Comments on: ‘Cash for clunkers’: Buy a new car this weekend?

By: ‘guarenteed car finance’ on the web « jaqlee

‘guarenteed car finance’ on the web « jaqlee — Tue, 03 Nov 2009 05:19:10 +0000

[...] http://blogs.ajc.com/business-beat/2009/08/03/cash-for-clunkers-buy-a-new-car-this-weekend/He just tripled his MPG, helped the dealer move a car off the lot, gave his salesman a commission, paid the partial salary of the finance manager, receptionist, and service tech who put on the accessories he wanted. ….. I don’t understand your comment “What happens when the money these dealerships have been promised does not show up?”. Don’t take possession if the deal is not guarenteed and the rebate is in hand! Link; Report this comment … [...] … [...]

By: ‘guarenteed car finance’ on the web « annetew

‘guarenteed car finance’ on the web « annetew — Wed, 28 Oct 2009 19:20:32 +0000

By: Fast Monday links « Dreams are the cause of My Hangover.

Fast Monday links « Dreams are the cause of My Hangover. — Sun, 18 Oct 2009 15:42:00 +0000

[...] http://blogs.ajc.com/business-beat/2009/08/03/cash-for-clunkers-buy-a-new-car-this-weekend/He just tripled his MPG, helped the dealer move a car off the lot, gave his salesman a commission, paid the partial salary of the finance manager, receptionist, and service tech who put on the accessories he wanted. Not to mention his ad valorem … I don’t understand your comment “What happens when the money these dealerships have been promised does not show up?”. Don’t take possession if the deal is not guarenteed and the rebate is in hand! Link; Report this comment … [...]

By: Izzy

Izzy — Tue, 04 Aug 2009 16:47:06 +0000

I think this is a wonderful idea. Not only are we keeping sales people employed, car dealerships selling their vehicles, it also keeps the assembly lines working. The average Joe takes advantage of this rebate, which unlike other rebates in the past, cannot be saved in your savings account. It stimulates the economy. Didn’t the economists agree that now is the time to spend? If gas prices continue to rise, then these more fuel efficient vehicles will be more cost efficient to the average tax payer. Two thumbs up! I hope they extend the additional $2 Billion. I haven’t taken advantage of the program, but I’m glad others who can afford to, have.

By: KevinC

KevinC — Tue, 04 Aug 2009 03:44:54 +0000

How can people claim foreign cars are “made in America?” Japanese and European cars are assembled here. The average labor cost is 20-25 hrs a car. Yet the parts and a large number of hours are made overseas.The overall % of local content is very small.

Wise up Americans. We need to define the % content like Germany and Japan. Those countries have a complex set of rules, regulations and tax breaks to lock out foreign cars. And, frankly, the smart Germans/Japanese realize that buying local promotes jobs and wealth.

Why do we note just do the same?

Who knows. Right now we pay foriegn corporations via tax breaks. I want my sh0uld work.

Overall,

By: KZ

KZ — Tue, 04 Aug 2009 03:05:34 +0000

This is just another way for the administration to funnel funds to the UAW and the auto companies they now own. At taxpayer expense, of course.

By: blackbird13

blackbird13 — Tue, 04 Aug 2009 01:51:43 +0000

“The only people participating in this program are the ones who can afford to buy a new car.”

How do you know that? What if, like you, they are laid off and are stuck with the payment? Qualifying for a car loan and being able to afford a new car are two different things.

By: WDl

WDl — Mon, 03 Aug 2009 19:54:40 +0000

Like any Government-designed intervention in the free market, the C4C program has / had it’s share of holes. We traded a very tired ‘96 Explorer (V-6) for a 2010 Honda Pilot (V-6, made in Alabama) with an EPA-claimed improvement of 3 mpg. We were early C4C responders, and had already negotiated a deep discount off of sticker, and then added the $3500 Obama rebate.

The goofy part is both of these vehicles have real-world mpg values of about 20 mpg. The Pilot will be slightly cleaner at the tail pipe. The $3500 is far less than the Federal income taxes I’ve paid in 2009 to date.

In this case, C4C helped us replace an SUV with another SUV, which we use to transport five-plus. (and to assuage any ill-informed, anti-SUV bandwagon-jumping, this one happens to just be a Honda minivan with a different body) The environment won’t sense any significant difference. The dealer made a bit of money. The American assembly workers earned a paycheck. Our family saved some cash on a purchase we had to make anyway. The Washington DC machine revealed more evidence of it’s inability to function with any recognizable level of efficiency. The real losers: The deserving family that could have benefitted from our still-dependable “clunker” trade.

By: Yanamom

Yanamom — Mon, 03 Aug 2009 19:41:12 +0000

The only people participating in this program are the ones who can afford to buy a new car. So your argument about spending “YOUR” tax dollars is all wrong. Most of the people in this program are actually getting back SOME of the money THEY already paid in taxes. I would love to be able to participate and get some of MY tax money back, but since I have been unemployed for almost a year, I will not be participating. (And I thank the H1B program for my lack of work. I trained my H1B replacement, so don’t tell me I wasn’t qualified or willing to work!)

By: TC6483

TC6483 — Mon, 03 Aug 2009 19:22:02 +0000

I forgot to mention, I retired from one of the “Big 3″ last year. I drive a 2005 Jeep Grand Cherokee, and I am not trading for a smaller car, so I won’t be using that $4,500 in goverment money. Yes, I do know private enterprise, yes I am a member of a Union (UAW), and I have watched our beloved Country go down hill since I came here in 1965. And all everybody knows how to do is complain and cripe.