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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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Edmunds Cash for Clunkers Calculator
I Traded My Clunker and Bought a....?
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Replying to: volvomax (Jul 01, 2009 8:32 am) Which is why I like reading your advice as well as the other regular salesmen and finance managers that post here. I still think it's an over generalization but we still agree on the overall premise. We (kernick included) are just looking at "financial reasons" a bit differently. No biggie. Unfortunately, our obsession for shiny, new, good smelling things has controlled our society for the past several years. With the way the banks are acting (your example hits the nail on the head), we, the people, need to get our personal credit situations taken care of before buying big ticket items that require credit. I have a bad feeling that this is the new normal for banking/lending for the foreseeable future. Or until the housing market turns around. The big banks still have a lot of money invested in bad mortgages and aren't willing to take risks. Unfortunately, you all are the collateral damages of this housing crisis fiasco. |
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Replying to: joel0622 (Jun 30, 2009 5:12 am) Thanks Joel.... good info... I didn't have that yet. It seems to be all we are talking about here atthe store these days is this program. |
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Replying to: joel0622 (Jun 30, 2009 12:12 pm) EXACTLLLLYYYYYY!!!!!!!!!!! Everyone is acting like a expert, it will be interesting to see how this all unfolds. GP
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Replying to: volvomax (Jun 30, 2009 3:15 pm) Remember, in order for this program to make sense you have to be driving a broken down,nasty, POS. Most older used cars are worth more than $3500. The people driving them aren't coming in the door as it is. I was just starting tothink about the same thing Volvo.... there is a reason these people drive these vehicles.... mainly they couldn't get approved for a new vehicle loan and were stuck with these vehicles... although the money down may help a little I am sure banks will be very wary of this also..... once again very interesting  stuff will be happening GP
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Replying to: joegiant (Jun 30, 2009 5:49 pm) Nope things should be business as usual   GP |
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Replying to: dtownfb (Jun 30, 2009 7:02 pm) I wish I could do that with everyone but that is just not the way to sell vehicles. You have to go through the sales process no matter what. If you don't and you start talking about numbers up front you are selling numbers and not being a sales person! You can't sell value by talking about numbers, which means you probably won't make profit and remember that is why dealerships exist I know it is a dirty word "profit" but everyone else makes it. Why not dealers? Ya know what I love...... I love it when consumers say "oh, I want you to make a profit!" ....."I am just going to shop every dealer in town so I can get the best price" That is like saying "Can I get a Big mac, Fries, and diet coke" GP
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Replying to: greanpea68 (Jul 01, 2009 10:46 am) et tu, greenpea. Et tu!  here's a question for you guys: Do you think car manufacturers will include their own incentives with this program to sweeten the deal even more? We are getting close to the end of the model year. Will we see cash rebates or special financing along with this program?
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Replying to: dtownfb (Jul 01, 2009 10:57 am) Of course maufacturers will offer incentives.... This govt rebate is a third party... so basically nothing has changed except our "taxes" Manufacturers will still continue with incentives becasue the govt cheese doesn't change anything. There is still competition. GP |
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Replying to: greanpea68 (Jul 01, 2009 10:55 am)  I believe dealers should make a profit. how else are you going to stay in business? i also see firsthand the good work they do in a community. But I am also the person who doesn't shop for a car unless I am serious about buying and know i can afford the car. I also treat the salesman with respect too which is why my car buying experiences have been pretty good.
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This (deal) hand-out might work out well for me... I'm driving a BMW 735i, I have been beating it to death for a few years it looks good & runs fine but has no real value.. So, I'm thinking of a 4 door Honda Civic SI for around $ 19,500 - 1,250 cash from Honda - 4,500 from the Gov = around 14,000 for a new car. I have to look into this some more, But it could be a good deal for me..
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