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People who don't necessarily need the help, but would like a new car, just got another freebie subsidized by their fellow taxpayers.
Many people who had no car payment suddenly have a car payment in a time of rising employment and decreasing job security.
The biggest gas-guzzling clunkers of all are still on the road, because these people have no money-- and can't qualify for a loan-- to buy anything else.
Cars that are comparatively fuel-efficient and could have been used by someone in need (who would have been happy to have them) are destroyed and their destruction portrayed as an eco-friendly initiative.
Less supply = higher used car prices. Less used cars = less salvageable parts = higher cost for car repairs (consumers must buy new parts versus recycled). Higher prices = bigger strain on consumers’ already-stressed budgets.
Car dealers and financial companies are extending themselves, based on the promise of repayment by the government-- whose website can't accommodate the traffic or efficiently process the paperwork-- and consumers struggling through a deep recession.
Hmmm... sounds suspiciously like couponing. Perceived "great deal" coupons get people rushing to buy products they don't need and wouldn't have bought if they weren't saving so much spending so much they don't have.
Claiming it was broke in only 4 days is wrong and misleading. The funding for cash for clunkers was retroactive back to July 1. While the funding didn't last as long as anticipated it did last longer than those, who were against extending the program, tried to make people believe.
??
How many days from the day you could take delivery of your vehicle to the day the program was first pronounce to be out of funds?
People who don't necessarily need the help, but would like a new car, just got another freebie subsidized by their fellow taxpayers.
Many people who had no car payment suddenly have a car payment in a time of rising employment and decreasing job security.
The biggest gas-guzzling clunkers of all are still on the road, because these people have no money-- and can't qualify for a loan-- to buy anything else.
Cars that are comparatively fuel-efficient and could have been used by someone in need (who would have been happy to have them) are destroyed and their destruction portrayed as an eco-friendly initiative.
Less supply = higher used car prices. Less used cars = less salvageable parts = higher cost for car repairs (consumers must buy new parts versus recycled). Higher prices = bigger strain on consumers’ already-stressed budgets.
Car dealers and financial companies are extending themselves, based on the promise of repayment by the government-- whose website can't accommodate the traffic or efficiently process the paperwork-- and consumers struggling through a deep recession.
Hmmm... sounds suspiciously like couponing. Perceived "great deal" coupons get people rushing to buy products they don't need and wouldn't have bought if they weren't saving so much spending so much they don't have.
that about sums it up. the average debt taken on to purchase a new car is 400 dollars a month, which is 400 dollars a month taken out of the system for other purchases.
As of the end of the business day on Monday, August 17, dealers had submitted 390,283 vouchers with a total worth of $1.63 billion.
Did I read or hear somewhere that the junked/compacted shells of cars are going overseas or did I dream that?
actually, i don't think much of them have gone anywhere yet. here is the policy:
after your new-car purchase, the dealer is obligated to drain your old car’s oil and replace it with a sodium silicate solution, also known as liquid glass. The silicate is causes the engine’s parts to freeze and ensures it never cruises the highway again. Then the dealer writes the cruel words, “junk vehicle, cars.gov” on the car’s title.
The dealer has seven days after receiving government reimbursement before the car has to be sent to its next stop on the retirement road trip – the certified disposal facility (CDF). Most dealers will shop around, searching for the CDF willing to offer the best price for your clunker, whether it’s a scrap processor, auto recycler, or salvage auction.
Yet clunkers are unknown entities for the CDFs, according to Michael Wilson, executive vice president of the Automotive Recyclers Association. They have to invest $700 to $1,200 to remove a car’s fluids, mercury switches, and Freon, and after that, they’re not sure what kind of return they might be able to get. In ordinary times, the drivetrain and engine block account for about 60 percent of the salable parts, but the CARS program renders the engine useless and limits the terms under which the drivetrain can be sold.
At this point, the clunker has two options. If it’s a newer model, it will usually go to a full-service, professional parts dismantler where it will be instantly stripped of the 20 to 40 most commonly reused parts. If it’s an older model, it will sit at a self-service parts recycler, where individuals will pick a needed piece here and there.
But either way, the CARS program mandates that clunkers be crushed or shredded within 180 days, whether all usable parts have been salvaged or not. In contrast, nonclunkers might remain at a professional parts dismantler for 36 months.
a lot of dealers have not been paid yet, so have not released the cars to anyone.
You guys are too funny. You do realize this gov't program actually worked, right? It's goal was to sell cars and it sold almost 400,000 of them. Enough apparently for the big 3 to increase production and for at least GM, to add shifts and workers. Given that cars and houses are huge drivers to the economy thats not a bad thing. If anything perhaps they should have made this program part of the stimulus package instead of some of the goofey stuff they shoved in there that will never produce a job.
i hope you realize that it is just another layer of debt that the government has saddled the taxpayers with.....
let's keep piling debt on to see how much we can amass before other countries pull the plug on us! DUH~
by the way, the latest Department of Transportation statistics, released last week, show that American cars represented a total of 42 percent of vehicles purchased under the $3 billion U.S. government-funded program. would it have been to much to ask for an american only provision when americans are going to be paying the price?
Last edited by floridasandy; 08-20-2009 at 11:25 PM..
You guys are too funny. You do realize this gov't program actually worked, right? It's goal was to sell cars and it sold almost 400,000 of them. Enough apparently for the big 3 to increase production and for at least GM, to add shifts and workers. Given that cars and houses are huge drivers to the economy thats not a bad thing. If anything perhaps they should have made this program part of the stimulus package instead of some of the goofey stuff they shoved in there that will never produce a job.
They sold cars this month that would have been sold over the next 6 months. The program ends 8/24 by 9/1 you'll be able to have a demo derby, to crush clunkers, in any dealership in the country. The dealers can sell tickets to pay bills while they wait for the government to process paperwork and send checks for the cars that are being wrecked.
i hope you realize that it is just another layer of debt that the government has saddled the taxpayers with.....
let's keep piling debt on to see how much we can amass before other countries pull the plug on us! DUH~
As usual due to your perpetual state of darkness you miss the obvious. If you generate 10billion in economic activity for 4 billion thats not bad. You do realize that gov't spending to juice the economy is nothing new, right? Agreed we've spent too much, but lets give credit were credit is due. This program actually worked as opposed to many of the others.
by the way, the latest Department of Transportation statistics, released last week, show that American cars represented a total of 42 percent of vehicles purchased under the $3 billion U.S. government-funded program. would it have been to much to ask for an american only provision when americans are going to be paying the price?
Who cares? Do you know how many americans build those non american cars? Or how many of those American cars are sporting parts, etc from out of the country. It's a big world, wake up.
You guys are too funny. You do realize this gov't program actually worked, right? It's goal was to sell cars and it sold almost 400,000 of them. Enough apparently for the big 3 to increase production and for at least GM, to add shifts and workers. Given that cars and houses are huge drivers to the economy thats not a bad thing. If anything perhaps they should have made this program part of the stimulus package instead of some of the goofey stuff they shoved in there that will never produce a job.
Yeah, the program worked alright....
It has caused many used car dealers to go out of business.
It has hurt mechanics trying to support their families.
It has destroyed tons of low mileage, good condition vehicles that had lots of life left on them.
It will really hurt poor people like myself by driving used car prices up because the supply has dwindled on the wonderful program.
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