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| Posted: 08 Jul 2009 8:10 PM | ||
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Ben Ritter owns an '88 Pontiac Firebird that he can't wait to get rid of.
"I fill this thing once a week and don't feel like I go anywhere," he said. And thanks to a new federal 'Cash for Clunker' law, the 26-year-old from East Brunswick, New Jersey will soon be dumping the V-8 gas hog for a brand new Toyota Prius. That means switching up from trips of about 14 miles to the gallon to about 50 mpg. "I'm trading in power for practicality," says Ritter. And that is the whole point of the new 'Cash for Clunker' program that will provide federal vouchers of up to $4,500 for people to trade in their vehicles for new ones that get better mileage. Similar European programs are expected to result in 400,000 to 500,000 more new vehicle sales this year than previous years. Those who support the U.S. law believe there could be 1 million sales at a time Chrysler is in bankruptcy court and General Motors is fighting for a bailout. The law, which is also called "fleet modernization" takes effect July 24. It's goal is to stimulate the economy, cut down on petrodollars we send overseas, and slow the pace of global warming. Will it work? It appears to be in Woodbridge, New Jersey. At Samsone Auto Mall, with some 50 relatively fuel efficient models that qualify from several different manufacturers, there have been dozens of inquiries into the program, the dealership said. said Many of them have turned into sales, though delivery has to wait until the 24th. "This definitely is increasing business," according to Samsone Toyota general manager John Grillo. Ritter will use the $4500 for the downpayment, and to lower his monthly payment for a car he says he couldn't afford otherwise. Dealer Paul Samsone expects business to increase "at least 10 to 15 per cent," after a drop off of roughly 30 per cent this past year as the recession took hold. All of the clunkers dealers take in have to be destroyed, and Samsone says he has already lined up three junkyards to take care of what his salesmen take in. The federal program will pay $4500 for new cars that get at least 10 mpg more than your existing clunker, and $3500 for increases of between 4 and 10mpg. The 'clunker' can be rated at no more than 18mpg, owned for at least a year, be in running condition, and no more than 25 years old. |
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| Posted: 08 Jul 2009 8:40 PM | ||
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| They always fail to mention that the voucher is ALL you get. It's not voucher + some trade in value. | ||
| Posted: 08 Jul 2009 9:02 PM Last Edited By: henro | ||
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They always fail to mention that the voucher is ALL you get. It's not voucher + some trade in value. Most of these vehicles people will be trading in won't be worth a fraction of that if anything. __________________ Nissan Sales and Leasing Consultant
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| Posted: 08 Jul 2009 9:34 PM Last Edited By: jcchartboy | ||
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"payment for a car he says he couldn't afford otherwise" One scam to support the auto unions since they can't support themselves...and another scam to subsidize the poor for yet another thing they should not be spending their money on and can't even afford in the first place... JC |
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| Posted: 08 Jul 2009 9:41 PM Last Edited By: henro | ||
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So you're saying you wouldn't want $4500 for the '88 Ramcharger that's been sittin in the backyard collecting rust to put down on buyin a new hunting truck? I don't see where the negative's are with this at all? And I'm not just saying that because I sell cars, this is $$$ that wasn't otherwise ever gonna be there, these cars weren't going to appreciate more value? You can tell the people that missed out on this that just bought cars and traded in their POS's for little to nothing that didn't know this was coming that it's a scam and see what they say. __________________ Nissan Sales and Leasing Consultant
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| Posted: 08 Jul 2009 9:54 PM Last Edited By: jcchartboy | ||
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I don't see where the negative's are with this at all?..this is $$$ that wasn't otherwise ever gonna be there... Where the heck do you think this money is coming from??? This scam is nothing more than a handout to the poor at the expense of this country's working class and future tax payers, (ie our kids). Money did not just suddenly "appear" to pay for this program...this country is selling DEBT to pay for those cars. For what? So the workers in this country can pay taxes to service that debt so the people who receive this handout don't have to pay their own expenses? If these people can't afford these cars in the first place why in the heck should this country be going further in debt to give them something else they don't need? (Remember all of these people already own their own cars! These are not truly "needy" people...Even worse, these are people that haven't upgraded their cars on their own because they can't rationally justify the expense even to themselves...So why is it any more justifiable if someone else is saddled with those payments? The answer is..it is not justifiable either way.) JC |
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| Posted: 09 Jul 2009 5:10 AM Last Edited By: Whiskers | ||
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MSRP on a Toyota Prius starts at $22K taxes and tags, another $1500+ (thats bare bones model) your up to minimum $23,500, $4500 Obama bucks your only in debt for $19,000 that you weren't before. Now you have a $370 monthly car payment, and increased insurance payments.
jcchartboy is correct, and this is how the Dems are redistributing the wealth. Thats why you will see Corzine re-elected, and this country turn into a third world country. They wanted a Global economy there getting one, we will all be broke!! Remember the only income the government has is the the taxes, licenses, etc it collects from its subjects. __________________ 1/20/09 THE BEGINNING OF AN ERROR!!
ΜΟΛΩΝ ΛΑΒΕ |
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| Posted: 09 Jul 2009 6:07 AM | ||
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jcchartboy is correct, and this is how the Dems are redistributing the wealth. Thats why you will see Corzine re-elected, and this country turn into a third world country. They wanted a Global economy there getting one, we will all be broke!! 
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| Posted: 09 Jul 2009 6:18 AM | ||
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So you're saying you wouldn't want $4500 for the '88 Ramcharger that's been sittin in the backyard collecting rust to put down on buyin a new hunting truck? See, exactly. This "program" is was ostensibly sold as a way to help improve emissions by getting junk off the road. The fact is vehicles that aren't worth anything aren't really being driven extensively anyway and have zero impact on emissions. Folks that are driving badly tuned vehicles daily and extensively have vehicles that still retain some value. These junk vehicles targeted in this money transfer would have been crushed into a box for FREE in short order once they suffer a catastrophic failure. You can bet that a car that's not worth anything is on death's door, THAT'S WHY IT'S NOT WORTH ANYTHING IN THE FIRST PLACE!!. I have a vehicle that's worth about 4-5k and gets 17mpg. Under this program, I would get exactly that for it. That's all well and good, but I could have gotten that without this program. I just bought a WRX that gets 24mpg. Under this program, I would have been paid $3500. See the problem yet? I ended up keeping my truck because it still has utility and value. |
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| Posted: 09 Jul 2009 10:07 AM | ||
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Folks that are driving badly tuned vehicles daily and extensively have vehicles that still retain some value. and that should be covered by your vehicle emissions inspection when you get the car inspected. It doesn't pass, the car is off the road. Its all about redistributing the money from the people (that the gov't thinks has money) to those that (the gov't thinks) should have some of your money without working for it. __________________ 1/20/09 THE BEGINNING OF AN ERROR!!
ΜΟΛΩΝ ΛΑΒΕ |
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| Posted: 09 Jul 2009 2:40 PM Last Edited By: henro | ||
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This "program" obviously doesn't apply to EVERYBODY. Obviously if your car is worth more than $4500 than you don't want this deal. And there are plenty of people out there driving junk cars that are looking to get into something new that this will help. Personally I'd rather have this money in my pocket benefitting me if I wanted to buy a new car than have it go to some other fund I'll never see like protecting NJ's bear population. And the statement that most of these cars would have been crushed for free is a moot point. What would you rather have, no money or $4500? __________________ Nissan Sales and Leasing Consultant
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| Posted: 09 Jul 2009 2:51 PM | ||
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| Only one problem, we the people shall pay for this program. Half of the people who are going to trade in their vehicles can't afford a new one if it was half price. Dad always told his 10 kids "live with in your means, It's not how much you make, but how much you save". | ||
| Posted: 09 Jul 2009 4:13 PM | ||
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And pretty soon the Government will REQUIRE that loans be granted to those trading in their paid-for cars for a book of payment coupons. How many can afford the payments? Oh, it doesn't matter, the rest of us will bail them out when they default.
There is a VERY small minority for whom this makes sense: those with the clunkers who were going to buy (and can afford) a new car. |
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| Posted: 09 Jul 2009 7:15 PM Last Edited By: henro | ||
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There is a VERY small minority for whom this makes sense: those with the clunkers who were going to buy (and can afford) a new car. To give you an idea, my dealership put an announcement in the Sunday newspaper this week and on Monday alone we got 600+ phone calls in the first day inquiring about the program. There's A LOT of people that this makes sense for. I don't think you guys understand either that this program doesn't have an unlimited amount of funding for it. Once the allotted amount of funding runs out its over which will be very quick. __________________ Nissan Sales and Leasing Consultant
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| Posted: 09 Jul 2009 7:34 PM Last Edited By: jcchartboy | ||
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I don't think you guys understand I don't think you understand that anytime the government offers a handout there will always be "A Lot" of people lining up to take it... That has nothing to do with determining that this is a good use of public of debt! As for the size of this program, the size is completely irrelevant, wasteful spending is still wasteful spending. (After all, if this was a great use of tax payers dollars then shouldn't the program be bigger...not smaller!) JC |
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| Posted: 09 Jul 2009 8:00 PM | ||
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Quote: Damn and i was only asking a 1000 for my 86 F250So you're saying you wouldn't want $4500 for the '88 Ramcharger  The govt gets enough from me already, they aint getting my Ford__________________ Bordentown Deer Club..Tabernacle NJ In The Heart Of The Pines
-NRA- Established in 1871, the National Rifle Association is America's oldest civil rights and sportsmen's group. Four million members strong! |
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| Posted: 09 Jul 2009 8:16 PM Last Edited By: outdrdave | ||
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http://www.cashforclunkersfacts.com/bill-faq __________________ |
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| Posted: 09 Jul 2009 9:48 PM | ||
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All of the clunkers dealers take in have to be destroyed, and Samsone says he has already lined up three junkyards to take care of what his salesmen take in. Well, there goes the price of scrap metal! Time to sell scrap is NOW! |
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| Posted: 09 Jul 2009 10:46 PM | ||
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how come handouts to big corporations/banks,,, was good, and this is bad..
just a question,,, curiosity __________________  Git-R-Done |
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| Posted: 10 Jul 2009 5:18 AM | ||
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The cars that qualify are 25 yeras old or less. What the goverment should do is export them to Cuba. The Cubans could upgrade their old '55,'56 and '57 Chevys with an even trade-in then the US government could import and resell the Cuban cars as Classics. And for a profit! __________________ - Tired of working to make ends meet?..... Vote Democratic, support USA's largest taxpayer supported employer and urban charitable organization.
- Go Green, resubmit all your old bear hunt editorial letters rehashing the SOS. |
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| Posted: 10 Jul 2009 5:55 AM Last Edited By: jcchartboy | ||
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how come handouts to big corporations/banks,,, was good, and this is bad.. Simple... First off the payment to the banks was not a "handout", it was both equity and debt investments all of which the corporations have a legal obligation to pay back. (Which a number of them have already done so...including a payment of interest on the loans, ie. a taxpayer profit on that investment). On the other hand, this car payment is exactly what you described it as. It is a 100% handout with no repayment strings attached. Once this money is given away there is absolutely zero possibility it will be returned to the tax payers. Secondly, the investments in the bank were necessary to prevent a further deepening of the recession which benefited an enormous swath of society regardless of what socio-economic class you are in. Had several more of the banks failed the probability that numerous life insurers and variable annuity companies would have collapsed as well was extremely high. On the other hand this car payment "handout", does nothing for the average citizen and instead is targeted at a minuscule portion of society and has virtually no benefit to the average tax payer which is being forced to fund the program. JC |
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| Posted: 09 Aug 2009 9:13 AM | ||
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http://townhall.com/columnists/SteveChapman/2009/08/09/the_real_c ... __________________ Gun control is being able to hit your target
MOLON LABE WWRD Member: NRA,ANJRPC,SFFC https://themorristownteaparty.org/Home_Page.php |
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| Posted: 09 Aug 2009 9:23 AM | ||
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| to make things more interesting i just had to see what the program would do for me owning an older pick up truck. theres seems to be a shortage of vehicles on the the lots. the sales people are cocky on the phone and are of no help. they are just getting fat off the program. i feel sorry for the people. 5 years of payments. i predict in about a year many of these vehicles will be back at the dealers because of those who dug themselves deeper into trouble. | ||
| Posted: 09 Aug 2009 10:11 AM | ||
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Once the allotted amount of funding runs out its over which will be very quick. Didn't this program start out with 1 billion dollars. Then they just added another 2 billion. Who's to say they won't keep adding more money? __________________ Bear Instict
65lbs. Whisker Biscuit rest 100gr. Muzzy broadheads 3 blade UBNJ,NRA member |
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| Posted: 09 Aug 2009 2:15 PM Last Edited By: Ingalls | ||
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to make things more interesting i just had to see what the program would do for me owning an older pick up truck. theres seems to be a shortage of vehicles on the the lots. the sales people are cocky on the phone and are of no help. they are just getting fat off the program. i feel sorry for the people. 5 years of payments. i predict in about a year many of these vehicles will be back at the dealers because of those who dug themselves deeper into trouble. Great point. It will end up in the same situation as the housing market collapse. Ill wait a year till all the vehicles have been repo'd and the lots are flooded and get one dirt cheap. |
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| Posted: 09 Aug 2009 2:39 PM | ||
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Ill wait a year till all the vehicles have been repo'd and the lots are flooded and get one dirt cheap. Maybe I should look for a job as a repo man  __________________ Gun control is being able to hit your target
MOLON LABE WWRD Member: NRA,ANJRPC,SFFC https://themorristownteaparty.org/Home_Page.php |
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| Posted: 09 Aug 2009 2:44 PM | ||
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Quote: I just said this exact thing to my wife the other day to make things more interesting i just had to see what the program would do for me owning an older pick up truck. theres seems to be a shortage of vehicles on the the lots. the sales people are cocky on the phone and are of no help. they are just getting fat off the program. i feel sorry for the people. 5 years of payments. i predict in about a year many of these vehicles will be back at the dealers because of those who dug themselves deeper into trouble 
Quote: I like your thinking Frank Maybe I should look for a job as a repo man  __________________ Support those who fight for YOU
The U.B.N.J. http://www.ubnj.org/ & The N.J.O.A. http://www.njoutdooralliance.org/ Join TODAY and help make a difference 
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| Posted: 09 Aug 2009 2:49 PM Last Edited By: 230grain hollowpoint | ||
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I like your thinking Frank Actually I saw one on Craigs list, but it was Hudson, Essex and Union counties. I am not doing that unless I can get a carry permit. __________________ Gun control is being able to hit your target
MOLON LABE WWRD Member: NRA,ANJRPC,SFFC https://themorristownteaparty.org/Home_Page.php |
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| Posted: 09 Aug 2009 2:49 PM Last Edited By: Drop Tine | ||
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Maybe after all these dim witted people who just got rid of there paid off cars and bought all these new cars taking out loans they can't afford  start to defunct on the payments
There GREAT Savior president will just dump a few billion into bus passes for them next since all these people driving old clunkers who couldn't afford to buy new cars LAST YEAR, SURE WONT have a car after the bank repose the one they COULDN'T AFFORD this year either  leaving them with nothing now
Sheeple are so foolish sometimes __________________ Support those who fight for YOU
The U.B.N.J. http://www.ubnj.org/ & The N.J.O.A. http://www.njoutdooralliance.org/ Join TODAY and help make a difference
Proud to be YOUR UBNJ Bergen & Passaic County Rep. UBNJ Council Member |
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| Posted: 10 Aug 2009 12:20 PM | ||
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Quote: That's the problem with Many Americans today-they want the handout! Stop Your Begging and Start Working and Earning what you have. The auto industry bailout was bad enough-now we are bailing out those industries again-only through this program-its a joke and I'm going to have to pay for that $4,500 voucher in my taxes-I got nothing but a bigger bill because some JO wants a gay prius!What would you rather have, no money or $4500? __________________ Lord make me fast and accurate,
May my draw be smooth and unseen Let my aim be straight and my shot true, Grant me the skill to make the shots I can, The restraint to avoid those I can't, And the wisdom to know the difference, So that I may be blessed with the bounty you provide Amen The NJH Bow Hunters Prayer |
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