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I was loaned a 2003 S40. My sister owned a 2001 model. There is not much difference between the two models except for cosmetics. You really need to consider the S40 and they are a great bargain when bought used. I love the engine and the power of this car. Dont let the small 1.9 liter turbo fool you. This car gets up and goes pretty fast. In fact, the car feels faster than my 2001 V70 2.4 Turbo. The handling is great and the transmission is perfect.
The only thing I dont care for is the dash. Its rather plain. But I am coming from the V70 so I may be a littel biased.
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