Cash for Clunkers and my opinion

[bhw33191]

This program is the most disgusting thing i've ever heard of in my opinion. I'm sick of this "Obama motors" crap. The government should stick to its own business if you know what i mean and stop trying to run the car industry. Its ruining an American pastime and people just don't appreciate cars the way they used to . I think it was a sneaky way of starting the economy back up because all of these dealerships are making deals like never before. And you know, its gunna cause some big problems too. As soon as people hear the term "governmental rebate" they jump on the opportunity. And you know what? A lot of these people can't afford the cars even with the rebate and it'll end up getting repossessed in the end. All the rebate does in that case is delay the process and allow these people to drive in new cars for even longer.

And as many of you may know, these cash for "clunkers" get a crankcase full of silicone acetate (i believe it is), then get the $hit revved out of them till the engine is seized. A great majority of these cars have good parts people could use, and heck the whole car itself most often still has many years of life left!

So anyway on my drive to work i saw something i just had to take a picture of.

[j cAT]

take it easy its only a piece of steel.....if its a 2009 silverado a piece of plastic..

Obama is just trying to get the economy going...this cash for clunkers did help clear out inventory....

this was better than the bank,,and insurance bail out.. hundreds of billions no questions asked....FREE MONEY...then they give the employees a big cash bonus...

[bhw33191]

Originally Posted by j cAT

take it easy its only a piece of steel.....if its a 2009 silverado a piece of plastic..

Obama is just trying to get the economy going...this cash for clunkers did help clear out inventory....

this was better than the bank,,and insurance bail out.. hundreds of billions no questions asked....FREE MONEY...then they give the employees a big cash bonus...

I'm still stickin to my opinion but you do have a point. I guess its all how you look at it.

[MagicRat]

Cash for clunkers ends today... good riddance. It was expensive for the taxpayer. Many of the cars being sold were made overseas but were subsidized by US dollars.
Imo the money would have been better spent on infrastructure projects, and not serving such special interests.

[racerxpl]

And it was a program that did not benefit those hit by the economy the worst. Layed off people cant usually get a new car loan and those of us that cannot afford new cars now cannot afford used cars and the used parts to fix the ones we have will not be there. Talk about crapping on the poor.

[Blt2Lst]

I think the C 4 C program basically kept a lot of auto workers from driving up the unemployment stats.
Now that it is coming to an end, we will just have to wait and see what happens.
I think it was a temporary fix at best to the economy.

['97ventureowner]

I think it will end up cannibalizing auto sales from this coming Fall and Winter. Those that were probably waiting to make their purchase then made them now and I'll expect we'll see even lower sales figures in the coming months now that the program is over, along with the real incentive to purchase a new vehicle.

[wafrederick]

The damage has been done to the used car market and can't be fixed.My father is an used car dealer and has not sold a car since this happened,nothing but tire kickers.Price of an used car is going up next year by a grand.

[bhw33191]

Originally Posted by wafrederick

The damage has been done to the used car market and can't be fixed.My father is an used car dealer and has not sold a car since this happened,nothing but tire kickers.Price of an used car is going up next year by a grand.

Yeah i know what you mean. I spend a lot of my time as a locksmith making keys to repossessed cars and i found that part of my business to slow down. However, i'm expecting a boom in repossessed cars as people who can't afford a new car decide that the cash for clunkers deal might help scrape by but they soon find they still can't keep up. And then consequentially when they go looking for a "used" car they CAN afford, the market just won't be there and they'll be screwed..

[j cAT]

Originally Posted by wafrederick

The damage has been done to the used car market and can't be fixed.My father is an used car dealer and has not sold a car since this happened,nothing but tire kickers.Price of an used car is going up next year by a grand.

with all this spending the cost of all vehicles new and used will go up alot next year....inflation is going to be with us next year..

those working will be forced to purchase something to get them to work...,,and like ya said many of these clunker people will soon be unable to make the payments...

whats 3 billion though, when the fat cats got hundreds of billions,,and then they kept the cash instead of helping get the economy moving..

just look at all the construction stoped in LAS VEGAS...the banks pulled the plug....rather than having the jobs continue to complete these structures..

I can see already the vehicles are getting very small....not to bad if you live in a warm climate....what happens when the snow comes ?

[305caprice]

this is why im angry that i wasnt born in the 50's or 60's. the new cars that are coming out r slowly becoming to complicated for the average joe to fix thats one of the big uses of the pre 2000 cars. granted they still have a fair amount of computers in them but there fixable its scary my cars is a clunkers ive had three people tell me " go get rid of that gas guzzling dinosaur youre driving its a peace of junk and ugly to look at" i worked hard to avoid slaming my all steel bumper into there space aged plastic one. morn the death of the clunkers

[wafrederick]

It was a joke there were some nice looking ones going to crusher.I have heard of a Corvette traded in for cash for clunkers.Another used car dealer saw this without the t tops

[CD Smalley]

I saw a Maserati with something like 18K original miles on CNN headed for the crusher. Wrong.... Just plain wrong...

[Blt2Lst]

Originally Posted by CD Smalley

I saw a Maserati with something like 18K original miles on CNN headed for the crusher. Wrong.... Just plain wrong...

It's hard to believe they could not get more than $4500 for a Maserati if they tried to sell it..

[Blue Bowtie]

In Massachusetts, one more clunker was turned in after the program ended.