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Cash for Clunkers Program
- Thread starter bigtravis
- Start date
It's already suspended. The auto industry isn't all that important it seems. Lets bail out some more crooked banks instead!
i had heard that as well. but why are they still advertising for it/
S
shrimp poboy
Guest
So what if your clunker is worth more than the 4gs or whatever they are giving
then you don't use the clunker program. It would strictly be a "normal" trade in.
S
shrimp poboy
Guest
What if i found a title to an old flooded katrina car could i use that?
empirebuilder
New member
It must be in working order and also have proof that it has been insured and licensed for at least one year prior to trade. Prevents situations like a flooded car and so on.
Probably shady car dealerships using it to get people on the lot.
Where's Mitch to defend his profession?
he's busy pulling together the funds to pay off his cell phone bill and my tax bill, if he knows whats good for him, fucker owes me 82grand
lol
Nothing to defend, and you just wait. Your POS lexus isn't going to last much longer.
lol! It's not my bill beeyotch!
You still haven't gotten my check though? Hmmm...It must have gotten lost along with chris' xmas present.
u shut yo mouf!!!
put it out of its misery already
who would do that?
Razorguns
Well-known member
It's a FANTASTIC program to reduce the amoutn of used cars in the used car market - which poor people usually buy from. And raise prices of such used cars. Encouraging poor and middle class peopel to avoid used cars and buy new cars and take on new auto debt. More Debt = Wall St Investors happy. More car sales = Auto Execs happy. New Cars = Auto Insurance companies happy. Debt-increased citizens? Who gives a shit.
r
r
You're wrong.
It's a program to get the POS off the road. The max you're gonna get by doing the CARS program is 4500. Anyone that has a car that's worth more than that won't use the CARS program.
I don't know about you, but you can't find shit for a decent car under 5000 anymore. So it's not affecting the used market in that respect.
The only way some people will suffer are the ones that need a new car, qualify, but still can't afford a new car.
In addition, Since this C4C has started, I have been so fuckin' busy my head is spinning. I personally sold 4 on friday, and 5 more on saturday.
Razorguns
Well-known member
Who do you think buy $3-$4,000 cars? Take a wild guess.
You seriously think jose from mexico or dwayne from inglewood can afford a $25,000 prius?
r
mrplunkey
New member
First it uses money we don't have. So we print the money and write an IOU to the federal reserve.
Then it takes cars in working order that are already paid off and exchanges them with nice, new shiny cars funded mostly with debt. Irresponsible credit use got us into this mess, and it perpetuates this behavior.
Then it takes that old clunker out of circulation so no poor person can accidentally buy it and use it to help secure a job.
And then the car is immediately destroyed, insuring that none of it's parts could ever be constructively used to help someone else keep their existing car working.
And finally it goes into a landfill, where it can live for the next couple thousand years.
By government standards, that's a win-win-win-win situation! And the beauty of it is, this is among the best-spent of the stimulus money.
Then it takes cars in working order that are already paid off and exchanges them with nice, new shiny cars funded mostly with debt. Irresponsible credit use got us into this mess, and it perpetuates this behavior.
Then it takes that old clunker out of circulation so no poor person can accidentally buy it and use it to help secure a job.
And then the car is immediately destroyed, insuring that none of it's parts could ever be constructively used to help someone else keep their existing car working.
And finally it goes into a landfill, where it can live for the next couple thousand years.
By government standards, that's a win-win-win-win situation! And the beauty of it is, this is among the best-spent of the stimulus money.
When's the last time you went and checked out a $3,000 car? 99% of the time they're total POS's and shouldn't be on the road anyways.
The idea behind it is to get those gas guzzling polluting POS's off the road. That's why when you trade them your new car has to get X amount of gallons more fuel mileage than the one you're trading in.
There are still plenty of cheap piece of shit cars out their for jose and dwayne. Hell, don't believe me? just look in puddles driveway.
So did the Iraq war...but it kept Americans safe! how, I still haven't figured out.
Razorguns
Well-known member
When you can understand how supply and demand affects prices let me know. I can't debate these topics without basic financial concepts understood. You probably don't even know what the term "secondary market" means.
r
mrplunkey
New member
Yes, by all means justify new deficit spending with old deficit spending. Wasted money is wasted money,
Supply and Demand? LOL...I work in the auto industry bro, I see market prices all day everday of autos. This isn't going to affect the used market at all. It's actually going to help it.
Razorguns
Well-known member
I'm not talking about the auto market. I'm talking about dwayne and shaniqua with no job and bad credit from inglewood. You know, the people who voted for obama. hahahaha.
r
Yes, by all means...berate the other party for doing the same thing your party did.
mrplunkey
New member
I'm an equal-opportunity berater.
Bush was a moron for not getting paid up front for invading Iraq. He should have agreed to carpet bomb and crush the military over a 90-day period, then sell the pieces to Saudi Arabia, Kuwait, Turkey and Iran for a cool trillion. I bet we could have made at least $250B on the deal -- maybe more.
Because Bush makes a spectacularly bad decision, we're supposed to double-down on bad practices? Bush was clearly a moron when it came to bail-outs and for his failure to crack-down on the fannie/freddie mess. Does that mean we need to remain morons now?
redsamurai
Banned
stick with the medical supplies industry, your knowledge of humans and their interaction with each other is so mind numbingly lacking that you should be verboten from uttering any of your brains musings on any sort of political topic. In this regard you are a moron of epic proportions. I can't honestly beleive that you spent more than 3 seconds contemplating the above paragraph. If you did, than all your education was apparetnly you just jumping through hoops to get a piece of paper. The experience was useless, worth less than the paper your degree's were written on. If you were not under the influence of some sort when you did this, you are an abhorrent human being who should be given a tiny little island in the middle of the ocean somewhere and left to contemplate life on your own devices for survival.
But I would settle for god right now materializing a big greasy penis sausage behind you and slapping you with it so that it wraps around your head and over your mouth. God if that could only happen. It honestly should. It should follow you where ever you go too. Just a giant shwanz hovering behind you waiting for you to open your mouth and say something incomprehensively stupid. Watching your learing curve on that would be UBER fascinating.
mrplunkey
New member
/yawn
He's just pissed I finally figured out how to communicate with him by typing in retard. For example, he can not read this post.
But watch -- he'll be able to read this:
He... "is"... just pissed... "that"... I figured out "how".... to "communicate"... with him... by learning.... to "type"
"in retard"... he "can"... read ... as long "as" .... you don't ... use... "paragraphs"... either.
redsamurai
Banned
And you're pissed I've now seen video proof of your pasty white dooshness. Apparently you shouldn't have spread your name around here cause the person who emailed me that video "really" "really" "really" wanted me to post it. And nobody here would beleive who that person was. Apparently you're even less liked here than I had any idea. I get the impression you've made a douche of yourself in different parts of this site.
/yawn
He's just pissed I finally figured out how to communicate with him by typing in retard. For example, he can not read this post.
But watch -- he'll be able to read this:
He... "is"... just pissed... "that"... I figured out "how".... to "communicate"... with him... by learning.... to "type"
mrplunkey
New member
See! I told you he could read it.
[red_retard]
... "see"...
... I "told"... you he could... "read" it... [/red_retard]
video?
Why do they need to be in working order if they're just going to junk them? Is this program really that fucking twisted?
mrplunkey
New member
It was the government's way to protect against fraud and abuse. If the cars weren't working, you could simply raid a junkyard and collect $4,500 relics.
I believe the car had to be owned at least three years too and insurance paid for the last year (I may be wrong on that one). That's another way the program discriminates against the poorest Americans -- think about how many very low income people let their insurance lapse for at least a brief period of time.
The poorest Americans can't afford a new car anyway. Stop hatin, homey! If you can't afford insurance you can't afford a car payment.
Charles Territo of the Alliance of Automobile Manufacturers
Last edited:
redsamurai
Banned
video?
I'm not going to do it, you can get banned. He certainly doesn't look like he does in his profile, tell you that much...
It looks like Dbol face. WHy you would get infront of a tv camera looking like that is beyond me. And no fake bake either, dude is whitey. Pasty, bloated and all around dooshed isn't a good look to be sporting on camera. I guess he just didn't learn that he's never going to crest 205 without looking like a pig.
Razorguns
Well-known member
hahaha. No shit.
Why do stoopid americans always think these things are about them? It's not! It's another program to help separate them from their wallets, and increase debt. Remember a couple years ago when banks got together and did the same thing with your houses.
That worked out well didn't it?
"CNN. News: July 2010. American Late Car Payments at new high. Dow Jones falls 5% on news. Dollar falls on report of higher consumer debt".
r
I'm not going to do it, you can get banned. He certainly doesn't look like he does in his profile, tell you that much...
I like my wimminz all white and pasty.
and under 200
she's has to be less than half your weight
mrplunkey
New member
So anyone carrying a note on a car has car insurance? Are you serious?
No, are YOU serious? I said car payments are usually more than the insurance payment on said car. If someone can't afford the insurance they surely can't afford the car.
Only a Vandy grad could add 1 + 1 and arrive at zero like you just did. I neither said nor insinuated anything even remotely close to what you alleged.
mrplunkey
New member
People choose between car payments and insurance payments every day. If you drive without insurance, you only get caught if you are pulled over or in a wreck. And if you do get caught, you can usually provide proof of insurance after the fact and get off with a fine and/or court fees.
If you miss a car payment, a not-so-nice guy comes to take your car. It's a no-brainer to most people.
You don't have to be a Vandy grad to understand that one.
Razorguns
Well-known member
And these are the people you want Obama to help put into $20,000 cars right?
America, oh how I weep for you.
r
mrplunkey
New member
That's my point. We take a clunker car that's most likely paid off, and convince someone to go back into debt by buying a new car.
Then we take the $3B in cars we're going to buy, and trash them all. So we diminish our national wealth by that amount.
The irony here is that we'll probably also have more uninsured drivers and more repossessions because some of those who were incentivised are going to have to choose between a car payment and insurance now. This economy is nowhere near shedding jobs -- and the jobs that are gone aren't coming back.
redsamurai
Banned
I'm sorry....maybe I'm unaware's as to how things operate in Tennesseetucky. Here in OH, if you provide proof of insurace after the fact it kind of needs to be back dated so that they know you didn't just go out the next day after a wreck and git yoself some insurace. Does that "really" work in TN? Or are you just blowing it out your ass again? I can never tell anymore.
mrplunkey
New member
[red_retard]
In... "Tennessee"... if you get "caught"... driving without... "insurance"... you lose your "license" for a year... but what "most"... judges will "do"... is if the "infraction"... they caught you "for"... was minor... you can "pay"... the "fine"... and "court"... costs...
... then if you send "them"... proof that you are "currently"... insured... they will drop... "the" one year... "suspension"... It hits people... "who are" out of money... "really" hard... because if they "can't" buy a "policy"... they can't "drive"... for one full "year".[/red_retard]
Terrible idea. Get consumers turning in perfectly functional cars to get them to take out loans (more debt) and buy mostly foreign cars (increase trade deficit). How a program that increases debt and consumption to finance foreign purchases helps the national economy escapes me.
actually, you're wrong.
If you have a note on the car, and you don't have current insurance on it your leinholder will be notified, that is enough for them to send a "right to cure" letter and start the repossession process. It's all in the documents when you buy the car. I can if you like, post copies of said documents.
mrplunkey
New member
I don't want copies of said documents.
I want two numbers:
1) How many "right to cure" letters were sent out.
2) How many full-blown repossessions occurred solely due to lack of insurance where all note payments were being made on a timely basis.
You're the used car salesman. How many repossessions have you ever seen due to lack of payment and how many have you seen due to lack of insurance?
I can't really answer that. I don't do the repo's, and once I turn the contracts over to the bank it's theres. with the exception of some sub prime banks where there is full recourse (usually just first payment default though).
Now, with that said.
If you lapse on your insurance or cancel it the bank isn't going to come and take it the day after they find out. They will send you a letter letting you know it has lapsed and needs to be covered ASAP.
If you ignore that, and continue to drive around with no insurance you bet your ass they're going to come and take it. Just the same if you don't make a payment for 6 months you can kiss it goodbye.
You're crazy if you think the bank is going to let you cruise around in their car uninsured.
If you have a car note right now, I challenge you to cancel your insurance and see what happens.
mrplunkey
New member
I don't have any notes on my cars, but you piqued my interest with your comment. So I had to call my insurance agent.
If a policy lapses, they will notify the note holder if they have need setup properly.
The bank will then look at their remaining exposure on your loan and buy an expensive policy themselves, which is then factored into your note.
They will NOT buy you liability insurance. You are still screwed if you get pulled over or are in an accident.
I was told over the last 8 years, no car that they know of has been reposessed over failure to have insurance. But if the note that the insurance has been added to isn't paid, you're gonna lose your car.
Damn... That was knda interesting.
If a policy lapses, they will notify the note holder if they have need setup properly.
The bank will then look at their remaining exposure on your loan and buy an expensive policy themselves, which is then factored into your note.
They will NOT buy you liability insurance. You are still screwed if you get pulled over or are in an accident.
I was told over the last 8 years, no car that they know of has been reposessed over failure to have insurance. But if the note that the insurance has been added to isn't paid, you're gonna lose your car.
Damn... That was knda interesting.
I can't really answer that. I don't do the repo's, and once I turn the contracts over to the bank it's theres. with the exception of some sub prime banks where there is full recourse (usually just first payment default though).
Now, with that said.
If you lapse on your insurance or cancel it the bank isn't going to come and take it the day after they find out. They will send you a letter letting you know it has lapsed and needs to be covered ASAP.
If you ignore that, and continue to drive around with no insurance you bet your ass they're going to come and take it. Just the same if you don't make a payment for 6 months you can kiss it goodbye.
You're crazy if you think the bank is going to let you cruise around in their car uninsured.
If you have a car note right now, I challenge you to cancel your insurance and see what happens.
mrplunkey
New member
Correct -- but the question was if you miss a payment on your insurance, what happens next?
That's what we were discussing.
Correct,
and i'd be willing to bet that it varies from state to state, and bank to bank.
Heck, the amount of a deductible on your insurance will vary from bank to bank. Some only let you have a $500 max, others can be higher. I always have to make sure to check the customers current deductible on their ins. card when i'm doing paperwork to make sure it isn't higher than the bank minimum.
mrplunkey
New member
Finance companies implement a force-plan on the outstanding balance for a car, but that does not include state minimum liability requirements.
Why would a lender ever care about minimum state liability issues anyway? They want to recover the value of the car -- not make sure anyone the driver hits gets compensated.
PICK3
New member
I can't really answer that. I don't do the repo's, and once I turn the contracts over to the bank it's theres. with the exception of some sub prime banks where there is full recourse (usually just first payment default though).
Now, with that said.
If you lapse on your insurance or cancel it the bank isn't going to come and take it the day after they find out. They will send you a letter letting you know it has lapsed and needs to be covered ASAP.
If you ignore that, and continue to drive around with no insurance you bet your ass they're going to come and take it. Just the same if you don't make a payment for 6 months you can kiss it goodbye.
You're crazy if you think the bank is going to let you cruise around in their car uninsured.
If you have a car note right now, I challenge you to cancel your insurance and see what happens.
theirs
Yahoo just published some "cash for clunkers" info. Most of the sales resulting from the program are foreign auto sales. What the US government has done is subsidize American consumers with American tax payer money to help the consumer become more indebted to foreign nations.
I saw on the news this morning that Ford sales were up. Sales on the Escape were up 92% or something of that nature. Then this afternoon on the local news said that Ford was doing the most sales from cash from clunkers than anyone. Thats weird that we heard two different stories. lol. well I guess its not so stange huh
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