Cash for Clunkers- Vette

[LXtasy]

http://www.youtube.com/watch?v=qTYL-h5_hb4

I could have used that motor for a "motor swap". Man, I really hate that program. Can't wait for all those dealers to get their checks from the gov'ment

[Jeff]

Wow that Vette isn't worth more than $4500 ?

[LXtasy]

FAIR condition TRADE IN with 100,000 miles for a 90 is $4400. But that looked to ME to be in better condition than fair. But to me, that car would get more than that without this C4C program going on right now.

[perm102]

Maybe this truck has 1 million miles and would break down everyday but it sure looks pretty nice to go for cash for clunkers.

http://www.youtube.com/watch?v=15i5tA72cqw

[FSTPOON]

WHY???? Labor rate at Marathon Chevy is 97 bucks an hour.
Did these guys have anything better to do than destroy cars?
I bet those guys work for Jeff Creech.

[Illusions]

As we all look at the type of vehicles traded in, I'm beginning to feel that CLUNKERS is not the appropriate name for these cars. CLUNKERS are NOT being traded in. resellable used vehicles are. Have we seen a decrease in the vehicles that would actually classify as a clunker on the road. NO those POS's are still there polluting the enviroment. They should stick a sniffer in the exhaust and if it would fail emissions tests and be unrepairable, then give the cash for clunkers check. all this program is doing is pulling good used cars off the market. the trash is still out there.

I think I'm going to be sick. I can't wait for this program to be done with.

[clubracergt1]

Good idea, Sr. And, originally, this program was know as "Cash for Guzzlers". I guess the media decided it needed to be more controversial, so they changed the name.

[Ballaholic29414]

You cant blame the program you got to blame the people who trade their car in for cash for clunkers. I know some people who traded in REAL CLUNKERS to this program and got alot more money than the car are worth.

That 2000 Ford F-150 may have looked good from the outside, but it could of had 200-300 thousand miles on it and if it did they got out of it on a good note.

[Illusions]

the 2000 ford 150 could also had only 90 - 100,000 miles too.

[Dave]

The only reason your still seeing clunkers on the streets, is because the people that are driving them, can't afford a new car note. They are just getting by with what they have, even if you give them $4500 off a car that is $13k, a $200/month + more insurence for full coverage on a new vehicle. Some people just can't afford to do it even if it sounds like such a great deal. So, your getting people that CAN afford it and those are the people with money and so so clunkers, I would say borderline clunkers.

I was wondering about what cars are being bought on this program? I know that the cars that are being traded in have to get less then 20 mpg, but are they buying cars that get less then 20 mpg? I am all for a program that is going to take gas hogs off the street, but if your replacing them with gas hogs, what's the point? I would have loved to traded my CRX in on a honda insight!!!

[Mike]

The purpose behind the program was to jump start auto sales. That's it. The "green" part of the bill was just an added bonus

So instead of giving the Manufacturers more money, they decided to give it to the dealers & consumers. From what I hear the program is working.

The cry babies need to shut the hell up, they are just cars. You act like they are killing your next of kin.

[Ballaholic29414]

Originally Posted by Mike

The purpose behind the program was to jump start auto sales. That's it. The "green" part of the bill was just an added bonus

So instead of giving the Manufacturers more money, they decided to give it to the dealers & consumers. From what I hear the program is working.

The cry babies need to shut the hell up, they are just cars. You act like they are killing your next of kin.

I agree

[Whaler]

Originally Posted by Mike

The purpose behind the program was to jump start auto sales. That's it. The "green" part of the bill was just an added bonus

So instead of giving the Manufacturers more money, they decided to give it to the dealers & consumers. From what I hear the program is working.

The cry babies need to shut the hell up, they are just cars. You act like they are killing your next of kin.

Yeah, it's working alright. Read attached article:
http://articles.moneycentral.msn.com...s-dealers.aspx

If the clunkers program was a business, it be a failure. The dealers can't collect from the gov't. Used auto parts people will be hurt. There is a value in having these clunkers in a junkyard. The motors, car parts ect... are worth a lot more than scrap metal. Some of those cars may need to be scrapped but most could be used for parts. In the end, they are giving the manufacturers money, no matter how you disguise it. I'm glad my tax dollars can go toward this wonderful program. No crying here, but can't believe the waste.

[LXtasy]

hey guess what mike. there are good vehicles being destroyed while the real clunkers are out there. if someone traded in a precious lightning you may see where most are coming from. nice cars thAt are in better shape than you will find on a used lot are being destroyed. i guess you were never taught ;one mans junk is another mans treasure.

[Mike]

Originally Posted by Whaler

Yeah, it's working alright. Read attached article:
............: No crying here, but can't believe the waste.

I disagree!!

Sounds like your crying to me.

Working for G.M.

I guarantee you the dealers having problems, are just trying to screw the system, just trying to get more than they should. Never trust a car salesmen.

[Mike]

Originally Posted by LXtasy

. if someone traded in a precious lightning you may see where most are coming from. ........

I hope to see all the lightnings destroyed except mine. There are just too many now. I remember when I was the only one with one at Dorchester, now there is always 3-4. shit pisses me off.

[Whaler]

Originally Posted by Mike

I disagree!!

Sounds like your crying to me.

Working for G.M.

I guarantee you the dealers having problems, are just trying to screw the system, just trying to get more than they should. Never trust a car salesmen.

No crying. Just want to provide you with "real life facts". I ain't buying a new vehicle but am glad to help those who are. God help our children.
This article is in today's paper, a very liberal paper at that. I highlighted a few sections. I guess the 2% reimbursement rate proves how bad these dealers are.


Dealerships waiting for payback
Federal reimbursements flow barely at a trickle
By Warren Wise
The Post and Courier
Thursday, August 20, 2009


Keith Roberts' car lot is full of clunkers.

That's because he's waiting for the federal government to reimburse him for the 50 gas-guzzling vehicles traded in under its surprisingly popular Cash for Clunkers program.

Hoover Dodge Chrysler Jeep in Summerville has 50 clunkers waiting to ship to the scrap heap.
Roberts, general manager at Hoover Dodge Chrysler Jeep in Summerville, has lots of new cars too. But he's holding onto those old trade-ins until the feds ante up the money they promised under the program, officially the Car Allowance Rebate System program.

The program offers up to $4,500 to shoppers who trade in gas guzzlers for more fuel-efficient vehicles. Dealers pay the rebates out of pocket then must wait to be reimbursed by the government, but administrative snags have created a bottleneck in unpaid claims.

Of the 50 clunker deals Roberts has made since the program started July 27, he hasn't received a single reimbursement.

"We are on the hook for the money until the government pays up," he said. "We are holding onto the clunkers until then."

An informal survey from the South Carolina Automobile Dealers Association of 104 of the 290 dealers in the state earlier this week showed 2,331 clunker deals so far under the $3 billion federal incentive program to drive gas hogs off the road and stimulate car sales.

The federal government has sent back money to dealers for only 36 of those deals among the dealers who responded to the survey, said Pat Watson, the association's executive vice president. That's fewer than 2 percent of all clunker deals.

"A number of dealers have started to worry about not only when they are going to get paid but if they are going to get paid," Watson said Wednesday. "We would like to have a drop dead date. If a deal is done before this date, it's going to be paid."

He applauds the government for creating a "terrifically successful" sales stimulus program for the industry but said officials need to understand that businesses need their money to operate.

"If I have $100,000 on the street that is my money and I'm paying interest on it and they are not reimbursing me, that's not a good way to run a business," Watson said.

Roberts said he's talked with friends in the car business across the country and none of them have been reimbursed either.

"There are some dealers out there that are stopping the offer," he said.

About half of the 425 members of the Greater New York Automobile Dealers Association have stopped the rebate program because they can no longer afford it, said Mark Schienberg, president.

With less than two percent of dealers in his state being reimbursed as well, many have been left short on cash, Schienberg added.

Dealers claim the problem lies with federal officials overwhelmed by the program's smashing success. The White House announced Monday that by week's end it would triple its work force within the Transportation Department to try to process the clunker rebates at a quicker rate.

On Wednesday, U.S. Transportation Secretary Ray LaHood assured car dealers that they will be reimbursed.

"I know dealers are frustrated. They're going to get their money," LaHood said.

He added the Obama administration soon would announce how much longer the $3 billion car incentive program will last.

Through early Wednesday, auto dealers have made deals worth $1.81 billion and are on pace to exhaust the program's funds in early September. The program has generated more than 435,000 vehicle sales.

Hendrick Honda on Savannah Highway has been among the luckier dealers to be reimbursed.

Of the 100 clunker deals it has made, the West Ashley dealer has been reimbursed for 10 of them, said Tony Beasenburg, new car sales manager.

Still, Beasenburg said Honda officials told the dealer to proceed with sales but to do so cautiously.

"We may be cutting the program off before the government cuts it off because they are not flowing with the money," he said of the federal incentive that's set to run through Nov. 1. "It's kind of put brakes on itself because the government is not funding it and flowing the money like they said."

Beasenburg said Hendrick Honda normally carries a 90-day supply of inventory on its lot and is down to a nine-day supply. He's afraid some dealers might run into trouble next month when the 2009 models are gone and the 2010 models haven't arrived.

"September will be an ugly month on the new car side because we won't have the new car inventory," he said. "We will be hit with a gap."

[Harry]

Imagine that. Possibly another busted program from Obama.

[soccerspike15]

i was at marathon today picking up some parts, and the guy told me they havent tore up any motors in any of their cars yet until they get paid for them, cause if they dont get paid for them then can be sold or traded still with a running motor

[98Camarod]

Originally Posted by soccerspike15

i was at marathon today picking up some parts, and the guy told me they havent tore up any motors in any of their cars yet until they get paid for them, cause if they dont get paid for them then can be sold or traded still with a running motor

That's what all the dealers should have done. It seems like common sense to me