Saab's Precarious Future Leads to Great Bargain Prices
With the sale to Swedish automaker Koenigsegg having failed last week, the future of Saab remains uncertain. In fact, General Motors decided to postpone making any plans for the troubled brand until the end of 2009.
There have been various speculations about potential buyers. Beijing Automotive Industry Holding Co., Merbanco Inc., and Dutch manufacturer Spyker Cars NV are some of the groups that have reportedly shown interest in buying Saab. But we'll have to wait to find out whether General Motors succeeds in selling the brand at all. If it doesn't do so within the next month or so, the likely outcome is that Saab will be shut down.
There is good news in this for consumers. With so much uncertainty surrounding Saab's fate, its prices are heavily discounted - so you have the next few weeks to save a lot on a purchase.
Keep in mind though - discontinued cars tend to have a steep drop in residual values. If you only intend to keep the car for 2-3 years, it's probably not worth buying one to save money.
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