By David Thomas on December 19, 2011
As the automotive industry digests the news that embattled Swedish automaker Saab filed for bankruptcy liquidation this morning, current Saab owners and prospective buyers likely have serious questions.
Saab is seeking a true liquidation, meaning there will be no future buyers, and Saab will no longer make new cars. GM sold Saab in 2010 to an independent firm in Sweden. At the time, GM said it would honor any Saab warranty because the cars were still built with GM technology and parts.
A Saab representative told us there are no details at this time about future warranties and who will honor them.
New Saabs on dealer lots will likely lose value as you read this story. Right now there are 1,659 Saab models in Cars.com’s new-car inventory.
We expect shoppers will be able to get a good deal on a new Saab even with low advertised incentives. Saab currently is only offering financing deals of 1.9% APR for 72 months on its lineup through Jan. 3. The reality at the dealership may be much different.
However, buying one of these last Saabs poses significant risks:
Managing Editor David Thomas has a thing for wagons and owns a 2010 Subaru Outback and a 2005 Volkswagen Passat wagon. Email David