Pontiac, Saturn: Cars on Clearance: Up to 46% Off
Saturn and Pontiac cars are on deep discount as GM divests itself of now-defunct brands. For you, the consumer, this means discounts of up to 46% off the original sticker price. In other words, a new car for nearly half off. That's like a Best Buy doorbuster, only for a car. This is because GM is offering Dealers up to $7000 for every Saturn or Pontiac that they move to rental- or service vehicle status (in other words, for each Saturn or Pontiac car that dealers sell to themselves).
So, on paper, you'd be buying a used car, but, in real life, that car will have never moved from its current spot in the car lot. Meanwhile, existing warranties on these vehicles will still be honored by GM, even though Pontiac and Saturn have... gone to a better place. The Saturn/Pontiac "used car" deal lasts until January 4, 2010.
The unusual tactic could inflate the car maker's December sales and cut the cost to car buyers by as much as 46% off the sticker price.
According to Ward's Auto Reports, 14,500 new Saturns and Pontiacs filled dealerships at the beginning of December – about two or three months worth of inventory.
In what is equivalent to a year-end fire sale, GM sent letters to dealers Dec. 23 saying it would pay them $7,000 for every new Saturn or Pontiac on their lot that is moved to rental-vehicle or service-vehicle fleets operated by the dealers.
(I'm not affiliated with GM or any auto dealer... I actually hate car lots, though any Pontiac made pre-1975 is alright with me)