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Cash for Clunkers - Does it Work for You?

2647 messages,  Last post on Oct 01, 2009 at 6:33 PM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Buying, Legislation

Edmunds Cash for Clunkers Calculator
 
I Traded My Clunker and Bought a....?


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#2578 of 2647
deal by stickguy
Sep 11, 2009 (2:29 pm)
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anyway, I would love to see the paperwork on the sales agreement. I have to guess they may have to eat the trade in. oops.
#2579 of 2647
Re: deal [stickguy] by gagrice
Sep 11, 2009 (4:43 pm)
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Replying to: stickguy (Sep 11, 2009 2:29 pm)

I don't think the Feds want to have hundreds of disgruntled car buyers calling their Senators and Congress men complaining about their flawed program. The one dealer that submitted the same paperwork 7 times before it was approved sticks in my mind. What if the dealer only submitted once and gave up? If I was one of the people the dealer was trying to get money from I would tell them to keep resubmitting the paperwork until they get a person with a brain at the Federal level.
#2580 of 2647
Re: Gee [ateixeira] by buttneked
Sep 18, 2009 (6:08 am)
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Replying to: ateixeira (Sep 09, 2009 10:03 am)

It would probably have gone better, if the "intended victims" the had targeted, would have styepped up tot he plate as expected. Instead we are going to hava a bunch of cars getting repoed due to the fact that unintended targets got in the mix.
#2581 of 2647
Re: deal [gagrice] by buttneked
Sep 18, 2009 (6:09 am)
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Replying to: gagrice (Sep 11, 2009 4:43 pm)

well, from what I have gathered there were quite a few dealers that "jumped the gun " also.
#2582 of 2647
Re: Hmmm [tidester] by buttneked
Sep 18, 2009 (6:11 am)
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Replying to: tidester (Sep 09, 2009 8:28 pm)

the people that got the c4c will pay on their taxes this coming year, it will show up as income the recieved for the trade in.
#2583 of 2647
Re: Gee [buttneked] by stephen987
Sep 18, 2009 (6:26 am)
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Replying to: buttneked (Sep 18, 2009 6:08 am)

You actually don't know anything about this. Dealership personnel on this forum have reported that most of the C4C customers paid cash or had far above average credit ratings.
 
Do your homework.
#2584 of 2647
Re: Hmmm [buttneked] by stephen987
Sep 18, 2009 (6:27 am)
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Replying to: buttneked (Sep 18, 2009 6:11 am)

The C4C law specifically states that the rebate is income for the DEALER, not for the CUSTOMER. Again, do your homework.
#2585 of 2647
Re: Gee [buttneked] by lemko
Sep 18, 2009 (8:17 am)
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Replying to: buttneked (Sep 18, 2009 6:08 am)

Just call these guys in three months!
 
#2586 of 2647
Re: Gee [buttneked] by dtownfb
Sep 18, 2009 (9:07 am)
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Replying to: buttneked (Sep 18, 2009 6:08 am)

If you've tried to secure a loan in the past year, you would realize that banks have tighten things up considerably. Getting a loan is not like it was 2-3 years ago especially on a car. Ask the car salesmen on this forum.
#2587 of 2647
Re: Gee [dtownfb] by ateixeira
Sep 18, 2009 (10:02 am)
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Replying to: dtownfb (Sep 18, 2009 9:07 am)

Not just cars, mortgages too. I got a good rate, lucky timing perhaps, but the process was a nightmare compared to the streamlined re-fi I did a couple of years ago.
 
My credit score is 812, too.

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