2009 Cars Deals are Insane

Mark Solheim from Kiplinger: Auto sales in 2008 were the worst in 16 years, and this year could be even grimmer. Dealers desperate to move inventory off clogged lots are entertaining the lowest of low-ball offers. Add in generous cash rebates and low-interest financing - at least, for the most creditworthy customers - and screaming bargains abound. Bill Cormicle of Flint, Michigan, got a sweet deal on his new Saturn Vue, a model that was piling up on dealer lots. Cormicle was replacing a GMC Sonoma pickup and needed enough space to carry five people plus haul stuff in the back. He had been eyeing the new Vue hybrid, but when GM delayed production of that model, he chose the 2008 four-cylinder Vue (sticker price, $22,380; highway mileage, 26 mpg). Because Cormicle's dad worked for GM, he qualified for the employee discount, which knocked 10% off the sticker price. "But dealers were giving that discount to everyone," says Cormicle. "So my dealer took another $500 off the price." The final cost: $20,028.

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Breaking News: Saturn to be Spun Off from General Motors, Brand to Return to Its Roots as a Different Kind of Car Company

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Hot on the heels of Rick Wagoner's announcement yesterday evening that Saturn faces an uncertain future at General Motors, comes news that plans have already been set in motion to separate the import-fighting brand from the faltering auto giant. The resulting entity will be a new, independent car company that's able to source cars from other automakers built to Saturn's specifications.