Clunkers for cash a scam and dangerous
#1
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Anyone have any luck with it? I was trying to get my dad a jeep wrangler for his 93 Chevy suburban. The dealership said only 4cyl engines like pt cruisers. Anyway no tree hugging for me.
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#2
Gets Weekends Off
Joined APC: Jun 2008
Posts: 3,716
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Last edited by iceman49; 07-29-2009 at 06:47 PM.
#3
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USMCFLYR
#5
#6
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The ones that will really lose will be the auto-dealers IMO. Once the money dries up, if they sold cars right before that point, the funds might already be gone and they will have to eat that $4500. Plus there's a chance the Gov't will deny some of the claims because they said they are changing the rules daily.
#7
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This program was highlighted on Fox News this morning.
It seems the dealers are wary of the program - but basically wary of the program due to its' success!
$1 billion dollars in the program, an average of $4000 dollars per vehicle, by 20,000 dealers nationwide equals about 12-13 cars per dealers available at the present financing. The particular dealer they interviewed sold that many vehicles under the program the very first day!
It seems the dealers think that the program is paperwork intensive and they worry that the program is ALREADY out of money and the gov't doesn't even know it. If that is the case - then the dealer is left holding the bag since they have basically fronted the customer the money already.
I thought I might have jumped in a little quick since I wasn't planning on getting a new car quite yet - but now I'm glad I went ahead and got my rebate.
USMCFLYR
It seems the dealers are wary of the program - but basically wary of the program due to its' success!
$1 billion dollars in the program, an average of $4000 dollars per vehicle, by 20,000 dealers nationwide equals about 12-13 cars per dealers available at the present financing. The particular dealer they interviewed sold that many vehicles under the program the very first day!
It seems the dealers think that the program is paperwork intensive and they worry that the program is ALREADY out of money and the gov't doesn't even know it. If that is the case - then the dealer is left holding the bag since they have basically fronted the customer the money already.
I thought I might have jumped in a little quick since I wasn't planning on getting a new car quite yet - but now I'm glad I went ahead and got my rebate.
USMCFLYR
#8
On Reserve
Joined APC: Aug 2007
Posts: 11
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USMCFLYR
You are one of the lucky few. I have been on the phone all morning and word is the program will be out of money by this weekend.
Good luck for anyone trying to buy a Toyota truck that qualifies. None left at any of the dealers around me.
Maybe when congress gets back from vacation they will look at another program of sorts....who knows.
Surfpilot
You are one of the lucky few. I have been on the phone all morning and word is the program will be out of money by this weekend.
Good luck for anyone trying to buy a Toyota truck that qualifies. None left at any of the dealers around me.
Maybe when congress gets back from vacation they will look at another program of sorts....who knows.
Surfpilot
#9
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I think the plan is ridiculous, using tax payer money to buy a car that is worth $800 for $4500 in the interest of getting gas guzzlers off the road. I think we have more important concerns than this, and I don't approve of my tax dollars in this program. our govt. = too much power/control . . .
#10
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USMCFLYR
You are one of the lucky few. I have been on the phone all morning and word is the program will be out of money by this weekend.
Good luck for anyone trying to buy a Toyota truck that qualifies. None left at any of the dealers around me.
Maybe when congress gets back from vacation they will look at another program of sorts....who knows.
Surfpilot
You are one of the lucky few. I have been on the phone all morning and word is the program will be out of money by this weekend.
Good luck for anyone trying to buy a Toyota truck that qualifies. None left at any of the dealers around me.
Maybe when congress gets back from vacation they will look at another program of sorts....who knows.
Surfpilot
USMCFLYR