Common failure on these cars is of the main power coolant hose parting company with the lower radiator - the metal clip corrodes and the pressure of the cooling system blows the hose off, dumping all the car’s coolant.
I see you’re located in Alloa - try Volvo breakers Headswood Garage in Denny, Stirlingshire, as well as SCB Edinburgh and Stewart Metals in Glasgow, if you are fond of the car and want to source a replacement engine.
I was once quoted £130 for a 1.6 engine for a 2000 X/reg S40, but transport/labour may make it expensive.
Hope this helps.
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CURRENT
340, 360 GLE, 440 GLT, 440 TD, 460 CD (x2), 850 T-5 (x3), 850 TDI, V40 Sport Lux, V40 1.8 S, C70 GT 2.0T
PREVIOUS
S40 1.6 (x2); 440 1.6i
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