Comments on: Now You See It… Cash For Clunkers Ends

By: Robert

Robert — Fri, 18 Sep 2009 18:56:01 +0000

Funny how quickly $3 billion can disappear, isn’t it?

By: Cash for Clunkers is Ending Soon

Cash for Clunkers is Ending Soon — Fri, 28 Aug 2009 23:01:01 +0000

[...] Now You See It… Cash For Clunkers Ends. [...]

By: SingleGuyMoney

SingleGuyMoney — Sat, 22 Aug 2009 16:23:23 +0000

I’m so glad the program is ending. I hate to even think about the number of people who purchased a new vehicle just because they were getting a rebate.

If they were planning to purchase a new car and had prepared for it financially, it was a win/win. If they weren’t, they probably just put themselves further and further into debt.
SingleGuyMoney´s last blog ..Cash is King

By: DD

DD — Sat, 22 Aug 2009 15:30:08 +0000

I take the other side of the argument.

I think Cash for Clunkers has been a success. In order to gain an improvement in mpg, the guzzlers need to get off the road. Reselling them to poor people will not help us reduce our dependence on foreign oil or help lower emissions.

With all the talk of how the recession is coming to an end, I think there will be a “keeping up with the Jones” effect. Some people will see all these new cars and they will get an itchy trigger finger and buy one as well.

If that happens then the small boost that C4C has given the auto & finance industries should continue after the rebate is long gone.
DD´s last blog ..13 Simple Tips To Make Tent Camping Easier And More Fun

By: T

Fri, 21 Aug 2009 17:17:28 +0000

Government cannot be a sponsor forever, it’s about time it stops wasting time and money on this. Is it enough that GM were bailed out but we have to spend more money on cars.

I’d like to start trading stocks and I was wondering if government will sponsor me, like if I lose they refund me the money ? I don’t think so.

By: Cash For Clunkers Ending Monday - Toyota and Honda profit much more than Ford and GM | Debt Free Adventure!

Fri, 21 Aug 2009 13:10:05 +0000

[...] the first time the cash for clunkers program ran out of money, this time it appears the end has truly [...]

By: Matt

Matt — Fri, 21 Aug 2009 12:39:11 +0000

In my opinion, Cash fro Clunkers was a failure before it even began. Yes it may have spurred half a million new car sales. But really all it is doing is taking future car sales and causing them to happen now. That’s called a bubble. As the cash for clunkers runs out of cash, the bubble pops and the dip in sales after it lasts for a long time because all of those sales were shifted.

Additionally, we should consider the unseen effects of the destruction of a half million older cars from the US fleet. What impact does this have on auto mechanics, who won’t be doing repairs on those older vehicles? How does this affect the inventory of used car dealers? With half a million less used cars for sale the price of used vehicles must increase which hurts the poor (and/or frugal) people who only buy used vehicles.

The destruction of the ‘clunkers’ is ridiculous, and paying people to destroy them even more so. It’s similar to trying to stimulate the economy by tearing down Chicago in order to rebuild it again.
Matt´s last blog ..The effects of time