Slashing Prices On New Saturn’s
Today it was announced that General Motors will be selling off their inventory of Saturn vehicles. Saturn vehicles will join with the service and rental car lots operated by select dealers. This will enable dealers to slash prices up to 46% off retail price. These Saturn vehicles are brand new, but will be marketed as used because technically the dealers will be considered the first owners.
Many may hesitate to buy
There’s reason to hesitate in buying a Saturn from a generic auto dealer as that GM stated that they will honor existing warranties on these liquidated vehicles. The fact that these cars will be considered used may or may not be a deterrent to prospective buyers. Because the resale value will be very low, GM is losing a lot of money on this deal by paying $ 7000 to dealers on every car. It is said to be part of their reorganization process and that it will pay off in the long run.
What this means for you
I’m a Saturn owner and I love the brand, so I’m pretty excited that I’ll be able to apply for an online installment loan or payday loan to secure funds for my new Saturn. My Saturn is 5 years old and I have yet to have a problem with it. I have been on many long road trips, and with its digital compass that’s viewed on the rear view mirror I have never been lost.
When will this sale happen?
It’s reported that this will occur around January 4, 2010 and up to three months of inventory will be liquidated. That’s roughly 3,500 Saturn’s that bargain hunters will be able to purchase. General Motors is desperate to rid themselves of their Saturn and Pontiac vehicles. General Motors will be left with only Chevy, Buick, and Cadillac for the coming years.