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Smart Shopper Cash for Clunkers - Does it Work for You?
2647 messages, Last post on Oct 01, 2009 at 6:33 PM
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I Traded My Clunker and Bought a....?
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Replying to: gagrice (Sep 22, 2009 10:34 am) Whoa, whoa, whoa. We've been spoiled by a buyer's market for years. Dealers are squeeking by on service profits alone because everyone was getting their car at cost (and even getting the holdback). For the first time in years dealers can actually get a small profit, and that's a problem? Then your friend decides to buy anyway? And he puts the blame on someone else? This is supply and demand at its finest. If he thought it was a problem, he should not have bought the car, the market would bring the price back down if enough people did that. It's not a problem, it's supply and demand at work. He should have bought the car when it was $1500 cheaper.
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Replying to: ateixeira (Sep 22, 2009 12:45 pm) 
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Replying to: stickguy (Sep 22, 2009 8:13 am) I don't know if you're in the auto business or not but from our experience as the largest recipient of turn-ins in our market and the 2nd largest in the state of VA the people that took advantage of the program were the very ones targetted. These were the well-to-do and well-organized who normally would NOT have traded in their clunker .... except that the deal was too good to pass up. Many just paid cash for the difference. This money went into the national economy. It was the very definition of stimulus. The Feds offered up ~$4000 on average and the consumer took $15000 to $25000 out of their own pockets. If they had to add full insurance then that's simply another benefit to the economy as a 'stimulus' measure. Insurance companies got a boost as well. For those that didn't pay cash again our experience was that the typical buyer was older, conservative and well-financed. The banks and lenders got the advantage of placing loans with these highly desirable consumers. This improved the loan portfolio's of the various lenders. Again the reiterate, this was probably one of the best-designed shortterm programs I've ever seen from any government. Also we got all our money.
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Replying to: gagrice (Sep 22, 2009 1:39 pm) |
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Replying to: kdhspyder (Sep 23, 2009 5:42 am) |
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Replying to: kdhspyder (Sep 23, 2009 5:54 am) |
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Replying to: gagrice (Sep 22, 2009 1:39 pm) It's his own fault! 100% blame goes to him. Supplies dwindled and are still recovering now. In a month, two tops, prices will settle back down, as supply reaches normal levels again. Didn't mean to shoot the messenger, it's just that my pet peeve is people that do not take personal responsibility for their actions/decisions. If Person A thinks movie tickets are too expensive, then don't go, or at least go to a matinee or something. Don't buy tickets to a sold out Friday night debut and then complain that it's crowded and the ticket prices are high. DUH. They're high because Person A is still willing to pay, and it's crowded because there are enough people like that who choose to go!  I find the complaining ironic, even absurd. For the record, I buy discounted tickets in advance ($5.50 or $7 instead of $10), and go on Wednesdays when Movie Watcher members get free popcorn for each ticket purchased. Person A would foolishly pay $10 for his ticket, $4 for a small popcorn, and whine about it the whole time. For less than half that amount I watch the same movie in a theatre that isn't crowded to boot. With free popcorn. Apply the same smarts to car buying, I say. Don't buy that hot new model that just came out, we all know it will cost 10% less in a month or two, 20% less after a year when rebates appear. And if you don't, at least don't complain. |
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Replying to: kdhspyder (Sep 23, 2009 5:54 am) You're kidding right?
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Replying to: ateixeira (Sep 23, 2009 6:40 am) I find the complaining ironic, even absurd. Well said!!! |
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Replying to: ateixeira (Sep 23, 2009 6:40 am) Where, if you'd be so kind ateixeira, is the "Free Popcorn Wednesday" theatre's you mentioned? By chance is it a national chain or a local-yocal one-of-a-kind? I view movie's exactly as you..for those worth going to see on the big screen that is which is becoming more and more rare these days btw. Always off hours, never crowded, at my convenience. But for free popcorn, I gotta amass "points" on my movie card (Regal Cinemas) for the free stuff after having spent so much beforehand. TIA Joe PS Just can't replicate at home the buttered popcorn at the movies. Bucket of course. Layered! 
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