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.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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