Cash for Clunkers...

And you seriously want the Feds running healthcare??

LeaseTrader wrote:

David Wilson, a Toyota dealer in Orange County, Calif., said he has been paid for only three of the 92 claims he submitted before Aug.2, leaving him holding the bag for about $374,000.


Altogether, he has 450 unpaid claims filed for a total of $1.9 million.

LINK

this is just another government handout for the auto industry and those folks in a position to buy a new car while the rest of us get to pay for it. One HUGE flaw with this program was the fact that they did not offer it only for AMERICAN MADE CARS.

LukeTHr wrote:

One HUGE flaw with this program was the fact that they did not offer it only for AMERICAN MADE CARS.

True. Not that we would have gone for a BRAND new car, but we're in a position to replace both of our vehicles with Newer cars in the near future, which are one and two years too NEW for the clunkers program. They're also creating quite a problem down the road for used car dealers and repairmen.

dz724 wrote:

LukeTHr wrote:

One HUGE flaw with this program was the fact that they did not offer it only for AMERICAN MADE CARS.

True. Not that we would have gone for a BRAND new car, but we're in a position to replace both of our vehicles with Newer cars in the near future, which are one and two years too NEW for the clunkers program. They're also creating quite a problem down the road for used car dealers and repairmen.

Not too mention the auto parts stores who survive on those of us who drive older cars and trucks

.One Man's View

What's going to happen when people buy these new cars and then decide that can't pay for them. Sounds to me like this is going to turn into a endless circle making the economy worse.

Degeneration X wrote:

What's going to happen when people buy these new cars and then decide that can't pay for them. Sounds to me like this is going to turn into a endless circle making the economy worse.

Housing Crisis part deux...

It may not be the payments that get them. More likely the insurance and taxes/tags.

Degeneration X wrote:

What's going to happen when people buy these new cars and then decide that can't pay for them. Sounds to me like this is going to turn into a endless circle making the economy worse.

the cars will be run through auction houses and resold for a profit