Go for the V40!!!(sorry biased ako). Based on my V40 here are the concerns I had with the vehicle :
Suspension - be sure the suspension is still ok. However, I think there's an affordable alternative if you don't want to purchase original Volvo parts (Cruven or Zee)
Headliner - since the headliner of the V40 is made from cloth, tendency of the material is to drop from the ceiling. You can have it fixed naman. Price ranges from P7,000.00 - home service or as low as P4,500.00. The latter is located at BF Homes.
So far, those are the major concerns I experienced with my V40. Other than the 2 I mentioned OK yung wagon!
Try to get a copy of Topgear Phils. June, 2006 edition. They have a review of the 98 Volvo V40.
Goodluck with your wagon hunting!!!



(sorry biased ako). Based on my V40 here are the concerns I had with the vehicle :
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