KBB: Used Saabs offer great value

May 14, 2012 12:00 AM

It's not often that Kelley Blue Book comes out in favor of a certain brand, but the used car pricing guide recently pointed out that used Saabs offer excellent value to those considering a pre-owned vehicle.

Saab filed for bankruptcy this year, and any time that happens, the value of the company's car goes down. With used car prices on the rise for just about every other brand, Saabs are one car that bargain hunters can appreciate.

Since the beginning of 2011, the 2010 Saab 9-3 has lost approximately $5,000 in total value, and now retails for about $14,250. Just two years ago, the 9-3 was a luxury car that many people considered on par with BMWs and Mercedes-Benz. Now, the model is selling for approximately the same price as a 2009 Kia Armanti, according to KBB.

One drawback to buying a used Saab is the lack of a warranty. Many used cars are certified by the manufacturer, and this means drivers can ensure that their regular vehicle maintenance is paid for. With Saab in bankruptcy, customers will have to go to a third party or pay those costs out of pocket. However, General Motors has announced it will honor the warranty on all Saabs made before 2009, when the company was owned by GM, so that may still be an option for consumers.

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