December 29, 2009 · 11:08 am

Expensive at any price?

GM, trying to rid itself of its leftover and now-discontinued Saturn and Pontiac lines, is slashing prices to dealers so buyers can get one for 46% of sticker price. You’d save money, but still end up with a Pontiac, which seems like a lousy deal to me.

5 Comments

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5 Responses to Expensive at any price?

  1. KC
    December 29, 2009 at 11:21 am

    I’m not currently in the market so I’m not that interested but if I were, they would have to answer alot of questions about warranties, parts, etc. Resale value is anyone’s guess and you know there won’t be much enthusiasm about supporting the brands. I started this comment with the idea that I might consider it but I think I’ve talked myself out of it. I’ll bet some folks will jump at it though.

  2. Anonymous
    December 29, 2009 at 11:28 am

    Cars with dubious safety have negative value

  3. christopherfountain
    December 29, 2009 at 11:52 am

    From what I’ve read, GM (that would us, the taxpayers) will honor warranties on Saabs, Saturns and Pontiacs for some time. But what’s “some time” and, as you point out, when you go to sell one of these, I’d bet the resale value is going to be about zilch. Still, assuming you saw it as an upfront, fully-depreciable car with just scrap value at the end, it might make sense. It might.

  4. KC
    December 29, 2009 at 12:03 pm

    Parts are what really worry me. I had a friend try to fix his dad’s old, but not that old, Mercury. He started at the dealer, moved on to after market and finally found his part from company that specializes in pulling parts from a network of junkyards. I have to think Saab parts for the newer models will be tough to find after a two or three years.

  5. Old Coot
    December 29, 2009 at 1:58 pm

    Only if that Pontiac happened to be a GTO from the mid to late 60′s.