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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.

BMW works hard to avoid gas-guzzler tax

BMW AG hopes to get out from under the gas-guzzler taxes that are tacked on to the sticker prices of some of its high-performance models in the United States. Jim O'Donnell, president of BMW of North America, says the company is studying fuel-efficiency improvements that could eliminate the gas-guzzler taxes on its vehicles as early as the launch of their redesigns in the next few years. The 2010 550i GT incurs a $1,000 gas-guzzler fee, for example.

Tesla Model S EV the best-selling car in Norway

Tesla Model S EV (pictured) is the best-selling car in Norway We’ve already seen that the Tesla Model S electric car is out-performing many luxury cars in the US, and with reviews of the Tesla S finding very little not to like it seems strong Tesla S sales are a trend that will continue. But it’s one thing taking on low-selling, high-end cars, and quite another becoming the best-selling car bar none in a given market, but that’s exactly what Tesla has achieved in Norway in the first few weeks of September. Admittedly, Norway’s car market isn’t huge, but the Tesla Model S managed to move in to buyers hands in Norway in the first two weeks of September at a quicker rate than even the regular VW Golf, selling 322 compared to the Golf’s 256.