LOL!
Actually, this creates a nice little entreprenurial niche for some smart guy or gal with a little cash to buy up future 'classic' cars that Old Hippie 0bama Voters will be lining up to sell:
LOL!
Actually, this creates a nice little entreprenurial niche for some smart guy or gal with a little cash to buy up future 'classic' cars that Old Hippie 0bama Voters will be lining up to sell:
bookmark
Well, this lady’s not going to trade hers in, that’s for sure... LOL...
Romancing the Road (89 year old still knows how to lube it up and is packing heat)
http://www.freerepublic.com/focus/f-news/2278086/posts
The 5 points of weakness in this bill are well articulated, with the possible exception of eliminating potential “classic” cars.
Number One is the real killer:
1. The voucher replaces the trade-in deal you might otherwise get from the dealership; it’s not in addition to the car’s private sale or trade-in value. In other words, if you’re trading in a car that’s worth $3000, your net gain is only $500. Although if your car is worth $100, CFC couldn’t come at a better time.
It looks like the price of new cars is set to plummet. People will want $4,500 off invoice not sticker and then they will want trade value concession on price since they don’t get trade in. The writer is making the assumption that no one is smart enough to bargain or to demand that the price of the car be reduced in place of the trade in value. This is looking like 0% interest on steroids. I see the unintended potential of this legislation may drive the cost of cars back to fair market value or result in the total collapse of the US auto industry. It will cause major hurt to the UAW as it will anger consumers when they don’t get their promised cars.
We still drive our 1997 Ford E-150 half-conversion van because:
1. It's in great shape;
2. It hauls kids, soccer and baseball teams just fine;
3. The Titan 5.4L engine does an excellent job;
4. It's been paid off for quite some time;
5. Most importantly, it's worth far more to us being on the road than as a trade in as we certainly can't afford a >$25,000 new minivan.
Another total waste of government time and money - hope they printed this on soft paper so maybe they can give it to us to wipe our butts with it...geez...
I’m in the camp that considers global warming (oops, sorry, “climate change”) to be a complete and total farce.
That said, if one subscribes to this crackpot theory, then it would behove one to take a look at ALL the sources of pollution generated by a motor vehicle.
It takes a huge amount of energy to produce a vehicle. It takes a huge amount of energy to recycle scrap metal. Much pollution is spewed in the process, directly and indirectly. It likely dwarfs the emissions caused in just operating the vehicle over, say, a five year period.
Cars that already exist used a lot of energy in their creation, but that cost is sunk - there’s nothing you can do about it. Ditto with the emissions those cars made - its done.
If these people REALLY cared about the environment, they would be doing everything they can to extend the lifetimes of existing vehicles, and improve their emissions as much as possible.
This could include retrofitting modern vehicle control systems on older vehicles, or transplanting newer powertrains. Oh, wait. The reason this isn’t done more often is that the government makes it illegal to “tamper with a vehicle pollution control system”, even if you are making it more efficient or effective than what the OEM provided.
As usual, control is more important than results.
The author states that those people with clunkers can’t afford new cars, and he’s right.
There’s another group, too. Those people—like myself, and my inlaws, and lots of other “millionaire next door” types I know (although I’m not a millionaire per se)—who CAN afford new cars but who are very frugal, don’t care about “newness,” or status, and are just fine with our clunkers, as long as they are driveable and reliable.
I’ve never bought a new car in my life and never will. Let someone else take the depreciation. I like to buy used cars (and used houses). . .
bump