Public Service Announcement - Cash For Clunker's Ends Monday

[cbartlett419]

man..... I should become a repo man. 6 months from now.... business is gonna be boooooom'n

[Randimus Maximus]

man..... I should become a repo man. 6 months from now.... business is gonna be boooooom'n

I disagree.

A lot of the clunkers coming in are from customers with very good credit and lot's of money down.  You know, the customers who keep their cars forever.  (Yes, I realize I may be contradicting myself from the leasing thread). 

They are also smart enough to grab some free gubmint cash while the gettin' is good.

[Grampa]

I disagree.

A lot of the clunkers coming in are from customers with very good credit and lot's of money down.  You know, the customers who keep their cars forever.  (Yes, I realize I may be contradicting myself from the leasing thread). 

They are also smart enough to grab some free gubmint cash while the gettin' is good.

I hope you are right.

[swampduc]

My younger brother is a repo guy and makes crazy money doing it. Of course, his last trip down to east STL, he came back and quickly got his CCP and a vest.

Yeah, I remember a repo man getting shot and killed in someone's driveway near Houston a few yrs back. There were no charges because in TX, it's legal to fire if you have "no reasonable hope" of recovering property, and the homeowner didn't know it was a repo man.

[cyrus buelton]

Yeah, I remember a repo man getting shot and killed in someone's driveway near Houston a few yrs back. There were no charges because in TX, it's legal to fire if you have "no reasonable hope" of recovering property, and the homeowner didn't know it was a repo man.

I have a friend who is a repo man in texas.

He wears a vest.

[The Architect]

Good Riddance...

+1, all it did was prove everyone likes a free lunch.

man..... I should become a repo man. 6 months from now.... business is gonna be boooooom'n

[Grampa]

+1, all it did was prove everyone likes a free lunch.

free lunch?


wait till Flo brings the bill

[Porsche Monkey]

Treading lightly in this thread.

One of the local big car dealers has sold a bunch of cars with the clunkers program. They have yet to receive a dime back from the program. Supposedly $1.4 million is owed to them. I am glad to see it go.

[The Architect]

free lunch?


wait till Flo brings the bill

Okay, treading real lightly here.  And if this is overboard I will be happy to delete it.  No need to ruin a thread.   

I would have no issue if the cash for clunkers was similar to the home buying incentive.  That is that the buyer would get a tax break rather than a check.  That way Flo isn't going to knock at my door looking to get paid for my neighbors new car.

I know, I know it's all the same money but it just feels different and just.  Your car, your rebate.

By the way both programs did the job they were intended to. 

[Porsche Monkey]

^^Yes but it temporarily killed the used car market.

[ducatiz]

^^Yes but it temporarily killed the used car market.

i never thought i would hear someone lamenting the cause of used car dealers!   

[Grampa]

Okay, treading real lightly here.  And if this is overboard I will be happy to delete it.  No need to ruin a thread.   

I would have no issue if the cash for clunkers was similar to the home buying incentive.  That is that the buyer would get a tax break rather than a check.  That way Flo isn't going to knock at my door looking to get paid for my neighbors new car.

I know, I know it's all the same money but it just feels different and just.  Your car, your rebate.

By the way both programs did the job they were intended to. 

We are all gonna pay a piece of the bill when it comes due..... same way we are all pay'n for the folks who bought more house than they could afford then bailed on it.

Dealers will be screwed on payments missing from the CFC czar. They will then bail on payments to the manufacturer. The mfg will then lay off people to cut losses. The American mfg's will then ask for more bail out cash. The dealers left holding cars not destroyed because of missing cfc payments, will then start to be fined for not following through on the destruction process. Fining dealers will take precedent to paying them what they are owed. If a dealer did not cross all the t's and dot all the i's.... they will be left holding the bag. Small time used car lots who purchase the used car backstock from the big dealers will have limited pic for cars, driving up the cost of used cars, or just killing their business outright. There will now be limited access for used car parts, driving up the cost on anything still available. The banks that made the loans, will be screwed on any bad loans made, and they will then ask for more bail out cash.

In the end....... a large chunk of people will now be driving more fuel efficient cars, more miles than before. Conserving no extra fuel. People consume based on whats in the wallet. If my wallet says I can go 500 miles in my current ride..... I'll go 500 miles. If I have a car that will now allow me to further on the same amount of cash.... I'll go further. NO FUEL SAVINGS.

This cfc program is nothing more than a trial balloon in steering the economy. Offered up as a green free lunch program.

[ducatiz]

This cfc program is nothing more that a trial balloon in steering the economy. Offered up as a green free lunch program.

  ayup

word brother BP!

[Porsche Monkey]

i never thought i would hear someone lamenting the cause of used car dealers!   

.

We have a used car department at our dealership as do most other dealerships and we can't give away some of those cars that are in the same market as a clunkers new car.

[ducatiz]

.

We have a used car department at our dealership as do most other dealerships and we can't give away some of those cars that are in the same market as a clunkers new car.

price them low enough and you'll move them

one of the local dealerships had a funky deal like that during the clunker program.  they were selling cars for 2-3k under blue book.  i think they figured it worked out since the 4500 made up for a good bit of profit.