• Volvo discount available to Costco members
  • Deal combines rebates with a Costco cash card
  • Offered on all 2013 and 2014 Volvo models

Volvo has teamed up with retail giant Costco to offer a new program for shoppers interested in buying a car. The program saves members money on a new Volvo -- and it even gives them a Costco cash card worth $500.

According to Volvo, the brand's deal with Costco is available on any 2013 or 2014 model. Costco members who take advantage of the discount will get several major incentives, including Volvo employee pricing. They'll also receive all applicable rebates on the model they choose.

But the program offers more than just low-interest financing and discounted pricing. Drivers who get a new 2014 Volvo under the program also will get a $500 Costco cash card. And shoppers who don't mind choosing a 2013 model -- which, in most cases, is largely the same as a 2014 Volvo -- can get $750 off Volvo employee pricing in addition to the cash card. The only catch? Once they buy the car, they have to complete a survey.

To us, that sounds like a pretty good deal -- especially since it's available on every Volvo model. That means shoppers can get the discounted pricing and cash card whether they're buying a C30 hatchback or an in-demand XC60 crossover.

Unfortunately, shoppers can't take advantage of the deal by heading to their local Costco and signing up for a membership. That's because the program is only offered to those who were Costco members before March 1. Shoppers don't have unlimited time to take advantage of the deal, either; it expires on July 31, 2013.

This is not the first time Costco and Volvo have teamed up for a deal. In 2007, they joined forces for a holiday program around the XC90 crossover, which had been revamped for the 2007 model year.

In addition to the C30 hatchback and XC60 crossover, Volvo's lineup consists of the C70 convertible, S60 and S80 sedans and XC70 and XC90 crossovers. The brand recently announced it will launch a 5-door V60 hatchback later this year.

What it means to you: If you're a Costco member, the retailer's newly announced Volvo discount may be worth considering.

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Doug DeMuro has a wide range of automotive industry experience, from work at a Ferrari dealership to a manager for Porsche North America. A lifelong car enthusiast, Doug's eclectic vehicle purchases include a Porsche 911 Turbo, an E63 AMG wagon, an old Range Rover and a Mercedes Benz G-wagen.

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