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Cash for clunkers
KT;
I was fooled by the AARP ad's on the TV and thru the mail so I sent in my membership. Being I did it backwards by joining first and researching them later I was amazed at how their slick advertising can fool people into thinking they are in business to help old people, not so at all, their goal is to gouge the old folks. I called their 800 number and asked for a refund of my membersship money, they sent it back. Frank.
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Cash for clunkers
I didn't want to comment on the cash for clunkers thing till I did some research, and I'm not sure I fully understand it now, but here's my take on it.
1 - The average "Clunker" likely has less than 25K miles left in it. OK they save the difference of 18 - 22 MPG, or four MPG for 25K = 250 Gal. at whatever the price of gas may be.
2 - Supposed to help low income folks. OK, Government gives them up to 4500 towards the price of a new car that they likely can't afford even with the free money.
3 - Obama and the Republicans for that matter slobbered all over the domestic car makers with multi billon dollar bailouts and all kinds of promised help down the road. OK. WHY, if they want to help our domestic carmakers are we the taxpayers giving incentive mney to people who purchase foreign cars and the profit from those sales goes to the country of origin instead of keeping the profits from that car sale here in our own depleted coffers?????????????
Sounds to me like a program designed by the rich for the rich and will be as lax on safeguards and as ripe for fraud and corruption as the insurance company bailouts were.
Nuff from me.
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Cash for clunkers
Greg;
You answered your own question about this "Obama Scheme", I'll call it. Do poor people own the sub-prime mortgage business? You are absolutely correct people without the ability to repay will be suckerd into loans they can't handle. The rich feeding off the poor, I have little time for those kind.
Dennis, is your message telling me that dealers may be able to unload excess cars without the cars having been a tradein on the clunker program?
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Cash for clunkers
EW;
I've heard all that hash before. The foreign owned auto companies would close their doors here in a heartbeat if they couldn't take some of the profits home with them. Lets say this "Program" creates a need for five million cars, (just a number out of the blue), it takes a given number of people to build five million cars. OK, wouldn't you rather they be built in domestic factories and all the profits be kept here? We've given away enough of our manufacturing ability now, do you want that to continue?
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Cash for clunkers
EW;
Yes, I realize that my shouting about things like this only raises my blood pressure and the politicans could care less about my opinions, so goes the world.
Like someone said Chevron is not in business to produce oil, they are in business to make money.
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Cash for clunkers
The clunker money an individual gets to help buy a new car will likely be considered as ordinary income on their 09 tax return, if the individual is subjec to taxes.
The next big farce being pushed on us by the Obama admistration is the health care reforme bill that he wants, "Rushed" thru before anyone can have time to read the two foot thick bill. We should at least be allowed to hear all the aspects of this "Reform" before he gets it made into law.
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Cash for clunkers
A friend has an older Impala, I don't know what year, but the big Pillsbury Dohyboy looking model form the eightys or ninetys. He bought it new, the car has like 250K and still runs fine but the body is kaput. He went to a Chevy dealership wanting to trade it in on the Cash for Clunkers program. The dealer told him that because of the zero trade in value of his Impala it didn't qualify, Is this correct? Made the friend mad he said he'll just keep driving the old Impala. He can easily pay cash for a new car so that did'nt nix the deal.
Another friend whom I know thru church is a salesman for a Chevy dealer, he said there is six to eight hours of paperwork involved in the C for C trade program, seems pretty typical for a government run deal.
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Cash for clunkers
EW;
Just tellin ya what each man told me, never known them to be liars.
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Cash for clunkers
EW:
I don't know how many new cars per day they sell, but doubt it would be more than two or three, their bread and butter is pickup trucks, used cars and used pickups. I think they have three sales people. This is a small dealership, but been there since Moby Dick was a minnow.
The friend with the old Impala is almost as anti Obama and his henchmen as me, so he may be finding any reason to pick the thing apart too.
Member, I tried to warn ya before the election???
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