Good Bye Used Cars?

Discussion in 'Current Events' started by Annie, Jun 2, 2009.

  1. Annie
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    Annie Diamond Member

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    Sounds like the new CEO of GM is saying no more 'trade-ins':

    Did Obama announce the end of used cars?

    Links at site:

     
  2. WillowTree
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    WillowTree Diamond Member

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    great,, after he's done with his Cluster *F* he's gonna give us 750$ credit..
     
  3. Fraulein Hilda
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    Fraulein Hilda BANNED

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    I guess the statists want to build on their successes managing the housing market by managing the automobile market.
     
  4. Fraulein Hilda
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    Fraulein Hilda BANNED

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    And his drones will be dismayed that you won't thank him for this loaf of bread.
     
  5. dilloduck
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    dilloduck Diamond Member

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    No obama--you may not buy my truck for $750--what an idiot
     
  6. strollingbones
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    strollingbones Diamond Member

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    hmmm what are they calling fuel eff. my old subbie gets 28 mpg or so...why would i want to trade for something getting 30 mpg...they are gonna have to make it more efficent
     
  7. auditor0007
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    auditor0007 Gold Member

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    That won't happen. Doing so would only make people hold on to their cars even longer, which would lead to a downturn in new car sales.
     
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  8. KittenKoder
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    KittenKoder Senior Member

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    My best friend (from almost 10 years ago) had a little blue Datson ... we ran it with almost 60 mpg ... and it was falling apart. He kept it together with toggle switches, bailing wire, and duct tape. LOL .... but that care ruled.
     
  9. DavidS
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    DavidS Anti-Tea Party Member

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    As someone who spent a great deal of time in the car business, if you offered many proud Americans $750 for their 20-year old beat piece of shit, they would get offended and walk out on you.

    Instead what you do is one of two things:

    If you have some gross to play around with in the car you're selling them, say $2000 worth of gross, you take $1250 and apply it towards their trade-in. Here, Mr. Customer. We'll give you $2000 for your trade-in and I'll take $500 off of my price. You still make $250 gross, plus you try to hit them with a nice hard interest rate because they'll eat shit out of your hands if they have to in order to get $2000 for their car. So, we make a little bit of money on the front end, a little bit of money on the back end, the customer is happy and we're done for the day.

    Obama offering a $750 tax "credit" to people is an insult. He's doing it though to bring down pollution levels.
     
  10. KittenKoder
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    KittenKoder Senior Member

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    As I have always said, environuts don't care about the environment, they care about a few failing corporations.
     

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