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Old 08-11-2009, 12:06 PM
 
Location: Earth
4,219 posts, read 14,338,829 times
Reputation: 2098

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Was watching the news today.....a local dealer has been moving cars big time since CFC came out. Before then he had a whole lot of cars that were not selling, now he's down to 65.
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Old 08-11-2009, 12:11 PM
 
Location: Eastern Washington
9,382 posts, read 28,092,056 times
Reputation: 5580
It has incentivized a certain group of drivers - ones with qualifying "clunkers" that they thought were worth less than $3500 or $4500 to get "off the fence" and go ahead and buy, now.

The flip side is that I seriously doubt the dealers will be seeing these same smiling faces for a *long* time in terms of buying new again.

Sort of like shaking a fruit tree - you get more fruit NOW, but in the long term, you don't get any more fruit than was there to begin with.
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Old 08-11-2009, 12:21 PM
 
Location: Earth
4,219 posts, read 14,338,829 times
Reputation: 2098
They say this is not only supposed to get fuel consumers off the road but also boost new car sales. The only thing I'm wondering is if we're going to be back to square 1 in a few years?

I mean we are in a recession, new car sales were slow....until now...and I can only hope that all these people who were driving clunkers for a reason, can afford these new car payments...otherwise we'll be seeing these cars they just traded their so-called clunkers in for, back on the lot again shortly....

At best with this program I see fewer gas guzzlers on the road.....
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Old 08-11-2009, 01:15 PM
 
Location: San Bruno, CA
5,763 posts, read 8,676,788 times
Reputation: 3566
Credit is a lot tighter than it used to be so the chances of people who cannot financially support a loan being approved for one are far less.
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Old 08-11-2009, 01:24 PM
 
Location: Purgatory (A.K.A. Dallas, Texas)
5,010 posts, read 9,354,801 times
Reputation: 2292
Silly man. Don't you all know this is failed program by a corrupt Chicago politician that benefits no one and will help bring about the total collapse of the American economy?
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Old 08-11-2009, 01:27 PM
 
Location: San Bruno, CA
5,763 posts, read 8,676,788 times
Reputation: 3566
Quote:
Originally Posted by getmeoutofhere View Post
Silly man. Don't you all know this is failed program by a corrupt Chicago politician that benefits no one and will help bring about the total collapse of the American economy?
lol.
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Old 08-11-2009, 01:34 PM
 
Location: Oakland, CA
3,004 posts, read 4,064,626 times
Reputation: 2222
Quote:
Originally Posted by iTsLiKeAnEgG View Post
lol.
I second that. lol
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Old 08-11-2009, 01:56 PM
 
Location: Just East of the Southern Portion of the Western Part of PA
1,115 posts, read 2,332,956 times
Reputation: 1139
I would agree that the plan has been POPULAR, but this doesn't mean that it has been a SUCCESS. Give just about anything away to the American public and they will line up for it in droves.

Pull tax money out of everyone's pockets and use it to subsidize something that only benefits a select group? Great plan!

Save fossil fuel? Please - what is the actual percentage of cars on the road that we are talking about here? How many more miles (and gallons of fuel burned) will all of those people drive now that they have a new car? How much energy does it take to dispose of all those "clunkers" that still have value?

The environment sees no benefits, the auto industry sees a minor blip on thier sales charts, and the American taxpayers foot yet another bill for a bailout. AWESOME SUCCESS! No conspiracy here - just flawed econonmic and environmental thinking.

Last edited by Johnny C; 08-11-2009 at 02:17 PM..
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Old 08-11-2009, 01:58 PM
 
Location: Apple Valley Calif
7,475 posts, read 13,943,558 times
Reputation: 5348
Quote:
Originally Posted by getmeoutofhere View Post
Silly man. Don't you all know this is failed program by a corrupt Chicago politician that benefits no one and will help bring about the total collapse of the American economy?
I know you are trying to be cute, but you are absolutely correct. It is a failed program by a socialist Chicago thug....
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Old 08-11-2009, 02:09 PM
 
Location: Purgatory (A.K.A. Dallas, Texas)
5,010 posts, read 9,354,801 times
Reputation: 2292
Quote:
Originally Posted by Donn2390 View Post
I know you are trying to be cute, but you are absolutely correct. It is a failed program by a socialist Chicago thug....

I think the fact that you agree with such an extreme statement is the most telling thing of all.
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