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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.

McLaren 650S Spider joins 650S Coupe: Geneva Motor Show

The McLaren 650S Spider revealed at the Geneva Motor Show We had the reveal of the new McLaren 650S Coupe just last month, but what we didn’t get is the reveal of the Convertible version. But that’s all changed today with the arrival of the McLaren 650S Spider in Geneva with the same trick folding roof as the 12C Spider and the same cosmetic and dynamic changes as the 650S Coupe. That means open-top motoring with stunning performance – 0-62mph in 3 seconds and 124mph in 8.5 seconds thanks to the 650S’s 641bhp and 500lb/ft of torque from its updated 3.8 litre V8.

Steve McQueen Porsche 911 hammers at $1.375 million during RM Monterey auction

Setting a world record for a Porsche 911 sold at auction, Steve McQueen's 1970 Porsche 911S went to a new owner for a cool $1.375 million during RM Auctions' Monterey event on Friday. The 911 wasn't just owned by McQueen; it also featured prominently at the beginning of the film Le Mans as the lead character, played by McQueen, drives through France reflecting on the realities of racing. Hagerty's Rob Sass and I checked out the car on Wednesday night at the RM Auctions preview.