LAST AUTO NEWS – GM BOOSTS INCENTIVES FOR SATURN AND PONTIAC DEALERS








Last Auto Account –

If you’re in the bazaar for a new Saturn or Pontiac, now may the best (and last) time to buy one. General Motors is accomplishing aggregate it can to move account off banker lots for the two discontinued brands. Now, they’re paying dealers $7,000 for every new Saturn or Pontiac car they move to rental-vehicle or service-vehicle fleets.

The allurement is a apparatus to advice dealers abate their inventories as GM prepares to banknote the two brands – but it’s aswell a abundant allurement for buyers. Once the new cars are in dealers’ fleets, they can advertise them as “used” and canyon on some or all of the accumulation to consumers.

“If a banker passes forth all the new allurement to a customer, Pontiac’s cheapest vehicle, the G3 compact, could go for about $8,000, or 46% off the sticker amount of about $15,000,” the Wall Street Journal explains.

Autoblog adds, “[H]ow abounding new cars can you buy for $8,000 alfresco of India? A added acute accord could be $7,000 off the amount of a Saturn Astra. Getting a aboriginal Astra with bags of options and a $13,000 amount tag could be advised a steal.”

Dealers acquire until January 4 to yield advantage of the program. However, they’ll be able to advertise the cars to consumers as continued as they acquire account larboard on lots. The Wall Street Journal reports, “At the alpha of December GM dealers had 14,500 new Pontiacs and Saturns on their lots, which about represents about two to three months of account depending on the model.”

But the activity presents buyers with some risks. Though the cars are about new, USA Today says that anyone costs them may acquire college absorption ante than accepted because they will be awash as acclimated — “lenders about appeal a college down transaction and college absorption amount for loans on acclimated vehicles.” In addition, the Journal says resale amount could aswell be afflicted aback the brands are getting discontinued.

However, affairs one of these “used” models doesn’t arise with too abounding drawbacks. The cars will still arise with abounding warranties, and acquire account at added GM dealerships.

Note that GM has a circumstantial activity traveling on new Saturns and Pontiacs. Until January 4, they’re alms buyers $6,500 banknote aback or zero-percent costs for 72 months. However, the Journal says these offers “can’t be accumulated with the $7,000-a-vehicle allurement GM is giving dealers.” So, buyers will acquire to adjudge which advance of activity makes the a lot of faculty for them and area the best amount can be found

See how Pontiac and Saturn models book in our rankings. Plus, analysis out the U.S. Account rankings of this year’s best cars as able-bodied as this month’s best car deals.

Find this adventure interesting? If so, amuse bang “Buzz up” to let us know.





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