Page 2 of 12 FirstFirst 1234 ... LastLast
Results 11 to 20 of 115

Thread: Govt to suspend Cash for Clunkers program

  1. #11
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 08:52 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,465

    Re: Govt to suspend Cash for Clunkers program

    I find it hard to believe that 222,000+/- car deals went through in just a week. Probably 50% of them will be repo'ed in the next six months.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  2. #12
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by apdst View Post
    I find it hard to believe that 222,000+/- car deals went through in just a week. Probably 50% of them will be repo'ed in the next six months.
    Yes....very little time to do credit checks, cars flying out the door, very reminiscent of how the Democrats ran the sub-prime mortgage scam.

    Officials worried $1 billion rebate program may quickly run out of money
    Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns about large backlogs in the processing of the deals in the government system, prompting the suspension.

    A survey of 2,000 dealers by the National Automobile Dealers Association found about 25,000 deals had not yet been approved by NHTSA, or nearly 13 trades per store. It raised concerns that with about 23,000 dealers taking part in the program, auto dealers may already have surpassed the 250,000 vehicle sales funded by the $1 billion program.

    Now, if the repo man picks up 220,000 cars a year from now, will it get news time? Nope. Only thing you'll hear about is how wonderfully successful CARS was.

    My goal is to keep my 10 mpg beastie on the road for as long as possible, because it's way cheaper to keep that thing on the road than it is to make payments and pay taxes and insurance on a new $20,000 vehicle, and it pisses off liberals to see that behemoth snorting down the road.

    I hope no one is buying GM with that money.

    Oh, and I'm guessing that fears of the coming hyper-inflation are spurring quicker sales, too.
    Last edited by Scarecrow Akhbar; 07-31-09 at 01:18 AM.

  3. #13
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 08:52 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,465

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by Scarecrow Akhbar View Post
    Yes....very little time to do credit checks, cars flying out the door, very reminiscent of how the Democrats ran the sub-prime mortgage scam.
    No kiddin', huh?




    Now, if the repo man picks up 220,000 cars a year from now, will it get news time? Nope. Only thing you'll hear about is how wonderfully successful CARS was.

    My goal is to keep my 10 mpg beastie on the road for as long as possible, because it's way cheaper to keep that thing on the road than it is to make payments and pay taxes and insurance on a new $20,000 vehicle, and it pisses off liberals to see that behemoth snorting down the road.

    I hope no one is buying GM with that money.

    Oh, and I'm guessing that fears of the coming hyper-inflation are spurring quicker sales, too.

    I'm going to keep my '77 F-250 on the road, until they stop making parts for it.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #14
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by apdst View Post
    No kiddin', huh?







    I'm going to keep my '77 F-250 on the road, until they stop making parts for it.
    WELLLLLLLL NOW.....the CARS program commands that cars traded in for rebate be "destroyed" so they won't show up on the streets no more. There's going to be lots of fresh spare parts in the junkyards if they're going to be "destroying" hundreds of thousands of used cars. That should keep us going for a long time.

  5. #15
    Sage
    disneydude's Avatar
    Join Date
    Jan 2006
    Location
    Los Angeles
    Last Seen
    Yesterday @ 07:24 PM
    Gender
    Lean
    Liberal
    Posts
    25,144

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by Scarecrow Akhbar View Post
    Yes....very little time to do credit checks, cars flying out the door, very reminiscent of how the Democrats ran the sub-prime mortgage scam.

    When have you ever bought a car and not had a credit check on the very same day?

    Serious Dude....do you expect anyone to believe that you walk onto a car lot to buy a car and they tell you "Come back in two weeks after we've had a chance to do a credit check"....they're typically done the same day....
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  6. #16
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 04:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by disneydude View Post
    When have you ever bought a car and not had a credit check on the very same day?

    Serious Dude....do you expect anyone to believe that you walk onto a car lot to buy a car and they tell you "Come back in two weeks after we've had a chance to do a credit check"....they're typically done the same day....
    Yeah.

    They did credit checks on the sub-prime mortgage borrowers, too.

    They even did a credit check on my 20 yo step-daughter and let her drive off the lot in a $25,000 used Honda....of course, she was going to college, didn't have a job, didn't even have anything resembling a work history, didn't have co-signer, she just signed some papers, traded in her POS Camaro (worth about three grand, tops), and off she goes. I've had repo men knocking on my door, at midnight, looking for that car, at least twice, and if I'd ever bothered to find out where she was living, I'd have told them.

    So, yeah, go ahead and insist the car dealers pay attention to credit reports.

    You do that.

  7. #17
    Professor
    Baralis's Avatar
    Join Date
    May 2009
    Location
    MO
    Last Seen
    12-05-17 @ 03:53 AM
    Gender
    Lean
    Independent
    Posts
    2,394
    Blog Entries
    1

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by apdst View Post
    There ain't been a billion bucks worth of junkers traded in, in just a week. Smells fishy, to me.
    Not to difficult with 20k dealerships nationwide. Thats only about 11/12 trades per dealership. The requirements were not difficult to meet so I imagine most trade ins would qualify.

  8. #18
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Govt to suspend Cash for Clunkers program

    This is a poor use of government funds as these trade in cars are probably just fine for regular use. The government shouldn't be encouraging people to dump cars just to pay off auto manufacturers.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  9. #19
    Professor
    WillRockwell's Avatar
    Join Date
    Jan 2009
    Last Seen
    07-10-10 @ 09:48 AM
    Gender
    Lean
    Undisclosed
    Posts
    1,950

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by Harry Guerrilla View Post
    This is a poor use of government funds as these trade in cars are probably just fine for regular use. The government shouldn't be encouraging people to dump cars just to pay off auto manufacturers.
    It's not only a great stimulus incentive, but a benefit to the climate because these gas guzzlers will no longer be contributing to global warming. These were probably old SUV's for the most part, and 225,000 are now off the road. Sounds like a bargain to me.

  10. #20
    ANTI**ANTIFA
    ReverendHellh0und's Avatar
    Join Date
    Sep 2007
    Location
    Temple of Solomon
    Last Seen
    Today @ 06:23 PM
    Gender
    Lean
    Libertarian
    Posts
    75,680

    Re: Govt to suspend Cash for Clunkers program

    Quote Originally Posted by Smoke[MaxX] View Post
    Eh, I figured the sarcasm was obvious. I tried to overdo it as much as I could.



    FAIL



    .....
    Let evil swiftly befall those who have wrongly condemned us

Page 2 of 12 FirstFirst 1234 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •