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Did Obama announce the end of used cars?
By Juan Paxety on June 2nd, 2009
In his speech about the GM bankruptcy yesterday, President Barack Obama (from the New York Times) said:
And thats why Im calling on Congress to pass fleet modernization legislation that can provide a credit to consumers who turn in old cars and purchase cleaner, more fuel-efficient cars. (emphasis added)
Turn in old cars. Its long been a talking point of liberals and environmentalists that cars older than a given age should be removed from the highways. The usual mantra goes The government should buy all cars older than X and pay the owner $750. Then the owner could go out and buy a newer, cleaner, more efficient car. The advocates for this position either fail or refuse to understand that the owners will not be able to find a car to buy with their $750. Basic economics.
President Obama used the words turn in not trade in. He will give folks a credit - I suppose that means an income tax credit - for doing this. This sounds like the used cars will go to the government and be removed from the market. No more used cars. You either buy an expensive putt-putt new car, or you go without. It appears that hes set out to destroy the used car market.
Sounds like the new CEO of GM is saying no more 'trade-ins':
Did Obama announce the end of used cars?
Links at site:
Did Obama announce the end of used cars?
By Juan Paxety on June 2nd, 2009
In his speech about the GM bankruptcy yesterday, President Barack Obama (from the New York Times) said:
And thats why Im calling on Congress to pass fleet modernization legislation that can provide a credit to consumers who turn in old cars and purchase cleaner, more fuel-efficient cars. (emphasis added)
Turn in old cars. Its long been a talking point of liberals and environmentalists that cars older than a given age should be removed from the highways. The usual mantra goes The government should buy all cars older than X and pay the owner $750. Then the owner could go out and buy a newer, cleaner, more efficient car. The advocates for this position either fail or refuse to understand that the owners will not be able to find a car to buy with their $750. Basic economics.
President Obama used the words turn in not trade in. He will give folks a credit - I suppose that means an income tax credit - for doing this. This sounds like the used cars will go to the government and be removed from the market. No more used cars. You either buy an expensive putt-putt new car, or you go without. It appears that hes set out to destroy the used car market.
Sounds like the new CEO of GM is saying no more 'trade-ins':
Did Obama announce the end of used cars?
Links at site:
Did Obama announce the end of used cars?
By Juan Paxety on June 2nd, 2009
In his speech about the GM bankruptcy yesterday, President Barack Obama (from the New York Times) said:
And thats why Im calling on Congress to pass fleet modernization legislation that can provide a credit to consumers who turn in old cars and purchase cleaner, more fuel-efficient cars. (emphasis added)
Turn in old cars. Its long been a talking point of liberals and environmentalists that cars older than a given age should be removed from the highways. The usual mantra goes The government should buy all cars older than X and pay the owner $750. Then the owner could go out and buy a newer, cleaner, more efficient car. The advocates for this position either fail or refuse to understand that the owners will not be able to find a car to buy with their $750. Basic economics.
President Obama used the words turn in not trade in. He will give folks a credit - I suppose that means an income tax credit - for doing this. This sounds like the used cars will go to the government and be removed from the market. No more used cars. You either buy an expensive putt-putt new car, or you go without. It appears that hes set out to destroy the used car market.
great,, after he's done with his Cluster *F* he's gonna give us 750$ credit..
Sounds like the new CEO of GM is saying no more 'trade-ins':
Did Obama announce the end of used cars?
Links at site:
Did Obama announce the end of used cars?
By Juan Paxety on June 2nd, 2009
In his speech about the GM bankruptcy yesterday, President Barack Obama (from the New York Times) said:
And thats why Im calling on Congress to pass fleet modernization legislation that can provide a credit to consumers who turn in old cars and purchase cleaner, more fuel-efficient cars. (emphasis added)
Turn in old cars. Its long been a talking point of liberals and environmentalists that cars older than a given age should be removed from the highways. The usual mantra goes The government should buy all cars older than X and pay the owner $750. Then the owner could go out and buy a newer, cleaner, more efficient car. The advocates for this position either fail or refuse to understand that the owners will not be able to find a car to buy with their $750. Basic economics.
President Obama used the words turn in not trade in. He will give folks a credit - I suppose that means an income tax credit - for doing this. This sounds like the used cars will go to the government and be removed from the market. No more used cars. You either buy an expensive putt-putt new car, or you go without. It appears that hes set out to destroy the used car market.
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
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.
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.
As I have always said, environuts don't care about the environment, they care about a few failing corporations.
He's doing because he's an authoritarian thug, and there's not one entire nut in the collectivized "opposition", let alone a pair of them.Obama offering a $750 tax "credit" to people is an insult. He's doing it though to bring down pollution levels.
Hmm, wonder what the 'carbon footprint' is on making a new car?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.
You mean a kid entitled to college is not also entitled to a car? What kind of hater are you?
Oh, the worst kind. She pays her share of the car insurance on our cars that she uses and pays for her own gas. We've offered her my husband's car, but she has to buy it. Well below what we could get for it if we sold it privately but . . . no handouts here! 
Senate Poised to Pass 'Cash for Clunkers' Bill
Sens. Debbie Stabenow, D-Mich., and Sam Brownback, R-Kan., introduced an amendment Tuesday that would set up a program that allows consumers with older, less fuel efficient vehicles to trade in their "clunker" for a voucher worth up to $4,500 toward the purchase of a new car.
