Cash for Clunkers

[Nickdfresh]

Are you actually arguing that it's taking them more trouble than it's worth to get the $4500? Really?

What I'm saying is that many dealers have opted out of the program due to numerous last minute changes and uncertainty over what deals would actually get funded...and the money wasn't really that big of a deal as it worked out to something of about 15 Cash for Clunkers deals per dealership. Hardly anything fucking gangbusters. With the extension, yeah its about 45 cars now which is a decent program and one they should have funded as such from the beginning...

And I already said I did one of these deals. It took them 15 mins to do it, not including the time it took to have somebody haul the old car away.

You traded or sold?

Fifteen minutes to "do it" provided all the correct documentation was present. And assuming that they knew they were going to get paid. Some dealers here were forcing customers to sign affidavits to affirm they would pay the $4500 if the money ran out...

[Nitro Express]

Yup just like those motherfucking veterans of WWII, getting those GI bills that funded the housing and baby booms of the 50's. I mean fuck, they couldn't afford it and there have been no positive benefits since.

The lesson is the government should never try to help anyone, ever.

The govt. isn't helping anybody when they have to make up the difference with a loan on something that depreciates as soon as you drive it off the lot. Cars are lousy investments. The GI Bill worked because hard working vets went to school on it and got better jobs and made more money. As far as housing goes Freddy Mac and Fanny Mae have been a disaster.

[standin]

Car are great investments when you are depending on a job to keep the family in health-care, food, shelter and everyday life extras.

A car you know will start in the mornings, not break down on the way, affordable in gas and is covered by warranty is a huge asset in most American homes.

You know, those that don't need that in their life should not be taken part in the program. And let those that do need such use it.

[GAR]

I am a fucking trollfuck

Who asked fucking you?

[GAR]

Car are great investments when you are depending on a job to keep the family in health-care, food, shelter and everyday life extras.

$4500 borrowed today in 5 years time at 5% interest equals $1243.27 of interest.

Why does Obama keep finding ways to spend borrowed money if he's not working hard to bankrupt the country?

If it's really cash for clunkers, you'd think a 1964 Ford Galaxie - something you'd REALLY want off the road - would qualify. But it doesn't!

What the fuck is up with that?

Plus, 64% of cars sold with the Clunkers benefit are foreign autos - cars that really don't need any added assistance - further hurting US automakers.

What the fuck is up with that?

2 billion dollars, over 5 years time, adds 550 million just in the interest alone to service the debt. What the FUCK?!?!

Fuck OBMAMANOMICS it's outrageously stupid!

[standin]

Google

money well spent toward stable reliable transportation.

[GAR]

I got my numbers from a compound interest calculator, since I ain't no good with them modern mathematics:

Compound Interest Calculator

Your mileage may vary.

[standin]

Transportation costs.
And down time of transportation can cost a job.

[Seshmeister]

Germany who was the first country to come up with the 'cash for clunkers' idea came out of recession this week...

[thome]

So I am talking with this guy right...( I wrote this joke a couple days ago and I am not sure it is right, but maybe one of you an impove on it )

so this guy... and I are talking and he is making me admire his newest aquisition, a new Prias or Hybrid (pick any ) and he tells me all about "the car" and how he has "the car" in that makes him cool, and so I say, ahhh.................. thanks for all that............ahhhh... were are you headed now, and he sais,.............. to fill the car up with gasoline, because he has found out already, that...... that is the most cost effective and efficient way to drive around the extra 400 pounds of lead acid batteries installed in the trunk...

so do you get it..?

I will be signing autographs in............................... THE MEZZANINE!

[Nickdfresh]

It's all over Monday at 8: 00pm...

[bueno bob]

The owner of the local Wilsonville dealership had a statement in this mornings Oregonian...basically amounted to the fact that they're still waiting on government consideration about the Cash for Clunkers deal, and the government is completely swamped trying to process all the claims. He said they've been waiting for over three weeks for their paperwork to get processed, but it's a hard wait due to the current financial bind they're all in. Bottom line is cash.

Apparently the processing people have been great multiplied, but due to the overwhelming success of the program, it's still going to be a wait, and since their bottom line is cash...

[standin]

How many , like me, think this car will be a total fail in production, quality and sales ?

Chevy Volt | Electric Car - Future Cars | Chevrolet

[Fuct Jup]

Report: Cash for Clunkers Auto Program Cost Taxpayers $24,000 Per Vehicle

Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com

SANTA MONICA, Calif. — October 28, 2009 — Edmunds.com, the premier resource for online automotive information, has determined that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.

Nearly 690,000 vehicles were sold during the Cash for Clunkers program, officially known as CARS, but Edmunds.com analysts calculated that only 125,000 of the sales were incremental. The rest of the sales would have happened anyway, regardless of the existence of the program.

Ironically, the average transaction price for a new vehicle in August 2009 was only $26,915 minus an average cash rebate of $1,667.

"This analysis is valuable for two reasons," explained Edmunds.com CEO Jeremy Anwyl. "First, it can form the basis for a complete assessment of the program's impact and costs. Second—and more important—it can help us to understand the true state of auto sales and the economy. For example, October sales are up, but without Cash for Clunkers, sales would have been even better. This suggests that the industry's recovery is gaining momentum."

The chart below sets forth actual SAAR (Seasonally Adjusted Annual Rate) compared to Edmunds.com's forecasted rate if the program had never been implemented.

Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com

[Blackflag]

Government efficiency, baby!

I got mine.