Cash for Clunkers - Good or Bad Idea?

4110 messages, Last post on Nov 23, 2009 at 11:42 AM

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

What is this discussion about? Legislation, Truck, Sedan, Wagon, SUV

For questions about how the program works or to discuss program details, please visit our discussion titled, "Cash for Clunkers - Does it Work for You?"

Outline

Messages Page 138 of 411: 1; ...; 135; 136; 137; 138; 139; 140; 141; ...; 411; Prev; Next; Last

#1371 of 4110 Re: What happens to dealers that jump the gun? [steve_] by joegiant Jul 03, 2009 (3:43 am)
Replying to: steve_ (Jul 02, 2009 9:58 pm) So if I go in and buy one of these cool lookin' Genesis sport cars from Hyundai BEFORE the July 23rd-ish start date and it is later determined by the government that only autos assembled in the USA are eligible for the voucher, who pays for the mistake? The dealership or the consumer? This oughtta be good!!! Replies to this message: 100chuck (Jul 03, 2009 3:54 am)
#1372 of 4110 Re: What happens to dealers that jump the gun? [joegiant] by 100chuck Jul 03, 2009 (3:54 am)
Replying to: joegiant (Jul 03, 2009 3:43 am) The Dealer would suffer the loss because the sale would be final.
#1373 of 4110 Re: What happens to dealers that jump the gun? [steve_] by gagrice Jul 03, 2009 (5:21 am)
Replying to: steve_ (Jul 02, 2009 9:58 pm) How long will it take the other automakers to come up to the plate? Personally I think it is risky with Federal red tape. Though it should be the auto maker taking the risk and not the individual dealers. So what would happen if by the time the RULES are announced on July 23rd, more than the allocation is gone? Big month for aggressive dealers and automakers could leave some dealers on the hook for $4500. If the interest is as high as some of our sales people claim. Sales as of July 1 may be eligible for credits under the clunkers program, the National Highway Traffic Safety Administration said last week. Still, dealers that make sales before the rules are finalized "bear the risks" of later showing that the sales qualify, the agency said on the program's website. The National Automobile Dealers Assn. recommends that dealers wait for the rules to come out before acting, said John McEleney, chairman of the McLean, Va.-based group. "I just hate to see someone get burned," he said. Dealers could be fined $15,000 per sale for violating the rules, NHTSA has said. So it is a big gamble, who wins the throw of the dice? Replies to this message: kathyc2 (Jul 03, 2009 6:13 am) kdhspyder (Jul 03, 2009 3:43 pm) gagrice (Jul 03, 2009 3:52 pm)
#1374 of 4110 Re: What happens to dealers that jump the gun? [gagrice] by ldisler Jul 03, 2009 (5:51 am)
Replying to: gagrice (Jul 02, 2009 7:33 pm) The rules are set as to what qualifies(it's in the Bill). The NHTSA can't changewhat the Bill stipulates.What the NHTSA is doing is setting up the organization to 1: register dealer 2: set procedures for verification of eligability. 3: set rules to pay dealers. They can't specify domestic autos only because of free trade aggrements. Replies to this message: jeffyscott (Jul 03, 2009 6:09 am) gagrice (Jul 03, 2009 6:19 am)
#1375 of 4110 Re: What happens to dealers that jump the gun? [ldisler] by jeffyscott Jul 03, 2009 (6:09 am)
Replying to: ldisler (Jul 03, 2009 5:51 am) NHTSA could not specify domestic only, in any case, since the bill (now the law) does not say that. The bill that passed and was signed into law could not specify domestic only, due to free trade agreements.
#1376 of 4110 Re: What happens to dealers that jump the gun? [gagrice] by kathyc2 Jul 03, 2009 (6:13 am)
Replying to: gagrice (Jul 03, 2009 5:21 am) I think Hyundai will come out well being the first. They are taking advantage of the "can't wait mentality". By being the ready a couple weeks before others, they have a greater chance of getting people in their showrooms before other makes. The rules have been set, now it's just getting the administrative procedures in place. By Hyundai Corp funding the cash, individual dealers don't have to worry about how long it will take for government reimbursement. All in all, brilliant marketing!
#1377 of 4110 Re: What happens to dealers that jump the gun? [ldisler] by gagrice Jul 03, 2009 (6:19 am)
Replying to: ldisler (Jul 03, 2009 5:51 am) They can't specify domestic autos only because of free trade aggrements. Can't is a mighty big word for this administration. The current stimulus bill is filled with violations of our free trade agreements. We are fighting with both Canada and Mexico over our violations as we speak. Foreign does not have to mean foreign built. They could specify foreign nameplates assembled in the USA. Which makes more sense than supporting foreign manufacturers.
#1378 of 4110 Re: What happens to dealers that jump the gun? [gagrice] by jeffyscott Jul 03, 2009 (6:19 am)
Replying to: gagrice (Jul 02, 2009 7:33 pm) *The Congress handed over the authority to the NHTSA to administer.* Did you expect that congress, itself, was going to run this program . Every law that is passed is implemented by some agency or other in the exective branch, developing administrative rules that interpret the law and develop the details that the law requires. For example, this law says: For each eligible trade-in vehicle surrendered to a dealer under the Program, the dealer shall certify to the Secretary, in such manner as the Secretary shall prescribe by rule,...
#1379 of 4110 Re: question regarding this program. [dtownfb] by mkunze Jul 03, 2009 (2:07 pm)
Replying to: dtownfb (Jul 02, 2009 5:25 pm) I wish they would have some good rebates along with the C4C money but I predict that won't happen. The companies will just wait until C4C is over before the really good rebates will come out. They don't give rebates unless they have to. Replies to this message: 100chuck (Jul 03, 2009 2:27 pm)
#1380 of 4110 Re: question regarding this program. [mkunze] by 100chuck Jul 03, 2009 (2:27 pm)
Replying to: mkunze (Jul 03, 2009 2:07 pm) If you're willing to purchase an 09 model I sure you can find some deals.