Fair Market Value for a Volvo 850 turbo wagon?

I'm interested in running my 1995 Volvo 850 turbo wagon in the challenge, gastropods specifically. I don't imagine it will preform to well, but I just want to compete. I'm curious how to factor the car into my budget because it was my first car as a 16 year old that my parents gave me. It didn't run because of a bad TPS sensor, so the understanding was that if I fixed it the car would be mine. Since then I've poured into the car and I'd like to show it off. How does my scenario factor into budget?

Search CL ads for non running Vulva 850 as comparison.  Pick one to use as documentation.  Probably $500 or less.  Done.

Keep in mind you have to add to your simplified budget what you spent to get it running.  Do it....love me some 850 wagons.

 plus, I know you are a young guy so if you're still in high school or college make sure you enter for that class. You may just win! We love having new young people come play.

Assuming it was a family car that your parents paid much more for then gave to you in non running condition?  I'd FMV it at $300 to $500. If it were my Challenge car I'd take the $500 figure. 

I recently bought two 95 850s. One turbo for $300 and non-turbo wagon for $500.

The 850s around me are so cheap that I can't imagine it being too high. I have seen really nice ones for $1500

I second the 3 to 500 buck range.  With no record of last T belt change and not running, you almost cant give them away down here and we dont have rust issues in Alabama.

My qualifications include owning 4 Volvos, 1 currently, all acquired for $200-$1800

How much have you “poured into the car” since?  That’s a very important detail.  Are we talking cubic hours of labor or are we talking cubic dollars?

Recently purchased a  1998 Volvo S70 turbo, running/driving/rusty for $600  and a 1998 base model S70 nonrunning/rustfree for $400.