 Saturn Cars |
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 Dec 31 2009, 12:46 AM
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#1
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Group: Members
Posts: 658 Joined: 22-April 08 Member No.: 73,639  |
MarvBear,
What's your take on this? http://www.sayeducate.com/2009/12/31/fire-...-saturn-models/ How would one go about acquiring one of these dealer owned Saturns? Are other GMC dealerships buying these cars to put on their lots or are Saturn dealerships just selling these cars as "used" on their lots? I am going through a BK 7 and looking to arrange for my own financing (if anyone will touch me) or just paying outright for a really cheap car (under 4K). I was thinking of getting a used car, but a "gently used" Saturn would be even better! Thanks. |
  
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| Googie |
Dec 31 2009, 12:46 AM
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The MoneyMaker
Group: Accounting
Posts: One in Every Topic Joined: 1-February 03 From: Mountain Home, CA Member No.: 1 |
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Dec 31 2009, 10:45 AM
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#2
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Automotive Forum Lead
 Group: Mod Squad
Posts: 39,920 Joined: 11-November 03 From: Sleeping in the Sun! Member No.: 2,377 |
I don't imagine we will be purchasing any Saturn's or Pontiacs. I'd expect in short order most lenders will no longer provide financing on orphan models. That may take a few months to implement.
I've read that some Saturn models can be had for as much as a 46% discount from MSRP. I have no idea if that is true or not.  |
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Dec 31 2009, 02:10 PM
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#3
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Group: Members
Posts: 196 Joined: 6-May 08 Member No.: 74,552 |
Why wouldn't they offer financing? It is my understanding that GM is required to continue supplying parts for them for 15 years.
Joined CB 7/2008.... Goal 1 - FICO> 600
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Dec 31 2009, 03:50 PM
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#4
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Group: Members
Posts: 3,995 Joined: 6-September 04 From: Virginia Member No.: 8,296 |
Saturn cars have been orphans for a while now. In many models the engine and transmission were made by Honda, but now neither GM nor Honda will touch them.
Also ponder the possibility of "GM . . . 15 years" |
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Dec 31 2009, 04:12 PM
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#5
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 Group: Admin
Posts: 25,839 Joined: 31-January 03 From: E of the moon, W to the stars Member No.: 4 |
QUOTE (mk_378 @ Dec 31 2009, 02:50 PM)  Saturn cars have been orphans for a while now. In many models the engine and transmission were made by Honda, but now neither GM nor Honda will touch them. Also ponder the possibility of "GM . . . 15 years" They have used GM-built engines since 2008, IIRC. GM will probably be just fine in 15 years. They may have a diminished presence in the US, but their China sales are up 40-50% over just 2 years ago. GM is #1 in sales in more than one foreign country. Illegitimi Non Carborundum.
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Dec 31 2009, 06:22 PM
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#6
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Group: Members
Posts: 2,845 Joined: 26-November 04 From: WA Member No.: 10,351 |
QUOTE (MarvBear @ Dec 31 2009, 07:45 AM) I've read that some Saturn models can be had for as much as a 46% discount from MSRP. I have no idea if that is true or not. It's true for Pontiacs. Asking price was close to 45% off MSRP. I made an offer around 50% But then I retracted when I realized it was a 4cyl model. Where is the fun in that? 
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Dec 31 2009, 07:43 PM
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#7
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Automotive Forum Lead
Group: Mod Squad
Posts: 39,920 Joined: 11-November 03 From: Sleeping in the Sun! Member No.: 2,377 |
QUOTE (leila13 @ Dec 31 2009, 02:10 PM) Why wouldn't they offer financing? It is my understanding that GM is required to continue supplying parts for them for 15 years. I don't believe that GM being required to supply parts or not for 15 years, has any bearing on a lenders decision on what makes/models are considered for financing. |
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Jan 1 2010, 12:07 AM
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#8
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Group: Members
Posts: 658 Joined: 22-April 08 Member No.: 73,639 |
The local dealer's website only lists 17 cars, half of which are truly used cars (some GM, some trade-ins). The prices online do not show any evidence of these deep discounts. I may go to the delership in person, but the only models they have are the Aura and maybe the VUE. I am more interested in the Astra.
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Jan 1 2010, 12:27 AM
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#9
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Group: Admin
Posts: 25,839 Joined: 31-January 03 From: E of the moon, W to the stars Member No.: 4 |
QUOTE (MarvBear @ Dec 31 2009, 06:43 PM) I don't believe that GM being required to supply parts or not for 15 years, has any bearing on a lenders decision on what makes/models are considered for financing. I suspect it's almost entirely related to their opinion of what the resale value may be if the car is orphaned. Lender's don't like being severely upside-down (collateral-wise) in a loan either. Illegitimi Non Carborundum.
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