Cash For Clunkers : Supended : No More Cash

[Fussion101]

Let's hope they secure more funds by next week when my prius arrives at the dealer. Otherwise it looks like there wont be a prius for me anymore.

[DianneWhitmire]

<------------------- clueless.
And, buried with frantic calls from folks trying to buy Prius tonight.

[Welshdog]

Originally Posted by Fussion101

Let's hope they secure more funds by next week when my prius arrives at the dealer. Otherwise it looks like there wont be a prius for me anymore.

Let's hope the funds are secured before Congress goes on recess. Otherwise it could be weeks before things get fixed.

BTW they go on recess TOMORROW!

[Tech_Guy]

Originally Posted by DianneWhitmire

<------------------- clueless.
And, buried with frantic calls from folks trying to buy Prius tonight.

LOL... Thanks

You have confirmed my suspecions of the Cash for Clunkers program as an effective method for the government to stimulate the economy.

I asked the question from a general business perspective. The last couple of years I've become absolutely facinated by macro-economics of the U.S. Economy, especially in several market sectors. (I have a vested interest as it appears that my self-funded retirement program is closely coupled to the U.S. economy - just like millions of other Baby Boomers.)

Keith

[Southern Yankee]

U n b e l i e v a b l e...........

My daughter is picking up a Prius early next week. Thank goodness we just gave up and are going to just sell her old car instead.

She has been driving a 97 Jeep Cherokee the past three years as she finished college. We wanted to trade it in on the CfC program, but I'm in North Carolina, and she is back in New Mexico where I used to live. The car was still in my name, so if we did a CfC deal, it was going to be complicated, and none of the dealers around her knew the details or if we could even do it unless I bought the car in my name again. She found a 2010 model III she wanted that is coming in anyday, but they wouldn't hold it unitl I got there. I am going back out there next weekend, and that is when we were going to try and do the deal. I told her to just skip it and I will front her the 4500, the same as the CfC, and she can sell the Jeep later. If she gets more than that, she can keep it, if not, I will eat the difference.....

I'm looking at getting one myself, but I have a 2001 Passat that is worth more than the CfC program, and my wife has a 99 4Runner that is worth more than it too, so we were looking at just doing a regular trade in....

[fuzzy1]

Originally Posted by Tech_Guy

How in the world could The Government be out of money ? ...

The program is not open ended. It was authorized to spend only $1 Billion.

[DianneWhitmire]

It effectively quadrupled my Toyota business personally for the last week. I do about 1/5th the business at my store and we're all affected in the 3x, 4x upswing.

But... did we as a country even HAVE the money?

Originally Posted by Tech_Guy

LOL... Thanks

You have confirmed my suspecions of the Cash for Clunkers program as an effective method for the government to stimulate the economy.

I asked the question from a general business perspective. The last couple of years I've become absolutely facinated by macro-economics of the U.S. Economy, especially in several market sectors. (I have a vested interest as it appears that my self-funded retirement program is closely coupled to the U.S. economy - just like millions of other Baby Boomers.)

Keith

[Welshdog]

We gave the dealer $1000 on July 10th to order the car. I assume I can cancel the order and get that back?

[fjpod]

Actually, I'd be glad if CfC is over, because I don't have a clunker and I would like to get a Prius, but I kept tripping over the hordes of people running around the dealer showrooms.

Wouldn't you know, I junked a 95 rodeo about 8 weeks ago, because I had to. Talk about a gas guzzler. I got $250 for it at the junkyard. I thought I did pretty well. then a few weeks later I found out I could have gotten $4500.

[Tech_Guy]

Originally Posted by DianneWhitmire

It effectively quadrupled my Toyota business personally for the last week. I do about 1/5th the business at my store and we're all affected in the 3x, 4x upswing.

But... did we as a country even HAVE the money?

WOW!!! That is absolutely amazing. If your dealer's experience is even somewhat close to other automobile dealers (not just Toyota), it is difficult to comprehend that just one government program could radically affect the economics of a huge industry in such a short period of time.

In response to your other statement - "But... did we as a country even HAVE the money?", Unfortunately the answer is No. How the government funded this program (like most other spending programs) is another (dismal) discussion.

Thanks again,

Keith