Here’s the deal with that whole thing. GM is offering the dealers $7000 for each car they have left in their new inventory of Saturn and Pontiacs to put them into the dealer’s own service or rental fleet. They have to sit there for 30 days before they can be resold as used cars.
Most of the dealers are not going to take this offer as 1) there is very little inventory left, 2) the GM incentives still apply ($6500 in rebates plus additional discounts may be applicable), and 3) financing available on used cars isn’t as attractive as new. Neither of the Saturn dealers I do work for are going to take the offer.
If a dealer does not accept the offer, (and they are under no obligation to do so), they will continue to sell down their inventory as new cars with all the rebates and finance incentives that apply. I just purchased an 09 Saturn AURA (the first year it came to market it won North American Car of the Year). The MSRP was about $26500, and I got a discount for belonging to a Credit Union, plus $6500 more off. I got it for just over $19000.
The AURA is the same car as the Pontiac G6 and the New Chevy Malibu. Parts will not be a problem and neither will warranty service. Saturn is still No Haggle, No Hassle (at least at my two dealerships.) You can negotiate the price of your trade in. They can’t give any more than what’s being offered by GM because there was never much mark-up to begin with. The dealers can’t and won’t lose money on the cars if they can help it. Taking GM’s lame buyout offer is a sure fire way for them to lose a ton of money.
Both of the dealerships I do work for have purchased other dealer’s excess inventory and are selling quite well right now, but quantities are very limited. When I spoke to one of the General Managers last night, they were down to 5 left.
No offense qazwart, but most of your post is absolutely wrong.