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The 2003 Volvo S40 range of configurations is currently priced from $3,850.
The 2003 Volvo S40 carries a braked towing capacity of up to 1400 Kg, but check to ensure this applies to the configuration you're considering.
You have multiple options for replacing a Volvo s40 key fob, however without more information about your specific vehicle I'm not able to give you more information about the cheapest one. You can read more about cheap replacements for a lost or broken key fob here.
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It sounds like a good choice and I've no bad news. Always check that the services have been done correctly and it's worth getting a full report from a motoring club before committing to a car.
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The first thing is to make sure the system is bled properly and there is no air in it to cause a soft, sinking pedal. Your mechanic might well be correct, that it is a master cylinder problem, but I would be checking the brake booster.
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The Volvo S40 2003 prices range from $3,850 for the basic trim level Sedan 2.0 to $8,140 for the top of the range Sedan T4.