Actually this car coupon trick is going to be done in Germany. The deal here is that you trade in a 9-year old car or older (you had own it twelve months or more), and you get $3250 in a coupon. The car has to be German-made, of course. The last week, this has been a huge topic and the car salesmen are busy with tons of fresh business. There is a limit of course....the first 600,000 folks in...get the deal. So there is a rush.
If you look around, Ford, GM and Chrysler are in deep trouble, with no car sales. The $15 billion we gave to Chrysler and GM? Simply flushing down the drain. They will be back by April for more money because cars aren’t selling. I’m guessing the Obama administration will be stupid enough to hand them another $15 billion...rather than use the $15 billion for car coupons.
i would love a new bmw. just a new 3-series, nothing extravagant!
You’ve got a point. If we’re going to give away billions to keep the American car companies in business, better to subsidize buyers of those cars than hand the money over to the unions and the execs. Of course, it would be better NOT to give away billions to keep the car companies in business, but if we’re going to do that anyway...