Volvo S60 FAQs
2001 Volvo S60 2.4T auto transmission
Servicing the auto transmission is a good start and I would support doing that, but it could be something deeper that is causing your problem. It could be that it needs a rebuild, but you won't know until the mechanic checks it. Whatever it is, it needs addressing.
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Volvo S60 unwanted acceleration
It's hard to say what went wrong at the time of the incident, but the only thing you can do it to have the vehicle checked by a mechanic to ensure the accelerator is working correctly and that there is nothing under the pedal that might have caused it to jam. Volvo recalled S60s in the USA when they had problems with the accelerator system, and they recommended checking the throttle position sensor and cleaning the throttle body.
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Ask Smithy Xtra S60 engine
Fitting a Volvo engine is your only realistic choice, and the decision between a reconditioned engine and a secondhand one comes down to how long you think you will keep the car. A reconditioned engine is the best choice because you are, in effect, getting a new engine. While a secondhand engine would be a cheaper option and might well give you good service you know little about its condition and how much service you could expect to get out of it. If you plan to keep the car for a long time go for the reconditioned engine, if you plan to get it going and get out of it in a short period of time go the cheaper secondhand route.
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