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some of the vehicles selling aren't gas guzzlers they will be destroyed giving the dealer no opportunity to resell that will hurt used car buyers looking for otherwise good cars |
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we're both thinking alike. i guess just like the bailouts, the manufacturers are being helped more than the dealerships.
we know that used cars have a greater profit margin than do new ones, so forget the less wasteful dealers right? there were dealerships doing MORE than fine here locally that were mandated to close. WTH(eck)?!!! |
I can't help but wonder what is going to happen in the next year or so. The people buying NEW cars now can't possibly have only been held back by a $4500 down payment. On a normal car loan that is only $50-75 a month for 5 years. You can't tell me that they didn't do it because of $50 a month. When you count insurance and $300 a month for a payment that 50 isn't much more.
Would now be a good time to become a repo man? |
There's a lot of speculation among economists that cash for clunkers is mostly encouraging those who were thinking of buying a new vehicle soon anyway. May lead to lower sales later. Guess we'll find out.
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I just did the math, IF Marvin was getting his EPA 18mpg, not the 24mpg (Rounded up as EPA also does) I've actually been getting from him, then the minimum $8000 I'd have to pony up for a new vehicle would pay the difference in gas for 15000 miles a year for 10 years at current prices. After 10 years, new car is probably worth what Marvin is now, Marvin is either worth the same or more :D ... also I am getting towards optimistic that I can get 30mpg+ out of Marvin eventually...
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i understand, but cannot confirm, that certain vehicles that were thought to qualify, actual do not. so, now dealers are calling buyers back, asking for the "lost" $3500-$4500 that the program did not pay! :eek:
i'd wait to destroy any so-called clunker @ least until the deal was in stone. as previously stated, many of them could be re-sold. |
just some details...https://www.cashforclunkersfacts.info/
i understand the idea is working, tho it's a tax payer subsidy. but, the top 5 or six car sales related to this program do NOT include any by GM or Chrysler, so... the Ford Focus is #1 however. |
Just found out my aunt used cash for clunkers to replace her old jeep with a 2010 Prius. She's most pleased with the built in GPS, apparently. Her jeep had 200,000 miles on it (not sure what year, but it looked pretty old last time I saw it) and needed some expensive repairs, so I guess she falls into the "was going to replace it soon anyway" camp.
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