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Smart's $99 loan deal has big balloon payment at end

Hoping to benefit from the federal cash-for-guzzlers program, Smart USA has set up a $99 monthly payment for buyers who use their $4,500 rebate. But there's a catch--and a hefty balloon payment disclosed only as a note to an asterisk in Smart's press information announcing the offer. The Smart financing is for $99 a month for 36 months, with a balloon payment of $6,667 due at the end.

Goodwood Festival of Speed gets a Phantom Coupe

Tom Purves of Rolls Royce handing over a Phantom Coupe to Lord March for the Goodwood Festival of Speed [ad#ad-1] We brought you news of the launch details for the 2009 Goodwood Festival of Speed last week, and today it has been announced that Rolls Royce has lent the Goodwood Festival of Speed a Rolls Royce Phantom Coupe as the official Course Car for this year. Now a Phantom Coupe is not the first car you would think of as a course car. Bit too expensive and not exactly capable of massive feats of performance (although it is, at least intil the Silver Ghost arrives, the most ‘Sporty’ of the Rolls Royce models), but it fits the Goodwood event perfectly.

GM's Henderson: Corvette's future is secure

The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs. In an exclusive interview with AutoWeek, Henderson says that not only is the Corvette's current platform undergoing continual development, but the future seventh-generation car, dubbed the C7, also is on track. He would not specify when the C7 Vette would hit showrooms.