Saab's Precarious Future Leads to Great Bargain Prices
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 No-Haggle, CarsDirect, and NADAGuides 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.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid