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Cash for Clunkers - Does it Work for You?

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

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What is this discussion about? Car Buying, Legislation

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


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#2628 of 2647
Re: Yes and it is STILL working for me [gracenumber2] by ateixeira
Sep 24, 2009 (7:43 am)
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Replying to: gracenumber2 (Sep 24, 2009 2:19 am)

Congrats.
#2629 of 2647
Re: My dealer still not paid for my clunker since 7/24/09 [ldisler] by ateixeira
Sep 24, 2009 (7:44 am)
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Replying to: ldisler (Sep 24, 2009 4:55 am)

This is one of those BE CAREFUL WHAT YOU SIGN moments.
 
If you aren't 100% clear about it, don't sign squat.
#2630 of 2647
Re: My dealer still not paid for my clunker since 7/24/09 [ldisler] by euphonium
Sep 24, 2009 (8:29 am)
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Replying to: ldisler (Sep 24, 2009 4:55 am)

The "paper" can be altered by both parties prior to signing. If you are inclined to sign, insert the following.
 
It is understood and agreed that the Seller will not hold the Buyer responsible for any additional payments on this transaction.
#2631 of 2647
Re: My dealer still not paid for my clunker since 7/24/09 [euphonium] by ateixeira
Sep 24, 2009 (9:32 am)
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Replying to: euphonium (Sep 24, 2009 8:29 am)

Good idea, put that right above your signature.
#2632 of 2647
Re: My Tax man says NO!! [kdhspyder] by oldfarmer50
Sep 24, 2009 (3:00 pm)
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Replying to: kdhspyder (Sep 23, 2009 9:41 am)

"...It may even become an annual event..."
 
So you're just assuming it will continue. I thought you might have heard something from the government.
 
Maybe I should keep my old 85' Ford truck around for another year. I'll just hold my feet up so they don't drag on the ground.
#2633 of 2647
Re: My Tax man says NO!! [ateixeira] by oldfarmer50
Sep 24, 2009 (3:02 pm)
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Replying to: ateixeira (Sep 23, 2009 9:42 am)

"...Regal used to offer free popcorn..."
 
Regal is a monopoly in my area which owns 99% of the movie houses. So they don't give free NOTHING.
#2634 of 2647
Jacked Up Prices by berri
Sep 24, 2009 (4:46 pm)
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I've noticed that after CFC cleared out the inventory, car dealers are now advertising cars for a grand or so more than before. This is what happens when the gov decides to butt into the marketplace. Probably a good idea to sit back awhile before buying a car and let equilibrium come back to the market.
#2635 of 2647
Re: My dealer still not paid for my clunker since 7/24/09 [ldisler] by ldisler
Sep 25, 2009 (4:48 am)
Reply

Replying to: ldisler (Sep 24, 2009 4:55 am)

This was a false alarm. The paper was for a $500 rebate that Mazda had, not govt CFC cash. They couldn't get the rebate from Mazda without it. Overall very happy with this dealer on the CFC transaction. If your in NJ,NY or PA area try Hamilton Mazda.
 
PS. They must have gotten the CFC money because they no longer had my clunker.
 
Thanks to everyone for your concern on this form being signed.
#2636 of 2647
Re: Jacked Up Prices [berri] by ateixeira
Sep 25, 2009 (8:23 am)
Reply

Replying to: berri (Sep 24, 2009 4:46 pm)

This is supply and demand at work:
 
September U.S. sales will plunge, J.D. Power says
 
That's a headline from yesterday's Automotive News.
 
2 reasons:
 
* supply is low
* prices are high, so that has hurt demand
 
People are not buying at those higher prices.
 
That market has a way of stabilizing itself.
 
It's actually good because it gives dealers to re-stock and get inventories back to normal levels. 60 days' supply is the norm, and some were down to basically almost none after C4C.
#2637 of 2647
Re: Jacked Up Prices [ateixeira] by berri
Sep 25, 2009 (2:18 pm)
Reply

Replying to: ateixeira (Sep 25, 2009 8:23 am)

Its distorted and artifical supply and demand via the heavy hand of government intervention. It also led to higher sales prices (dealer margins) during its implementation period. C4C was mostly a car dealer subsidy using taxpayer monies and now shafting consumers that can't wait to buy. I also think longer term will show it just moved up demand and didn't really increase sales volume on an annual basis.

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