Wednesday, December 30, 2009

Fire Sale Heats Up

We're back after a short hiatus and just in time for one of the best times of the year - and maybe the decade - to buy a new car.
Everyone is making deals and offering incentives as the manufacturers try and close out 2009 but you won't find better deals than the ones you'll get from local Saturn and Pontiac dealers. With the brands disappearing, incentives are through the roof as GM and dealers try and get the cars off the lots.
If you're one of those folks who love Saturns or Pontiacs, this is a great time to buy, especially when you consider that GM will honor all warranties and will also be doing repair and warranty work at its remaining dealerships.
If history repeats itself, buyer will find out that they made a good decision in buying one of these brands, especially since GM is offering dealers $7,000 incentives to move them, which will be passed on to consumers. Most of those folks who bought an Oldsmobile a few years back, when GM got rid of that line, were happy they did.
A word of caution, however. If you're not planning to keep your car for a while, it may be wise to stay away from these vehicles because of a weak resale value. Down the road, however, they may regain value, especially if collectors decide to start gathering up some of the hotter models – especially the Solstice or Sky.
Here in South Florida, you might want to move quickly. These cars are going fast.

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