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I just purchase an S40 on June 21. Paid 7.8% BELOW factory invoice.
The 2003 models are arriving soon, therefore Volvo is offering incentives to the dealers in order to clear out stock. It seemed that the deep discounts were on the models with the Premium Plus package.
If you are considering a purchase, here is what worked for me:
1) Decide what car you want with what options and in what color.
2) Call all volvo dealers within 50 miles (for me it was 4) and speak to fleet purchasing to find out what they have in stock.
3) Talk price with the fleet manager, working down from Factory Invoice, sharing the best price you had recieved elsewhere.
This should help you get a GREAT price.
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