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.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
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
About The Author
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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