Car Payment Welfare - OMFG!

[Razorguns]

hahahaha. OMFG, are things that bad now that companies make payments for you if you can photocopy some documents that say you're on UI? hahaha.

Gotta tell ya, we're the first nation in history to start programs like this! $5 TRILLION to Wall St, $2BN to Hamas and Pakistan. Woo Hoo!

Job threatened? Buy a car anyway, Detroit says - Autos- msnbc.com

DEARBORN, Mich. - Ford Motor Co. and struggling rival General Motors said Tuesday they would make car payments for some customers who lose their jobs.

CEO Fritz Henderson said GM's new "Total Confidence" program will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own. Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30.

r

 

[Bikini Mod]

I gotta give up my jaguar?

 

[ponyfitness]

So basically you get $4500 off a car if you don't have a job. Man they are getting desperate to sell things.

And isn't that the same way the housing market tanked? Extending credit to people who obviously can't afford it?

 

[Razorguns]

So basically you get $4500 off a car if you don't have a job. Man they are getting desperate to sell things.

And isn't that the same way the housing market tanked? Extending credit to people who obviously can't afford it?

Then after 9 payments - said people still have no money and make no payments. And with people defaulting, back to square one we go!

The credit score system is what kept people in check, forcing them to make payments. When everyone's credit score is fucked, and businesses don't care about credit scores to lend credit -- why would people care about making payments???

Hell i'd love to buy a car, enjoy it, and then just park it outside for whenever the repo man takes it. Until then, free car baby! Don't worry kids, $12BN a month in iraq and trillions to banks will fix things. King Obama knows what he is doing.

r

 

[SpyWizard]

that's what socialist governments do for the people.. ya'll wanted change...

 

[shrimp poboy]

n b4 mitch

 

[chris302001]

so i could get a new car every 9 months?

 

[ponyfitness]

I just read Ford is doing the same thing - except it is up to $700 a month for 12 months!? That's $8000.

 

[Dial_tone]

Ford isn't taking government money....translation = not socialist. I don't see how this differs that much from companies in other industries offering "no payment due for x months" terms.

 

[needtogetarmy]

Ford isn't taking government money....translation = not socialist. I don't see how this differs that much from companies in other industries offering "no payment due for x months" terms.

+1

Someone crunched the numbers and it makes economic sense. Otherwise they wouldn't be doing it.