heavy The other issue I never resolved is that under sudden full power, the driveshaft will sometimes knock on the tunnel. Lastly, I never got around to getting a good shifter boot worked out, so it's just kind of laying over it, but not mounted at the base.
Suspension - Rear bushings (besides torque rods and panhard bar) probably need to be gone through. Some creaking has developed back there on bumps. Shocks are also getting tired. Otherwise good.
Interior - Shows great overall. Carpets and seats are clean. Door panels have never been the best fit and finish, but way better than the crumbling factory panels I had. Rear seat side panels were painted black from tan and have started chipping off, exposing tan. Headliner is good. Sunroof panel is off and needs to be reupholstered, but I have it. Sunroof itself works smoothly. Power windows work. Power locks are not working. Flashers not working but blinkers are fine. Rear defroster has never worked. Stereo sounds great. All gauges work.
Below is a short startup, idle, and walk around video:

FOR SALE 1984 Volvo 242 Turbo startup and idle - YouTube

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The car is located in Mountain View, CA but will need a catalytic converter if you will be registering it in CA. I am available throughout the auction to show the car, just send me a message and we can set up a time. Most importantly, the car HAS to be picked up by you or a shipper by July 28th as this is when I'm moving. I'll accept cash, cashier's check, or wire transfer for payment.