'82 264 GLE...A few questions before I try to get it running again

I just bought an '82 264 GLE and have a few questions.

The car's previous owner stopped driving it about five years ago
because she and her husband both were given company cars and she also
had a sports car that she liked driving more. She said the last time
she drove it, it ran fine.

The car only has 74,000 miles on it! The interior is in excellent
condition. Not cracks in the dash or the seats. It really looks almost
new. I've never seen an older Volvo that was in nearly this nice a
condition on the inside.

Now the bad:

The body does have a little rust under the driver's side door that I'll
have to fix.

It needs tires, but the Corona wheels do have all of the center caps
still attached.

The biggest detractor from what I've read is that it has the PRV
engine. Again, the lady who I bought it from said it ran well when she
last drove it, but I know these engines aren't the most long-lived of
the Volvo engines. I figured that if the engine is history, I can
always put a red block engine in it.

So now to the questions:

1. I'm planning on draining the gas tank of any old fuel and purging
the fuel injection lines of the old fuel.

2. After I get it started and verify that the engine still will get the
car down the road, I'm going to change the oil, transmission flid, and
antifreeze. I've read that synthetic engine oil helps these engines'
longevity. Should I put some sort of oil system cleaner in the engine
since it has not been run for so long?

3. Finally, the leather seats while in very good condition are somewhat
harder than I would think they should be. What is the best leather
reconditioner to use?

Anything else I should be aware of?

http://www.brickboard.com/GALLERY/images/6432.jpg

 

Since the big problem with the PRV engine is lubrication, be shure to
change oil + oil filter. Also take a look at the coolantlevel and condition
and eventually replace it. Remember that aluminium corrodes too. Another
problem are the cylinder linings, that tend to sink, causing coolant to
leak into the engine. Not a specific Volvo or PRV problem, but perhaps a
little more frequent.

Johan Plane
Uppsala, Sweden

 

I would put in new oil and a filter BEFORE trying to start it for the
first time, then if it runs fine, drain it, remove the filter, and add
a quart of Rislone with some more fresh oil and another new filter.

Then change the coolant, power steering fluid, brake fluid,
transmission fluid and differential fluid.

 

I like Rislone. I use it in my Vanagon.

What is the best oil to use in this engine? I've read that synthetics
are recommended for the B28's. Is there any additive other than
Rislone that will help to protect the cam bearings that go bad in this
engine?

Thanks.