Suzuki Bankrupt, Fire Sale Expected
This isn't a huge surprise, considering Suzuki sales have been terrible over the past couple of years. But this does present a good opportunity to land a great deal on the remaining unsold inventory. Suzuki dealers have four models they need to get rid of quickly, with total inventory of around 2,500 units remaining on dealer lots. Price drops will likely be in the thousands of dollars.
The good news is that Suzuki will still be honoring the warranties on all new vehicles sold. Out of 220 Suzuki dealers nationwide, around 77 sell other brands so they will still likely be around to service the vehicles. Parts should still be available, but a bit harder to track down.
If you are considering buying a Suzuki, keep in mind that resale values will take a big hit - as they normally do when the manufacturer goes out of business. For this reason, you should only consider buying one of the remaining models if you intend to keep it for at least 6 years. (Preferably, you'll keep it until the wheels fall off).
Of all the models, the Kizashi family sedan has had the most favorable reviews. Below are the remaining models and estimated nationwide inventory remaining.
|2013 Remaining||2012 Remaining|
|Suzuki Grand Vitara||167||295|
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe 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 NetworkSelect 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).
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Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
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