$7,000 Dealer Discounts on Remaining Saturn and Pontiacs
As many of you already know, GM decided to discontinue the Saturn and Pontiac brands. Production has already stopped and there are only about 4,000 Saturns and Pontiacs left.
If you're still considering buying one, we've got great news. GM is now offering a $7,000 dealer incentive for each vehicle sold until January 4, 2010.
This means the money will go directly to the dealer as a hidden incentive. The good news: dealers usually pass most of the incentive to the consumer (especially if you know how to negotiate the lowest price).
With this new incentive, you could potentially buy a brand new Pontiac G3 for less than $8,000 or you can get a Saturn Astra with all options for less than $14,000.
There's a few catches however. In order to qualify for the incentive, the dealer has to technically purchase the car first. When they sell it to you, it will be considered used. This is just a technicality however; you will still be buying a brand new car.
Another problem is that most of these models have already been sold. The ones left usually don't have popular options or colors to choose from. You also have to keep in mind that you'll be buying a discontinued brand, meaning the residual values will not hold up very well.
Even with these disadvantages, if you really have your heart set on a Pontiac of Saturn, this is your last chance to buy a brand new one, and you'll be guaranteed a great deal.
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.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- 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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