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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.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

U-Haul adds green rides to car-share program

U-Haul has made moving simpler for many Americans, and its car-sharing program is cutting rates and adding more environmentally friendly rides in an effort to win over consumers. Called U Car Share, the program is adding the Toyota Prius, the Ford Focus, the Toyota Yaris, the Mini Cooper and the Ford Escape hybrid to its fleet. The registration fee is being slashed from $50 to $25, and members of other car-sharing organizations can have the member fee waived.