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Old 07-28-2009, 11:27 PM   #1
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Default Cash for Clunkers

Anybody else taking advantage of this program? We did. We have several older vehicles, all in great shape, but it was time to get rid of my 1990 GMC Suburban that I've had since my kids were babies. (I also have a newer Chevy Z-71 that I drive, and we have a couple of older Corollas that Bob or one of the kids drive).

We went from this:
dscf2003.jpg

To this:
dscf2008.jpg
That's a Hyundai Elantra that I bought last night.

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Old 07-28-2009, 11:35 PM   #2
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If I could afford a car payment right now I'd totally do it. Nice score Yoops!

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Old 07-28-2009, 11:37 PM   #3
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We checked, but our car doesn't get poor enough mileage to qualify for the program even though the car we'd replace it with would more than double it.

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Old 07-28-2009, 11:43 PM   #4
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Yup, downsizing from a nissan quest minivan to a chevy hhr for my wife. I'll continue to drive by bright orange volkswagwn bug!

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Old 07-28-2009, 11:49 PM   #5
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This brings up a point... some people wont be paying cash for thier new cars, so more people will be going further into debt because they see this as a "deal". Shoot, if I got 50% off a new car/truck I still wouldnt do it, because the way I see it, I am STILL spending money that I dont need to.

Wouldnt it then, if people think like this, mean that the only people buying cars under this govt deal, were the ones going to buy them anyway, thus not doing anything for the economy except spending tax $$?

If not, wouldnt it then mean that people are perpetuating thier debt because they werent going to buy a new car, but see this as a "deal" that they cant pass up?

I guess I see the buyers coming from two camps:

1. People that were going to buy a new car anyway, so they just get a tax payer subsidized auto now, which doesnt further stimulate the economy, only deepens our national debt.

2. People that werent going to buy a new car because they didnt need one, but they will now because they see it as a deal. This is bad because they are spending $$ that they dont need to, but now will because they see this as a "deal" or "free money"... probably uncurring debt that they didnt have before getting this new car.

Dunno how I feel about it.

Still, cool cars... glad you all could take advantage of the deal

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Old 07-29-2009, 12:00 AM   #6
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Howzit go in the snow?

I guess you will find out next month.

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Old 07-29-2009, 12:02 AM   #7
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I don't care who you are, that right there ^^^^^ is funny!!

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Old 07-29-2009, 12:04 AM   #8
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Quote:
Originally Posted by The Pol View Post
This brings up a point... some people wont be paying cash for thier new cars, so more people will be going further into debt because they see this as a "deal". Shoot, if I got 50% off a new car/truck I still wouldnt do it, because the way I see it, I am STILL spending money that I dont need to.

Wouldnt it then, if people think like this, mean that the only people buying cars under this govt deal, were the ones going to buy them anyway, thus not doing anything for the economy except spending tax $$?

If not, wouldnt it then mean that people are perpetuating thier debt because they werent going to buy a new car, but see this as a "deal" that they cant pass up?

Dunno how I feel about it.

Still, cool cars... glad you all could take advantage of the deal
Yeah, I know where you're coming from. We don't do debt, so we only bought a car we could afford. With the Hyundai rebates, and the CARS program, we paid $9400 for this car. There were some other great deals, but I really didn't want to spend more than $10,000. Even with tax, title, license, etc, it was a tad under $10,000.

We weren't going to buy a new car- but were thinking about getting a good used car in the next couple of years. But we decided that it was time to get rid of the gas-guzzling Burb, and then when both kids go to college next year they can take the older Corollas.

The funny part is that my old Suburban ran like a dream. In the last 10 years, I haven't spent any money on it at all. It ran great, and was a great vehicle for our family. But we bought in back in the days when gas was cheap and we often pulled a big camping trailer. I feel kinda bad that it's going to be destroyed.

I don't feel like I need to defend taking advantage of my share of the stimulus pot- after all, in my income bracket, much of our income goes to taxes to support the underpriveleged. I've been an American taxpayer for over 30 years. Longer than most of you have been alive, I've been working!
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Old 07-29-2009, 12:10 AM   #9
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Quote:
Originally Posted by EdWort View Post
Howzit go in the snow?

I guess you will find out next month.
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Originally Posted by enderwig View Post
I don't care who you are, that right there ^^^^^ is funny!!
Very funny. One of the options is to get it with skis. So it will work great in the snow.

It was in the low 40s a couple of days ago. Oh, last Sunday, we went on a little cruise on Lake Superior. Here's a picture (complete with winter coats!):
dscf0723.jpg
So, snow in August? yeah, maybe so!
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Old 07-29-2009, 12:13 AM   #10
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Forget about the cars...does Yoop look great in a t-shirt and jeans, or what?!?

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