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Old 01-12-2003, 01:14 PM   #1
saturnfreak01
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Dizzy How Far Will Rebates Go >?

I was surfing the web this morning, to discover that my local Saturn retailer is offering the following offers.

$2000.00 off remaining 2002 S Series coupes, (10) left , AND 0% financing for 60 months, or . $ 4000.00 dollars off the total price.


What really shocked me is they are also offering the same deal on all new 2003 L Series, $ 4000.00 off the MSRP. This must mean it isn't selling well at all. but its great for consumers that are looking for a great deal.

Will the rebates/ and incentives ever end?

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Old 01-12-2003, 04:33 PM   #2
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In case you missed the other thread, the VUEs are selling well, and thus the incentives are being cut back. The zero percent financing is now only available for three years instead of five.

If I had to decide again under those circumstances, I probably would have gone for the CR-V instead of the VUE. I'm glad I got in under the wire.

Gary

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Old 01-12-2003, 09:19 PM   #3
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For a long time, there was a feeling among some Saturn enthusiasts that rebates were a bad idea because they weren't in keeping with Saturn's fixed-pricing tradition. The reality, though, is that GM didn't have much choice. If the cars aren't selling well, you've got to cut the price. Whether you do that with a rebate or with 0% financing, the effect is the same. Some folks would prefer just to see Saturn limited to the financing incentives, but the problem with that is that cash buyers are left out. Also, consumers have a harder time grasping the exact amount they're saving via a low-interest loan. On the other hand, anyone can understand what a $2000 rebate means.

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Old 01-14-2003, 03:52 PM   #4
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All Saturn vehicles are not selling well, if you look at Saturn Corp financials with Duns and Bradstreet you will see that the Saturn wing of GM has taken heavy loses in the past year. Although this is true of a lot of companies due to the recession in the past year, GM has to give incentive to induce purchases for the Saturn line.

It's a fact of life.

Ed
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Old 01-15-2003, 09:42 AM   #5
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Quote:
Originally posted by gaf3
In case you missed the other thread, the VUEs are selling well, and thus the incentives are being cut back. The zero percent financing is now only available for three years instead of five.

If I had to decide again under those circumstances, I probably would have gone for the CR-V instead of the VUE. I'm glad I got in under the wire.

Gary
Sounds like you bought a payment and not a vehicle. Hope you enjoy you payment in 3 years. If you truly liked the CRV and bought the VUE only because of the 0% then you made a VERY poor choice and don't understand what Saturn stands for. Good luck!

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Old 01-15-2003, 02:11 PM   #6
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To EdChan,

I thought it was funny that your site only has a few complaints LOL

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"World domination? You guys couldn't take over a damn bowl of Jell-O."

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Old 01-15-2003, 03:12 PM   #7
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As long as my SL2 keeps running well, no rebates or dealer incentives can match not having any car payments! With over 141,000 miles, my car is still going strong, so that's like money in the bank to me! I might as well get everything I can out of this car before I replace it.

...
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Old 01-15-2003, 06:29 PM   #8
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Quote:
Originally posted by janastos
Sounds like you bought a payment and not a vehicle. Hope you enjoy you payment in 3 years. If you truly liked the CRV and bought the VUE only because of the 0% then you made a VERY poor choice and don't understand what Saturn stands for. Good luck!
No, it's more complicated than that. I certainly didn't buy the VUE only because of the 0%.

Rather, I converted the 0% over five years into a discount by computing the total after-tax interest on four CDs/Treasuries set to mature at the 1, 2, 3, and 4 year marks. I deducted this from the cost of the VUE, and used that as my price comparison against the CR-V.

Gary

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Old 01-15-2003, 07:08 PM   #9
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I bought a VUE because I wanted one. I didn't have anything like a rebate or 0% financing that lured me in.

(There is no way in aych eeee hockey-stick hockey-stick that I would ever qualify for 0% anyway believe me, you guys do NOT want to know what my int rate is )

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