Re: Cash For Clunkers
 

from today's email



I guess I must be on the wrong page…

· A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
· A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
· So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year.
· They claim 700,000 vehicles – so that’s 224 million gallons / year.
· That equates to a bit over 5 million barrels of oil.
· 5 million barrels of oil is about ¼ of one day’s US consumption.
· And, 5 million barrels of oil costs about $350 million dollars at $75/bbl.
· So, we all contributed to spending $3 billion to save $350 million.
How good a deal was that???

Re: Cash For Clunkers
 

What until 1/2 these cars are repossed because they can't make the payments,and then we have to pay for them again!! https://www.yenko.net/ubbthreads/imag...lins/dunno.gif https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: Cash For Clunkers
 

Anybody see a theme here. Let's see Banks,homes, cars,
I wonder what's next??

Re: Cash For Clunkers
 

The recurring theme I have seen, whether it is banks or clunkers, is "don't think about it, there isn't time, just pass the bill!"

Not a good way to spend billions.

BTW... healthcare IS next.

Re: Cash For Clunkers
 

heard there is a cash for clunkers for appliances next...

Re: Cash For Clunkers
 

[ QUOTE ]
Anybody see a theme here. Let's see Banks,homes, cars,
I wonder what's next??

[/ QUOTE ]

Credit card companies.

Re: Cash For Clunkers
 

According to my friends that work/manage at 2 different dealerships around our area that program worked pretty good. I believe it also gave Detroit a shot in the arm! I know there is not many trucks sitting at Bergeys GMC, Buick lot in Franconia since this deal started! https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Cash For Clunkers
 

So...the government dreams up a program where the private sector business owners loan money to the buying public https://www.yenko.net/ubbthreads/imag...s/confused.gif...interest free and then have to hold their hand on their A**n waiting to get paid. One of the dealership groups in upstate NY is waitng for $8,000,000 from the Obama check book https://www.yenko.net/ubbthreads/imag...ns/shocked.gif

The car business in the US will suffer this fall as a result of the "pull ahead" of car buyers. What happens when when some of these clunker traders can't make the payments on the new "gas savers" they bought...do we bail them out too.??

This was a bad program and it will have negative impacts for the car industry over the next 6-12 months.

wilma https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: Cash For Clunkers
 

With all the rebates and incentives added to the cash for clunkers, a person should have gotten into a new car cheap, so the loan payments should not be bad at all. Plus, recently it is a lot more difficult to get a loan. Before if you had a heart beat you got one but not now...lots of red tape.

Re: Cash For Clunkers
 

Instead of giving people buying new cars OUR money, why not let the people paying it, THE TAX PAYERS, their own money back and let the economy recover organically instead picking and choosing who gets OUR money?

Re: Cash For Clunkers
 

If they can't make the payments they should not have gotten the loan anyhow. I did not make the statement up, just reporting what my 2 neighbors said and Bergey's Trucks up the street said. I will be happy if down the road this cash for clunkers thing worked out. https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Cash For Clunkers
 

"A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
So,the average clunker transaction will reduce US gasoline consumption by 320 gallons per year.
They claim 700,000 vehicles – so that’s 224 million gallons/year."

I think on paper this might be true,but how many new car buyers actually drive the same amount of miles or less as when they owned their older car?
How much gas are we as a nation really saving,(does it really matter how much a vehicle gets miles to Gal.),if everyone's driving more often?..And why?...because it's a <u>NEW</u> car.
So far every time I bought a brand new vehicle,I went everywhere,saw everyone &amp; visited more sites beyond my normal surroundings.I drove the piss out of em for the first 5 years..If this holds true for the status quo,this country isn't really saving as much gas as was previously reported.

Re: Cash For Clunkers
 

[ QUOTE ]
"A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
So,the average clunker transaction will reduce US gasoline consumption by 320 gallons per year.
They claim 700,000 vehicles – so that’s 224 million gallons/year."

I think on paper this might be true,but how many new car buyers actually drive the same amount of miles or less as when they owned their older car?
How much gas are we as a nation really saving,(does it really matter how much a vehicle gets miles to Gal.),if everyone's driving more often?..And why?...because it's a <u>NEW</u> car.
So far every time I bought a brand new vehicle,I went everywhere,saw everyone &amp; visited more sites beyond my normal surroundings.I drove the piss out of em for the first 5 years..If this holds true for the status quo,this country isn't really saving as much gas as was previously reported.

[/ QUOTE ]

I have to agree. I always drive more places with a new car.
What they need to concentrate on is changing peoples driving habits, cutting down on needless short trips.

Re: Cash For Clunkers
 

On the other hand some may drive less to keep the miles down so the warranty doesn't run out too soon. I know I will try to use the older car with more miles just to keep the miles down on the newer on, after the newness wears off. https://www.yenko.net/ubbthreads/imag...lins/smile.gif

My point is it still probably will balance out. https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: Cash For Clunkers
 

One of our local Dealers, Joseph Pontiac-Chevrolet, just had most of his employees walk off the job. They haven't been paid in over 30 days. The owner, Joe Hood, says he has no money to pay them because the Gov hasn't sent one dime of the money to him from the C4C deal. He said all of his money was tied up in inventory, which is now gone. Don't know if he is telling the truth or not, but all the Dealers around here that were interviewed for the story said the same thing about no money from the Gov yet.

Re: Cash For Clunkers
 

[ QUOTE ]
If they can't make the payments they should not have gotten the loan anyhow

[/ QUOTE ] BUT THEY DID

Cash for clunkers will be one of the biggest FAILURES of all time https://www.yenko.net/ubbthreads/imag...s/confused.gif https://www.yenko.net/ubbthreads/images/graemlins/no.gif Have a friend that work in GMs finance
And was telling me yester day this will be much worse than the sup prime mortgages . told me about 80%
Of the people that fell for this CAN NOT AFFORD the payment and had no business buying a new car they can not
Afford the monthly payment Plus higher insurance If they could not afford the gas in there old car there is no way they and afford a new car The only one that will make out on this mess is the repo man and then all the banks will be crying about of all of the new cars they have on their hand sitting on the banks lot
What is a same is some good cars got junked because of this scam . But I have be told a lot of the nice cars went some were in the mid west to be restored because by Dec there will be a demand for them

Re: Cash For Clunkers
 

You really were not suppose to trade them in if they were NOT junk. Don't really know what the reprocussions are or will be but it was suppose to be a shot in the arm for the factories, dealerships, salespeople etc. Also I believe their aim was to get some of the more polluting cars off the streets. This may not have worked for all but I think some of the dealerships around me did fairly good by it. I still kept my clonkers though. https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Cash For Clunkers
 

Yes some dealerships did ok with this but all it did was delay what is going to happen in the end
For a lot of them it will be the end
Just wait and see what happens by Dec or better yet Feb of 2010
As for me I will be keeping my Jeeps with the old school inline 6
They may not be the fastest out there but that motor is just plain bullet proof
And most likely will out last me .Mine are all paid off may not get the best mpg
But once you own a 4x4 you will never go back
so me yea I will keep my Clinker
just going to be a bad next year for the new car industry and I feel sorry for all that got suckered
in to this mess. It started out as junk cars only BUT people were trading in really good cars.
So what we will have is a shortage of good used cars WHAT’s WORNG WITH THIS PICTURE https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Cash For Clunkers
 

a local dealer is still holding thirty clunkers and waiting for govt. checks. https://www.yenko.net/ubbthreads/imag...thumbsdown.gif

Re: Cash For Clunkers
 

Even with C-F-C, Chrysler and GM posted declines while Ford had an increase in sales.

Which two out of the three are in turmoil because of taking money from the government? https://www.yenko.net/ubbthreads/imag...lins/dunno.gif https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Like I said before, I wouldn't buy a Chrysler or GM right now either until they can show signs that they will be around 6 months from now.