$4 clunkers is total consumer fraud

Discussion in 'General Discussion' started by strollingbones, Aug 8, 2009.

  1. strollingbones
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    strollingbones Diamond Member

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    Even dealers, however, acknowledge that some buyers sped up their timetable to take advantage of the generous government rebate. What remains to be seen is how long the clunkers-powered sales surge lasts and how it affects car sales later this year.

    ............

    It was estimated that the original $1 billion would stimulate purchases of 250,000 new vehicles over four months by subsidizing trade-ins of older vehicles. But consumers, Anwyl says, would normally trade in about 200,000 "clunkers" during that same time, even at the industry’s sluggish pace of late.

    In that scenario, the $1 billion stimulus is generating sales of about 50,000 additional vehicles, Anwyl says, amounting to a $20,000 subsidy per sale.

    Consumers who choose to wait and buy a new car in a few months will likely pay higher prices. As inventories of vehicles are sold off, they will be replaced with higher-priced new models and probably carry fewer manufacturer incentives.

    ...........

    "If you’re not participating in the program, you’re paying for it."

    Cash for clunkers: Good deal or a lemon? | Top Stories | Star-Telegram.com

    the ones of us not participating...you know ...the ones that had the sense to buy good gas mileage cars to begin with...are paying for idiots...total idiots who purchased big ass suv's or man trucks....now the used car market and used parts market is taking a hit..that will be passed on to consumers like me..who use salvage yards for car parts or who buy only "pre owned" cars...smart people are triple dipping...the rebate, the sales tax incentive and then if they purchased a hybrid they get a tax credit...

    what will this 3 billion dollar program result in ...5 years down the road...this money should have been used to develop an affordable hybrid or high milage gas engine...

    obama has made this mistake...he has put a lot of money in a program that will result in nothing 5 years down the road....the cars will be what...clunkers...

    all this program did was allow dealers to clear their inventories....that is all....and cost the taxpayers a damned lot of money....
     
  2. editec
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    editec Mr. Forgot-it-All

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    Your complaints about this program probably have merit.

    But consider the merits of the program, too:

    Before those clunkers would have gone back on the road;

    The stimulation of the auto industry was needed and this defintiely did stimulate auto sales. This helps dealers and manufacturers and anyone involved int he auto industry (hence the economy overall)

    250,000 People are now driving cars getting mileage that is 10 MPB or better..that's a huge savings in gas.

    A lot of people who could NOT have puchased a decent car could.
     
    Last edited: Aug 8, 2009
  3. WillowTree
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    WillowTree Diamond Member

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    as somebody pointed out on the tube yesterday,, people who cannot afford a new car are snarfing up the government money and buying a car anyway,, your idiots are creating another "bubble" first it was housing now it is "cars" in a years time congress will be in a dither about "saving peoples cars"









    :lol::lol::lol::lol::lol::lol::lol: idiots
     
  4. strollingbones
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    strollingbones Diamond Member

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    how did ford survive...by doing what was needed sell new cars...

    the others just took the hand out...
     
  5. strollingbones
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    strollingbones Diamond Member

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    yea what does this 3 billion mean 5 years out?
     
  6. editec
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    editec Mr. Forgot-it-All

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    That there will be a "5 years out" among other things, Stroll.
     
  7. strollingbones
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    strollingbones Diamond Member

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    ed there would be a 5 years out ....with or without this...how can you disagree that this money should have been invested in truly benefital areas...we can not do ad hoc government forever....
     
  8. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    It might be as little as 6 months, but one year might be a good yardstick. We will start hearing stories about how unscrupulous car dealers took advantage of poor people by selling them a car they really couldn't afford ($4500 clunker rebate covered the "off the lot depreciation") and charged them excessive interest rates. These "victims" will need another government program so that they don't lose their car to the repo man.
     
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  9. Jon
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    Jon The CPA

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    Wrong, wrong, and wrong.

    You can still buy SUV's and trucks getting less mileage than the 18 required for trade-ins. If you are trading in for an SUV or truck, it only has to get 4 mpg more than what you traded in.

    I personally traded in an old Blazer for a Nissan Altima. Thank you Obama for giving me money for something that was worthless, when I was going to buy the Altima soon anyway. It's nice to know that you understand economics and business so little that you support paying people for things that have no value, but it was expected, since you are going to give handouts to people who won't work for them.
     
  10. strollingbones
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    strollingbones Diamond Member

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    i could trade in my old blazer...but then i would have car payments..and has anyone considered the insurance and tax increases on the purchase of a new car...you still got to tag it and pay taxes on it...no its total bullshit...why am i...as a taxpayer...paying for js's new car....


    you could at least take us all for a ride there js
     

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