Consumer: Saab bankruptcy and goodbye ATM fees

December 19, 2011

Saab is headed for liquidation and while its bankruptcy could mean lower prices on both new and used Saabs, owning one of these vehicles could mean trouble. If you're planning to sell your Saab, good luck. The cars have already lost value.

In fact, dealers have been offering rebates of up to $10,000 from the manufacturer.

Prices for used Saabs have been down six percent since January.

A Kelley Blue Book spokesperson says demand for used Saabs will start to drop off up to three percent immediately.

As the resale value of Saab declines, any insurance compensation you get after a wreck will also go down.

And now moving forward, spare parts may be less available.

In other news, if you're sick of paying fees for using ATMs that don't belong to your bank, there's a new option.

Starting next year, a new company wants to help you avoid those fees.

The trade-off is you have to watch a commercial about 15 to 20 seconds long while you wait for your transaction.

The company called Free ATMS NYC says it will not lengthen the time it takes to process your transaction.

The first fee-free ATM is being tested in Brooklyn and the company hopes to launch several thousand more throughout the country.

However, while you won't have to pay a fee to an outside bank or vendor, your bank may still charge you.

Last but not least, are you still on the hunt for that perfect holiday gift?

Action News has found a new website that offers Facebook fans discounts on this season's hot shoes.

It's called LoveBeLoved and if you "like" the company on Facebook, you'll get $20 off your first purchase.

After that, if you click the "share" button of something else you want to buy, you'll get an additional Facebook friend discount.

Membership is free and LoveBeLoved says Facebook friends save an average of $50 per shoe.

Copyright © 2021 WPVI-TV. All Rights Reserved.