LORD knows I hope so.
Amazing << Hear this. Feel this, and tell me that this isn't music.
Oh, dear...
Posted on 08/22/2009 12:30:26 PM PDT by george76
Frustrated with delays, rejections and computer-system crashes, several New Hampshire auto dealers are making car buyers pledge to cover rebates if the federal government doesn't come through with checks under the Cash for Clunkers program.
Auto dealers say they are doing so because the federal government is a clunker when it comes to sending out rebate checks of $3,500 or $4,500 per car.
The New Hampshire Auto Dealers Association created the draft agreement earlier this month and sent it to members, said President Peter McNamara.
Some dealers aren't using the agreement. Others are negotiating the agreement into the deal. McNamara said dealers are having problems getting rebates from the federal government, despite a law that requires any rebate application to be answered within 10 days.
At Bonneville & Son in Manchester, the company has not received a single rebate, despite the 70 Cash for Clunker deals it signed since late July. Manchester Subaru has had one of 25 rebates approved.
For some dealers, the IOUs surpass $500,000, McNamara said. "For any dealer, $100,000 represents a serious cash-flow issue if you don't know when it's going to come in,"
(Excerpt) Read more at unionleader.com ...
What will really be hilarious is if the feds start issuing IOUs to these car dealers the way CA has issued them to everyone they owe money to. That would be the icing on the cake of this failed POS program. Success my a**!
Ummm... hello...?
It took one fellow just over four months to get his non-resident carry license renewal from the state of New Hampshire, when the deadline is two weeks.
Those dealerships should hunker down for a long, long wait for their monehy.
As P.T. Barnum said...
Amen and thank you!
Think about this. The customer trades his "clunker"(a misnomer BTW)in, supposedly for 4500 bucks. He then signs an agreement that he will be responsible for the 4500 bucks if the Government doesn't come up with the money. So, now he loses his original car, plus is in the hole for another 4500 bucks. This trade in would COST him $9,000 dollars, why would someone agree to that?
What happens if they pay up and then the government pays the dealer later, do they get their money back? You have to wonder if people could afford to put the 4500 bucks down for a down payment, why are they then ripping off the tax payers?
Yeah actually! You are paying yourself for your own trade in. Better you than me. I already traded in pre- clunkers so do not wish to subsidize others trade ins.
Ostammer and his thugs don’t care about the dealers. They’re just small businessmen. Ostammer accomplished what he wanted - raised auto production for his union buddies and tricked consumers and dealers into putting some money into the economy. They couldn’t care less if the dealers have to eat it.
The customer? How about the dealers?
Some of them will go out of business if they don’t get those rebates. They’re all having a helluva time getting credit as it is.
The customer has the choice of not buying the vehicle. If the dealer relies on the government to fulfill its promise and the government doesn’t fulfill it, there likely won’t be a dealer there at all to service that vehicle so that customer can go drive 50 miles.
Ostammer and his thugs are likely sitting there laughing their butts off at the dealers for trusting them, especially after what they pulled with the auto manufacturers shutting down so many dealerships.
The increased sales are of no benefit to the dealers if they lose money on those deals.
Did the dealers have the ability to opt out of the program?
Your comment makes no sense.
I heard of a lot of dealers who weren’t accepting clunker deals. Don’t know if GM and Chrysler got muscled into this by Bummer or not.
LORD knows I hope so.
Amazing << Hear this. Feel this, and tell me that this isn't music.
Oh, dear...
It would have been smarter to let the buyer buy at the full rate and get a “rubber-stamped” document from the dealer about the deal...then submit that himself as the buyer and wait for the government check. The dealers really got screwed in this deal and will lose in most every which way.
... And pay my mortgage too!!
Can someone out there download all of the forms that need to be filled out in order to qualify for the C4C fiasco?
They will make it up on the volume.
You know what I am saying. Yes, the dealers are getting slammed and that’s not alright; but they should know better than to sign up with the government.
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