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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.

Volvo XC60 gets R-Design package

The Volvo XC60 is the next in line to get the R-Design treatment, and it will debut in September at the Frankfurt auto show. The R-Design brings sporty looks to the XC60 with a vamped-up style, a specially tuned sports chassis and a more direct steering gear ratio. The exterior resembles R-Design features on the C30, the S40, the V50 and the XC90.

Cadillac CTS-V Coupe confirmed

The Cadillac CTS-V Coupe will launch at the Detroit Motor Show 2010 There’s been a fair bit of news on Cadillac’s performance halo car the CTS-V of late. We had Bob Lutz taking on all comers at the Monticello Race Track in New York for the CTS-V Challenge (which turned in to a one-make competition) and the ubiquitous Mt Lutz confirming that Cadillac will be making a CTS-V Wagon (Estate, to us). And now comes confirmation of the CTS-V Coupe.