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Suzuki Bankrupt, Fire Sale Expected

This week, Suzuki filed for bankruptcy protection and announced they will no longer sell automobiles in the U.S.

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 Remaining2012 Remaining
Suzuki Equator  331
Suzuki Grand Vitara167295
Suzuki Kizashi328517
Suzuki SX41122700





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).
Select Vehicle to Get Local Pricing

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

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About The Author

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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