Buyers Feel Regret as Cash for Clunkers Final Tally Is Released - GoFuckYourself.com - Adult Webmaster Forum

X

Jarmusch

Join Date: May 2003

Posts: 12479
Share

Post
#1

Buyers Feel Regret as Cash for Clunkers Final Tally Is Released

09-08-2009, 11:29 AM

Old news (14 days) but still worthy of it's own thread with a Sherlock pic.

Primary reason: They are now facing a $275-$350-per-month car payment that didn't exist prior to acquiring the car or truck," said the report. "That amount, they say, could negatively impact the total family budget more than expected prior to buying the new vehicle."

What went through these people's minds? That their clunker would cover the cost of the new car or that Obama would take care of their car payments?

Full article:
http://www.edmunds.com/insideline/do...ticleId=155907
Tags: None
Sly

Let's do some business!

Join Date: Sep 2004

Posts: 31379
Share

Post
#2

09-08-2009, 11:31 AM

I always wondered how someone that could not afford to update their clunker was suddenly going to be able to pay for a new car.

I know a couple people that did trade-ins. They had clunkers laying around that were not even in use. No money issues though.

Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted

Windows VPS now available
Great for TSS, Nifty Stats, remote work, virtual assistants, etc.
Click here for more details.
Comment
SBJ

So Fucking Fabulous

Join Date: Apr 2003

Posts: 11377
Share

Post
#3

09-08-2009, 11:35 AM

Originally posted by Sly

I always wondered how someone that could not afford to update their clunker was suddenly going to be able to pay for a new car.

I know a couple people that did trade-ins. They had clunkers laying around that were not even in use. No money issues though.

yup no shit.. now we are going to have tons of cars repoed in the near future of all these people that had no biz buying a new car and they will blame it on the government

**Chaturbate - Make tons of money from Cams!**
***Name Silo - Domains under $9 and free ID protect***
Comment
pr0

rockin tha trailerpark

Join Date: May 2001

Posts: 23088
Share

Post
#4

09-08-2009, 11:35 AM

If there was no one to take advantage of the working class, we'd have no ruling class

We're going to squeeze every last cent out of the lower-middle class. Retirement is becoming a myth....& the young middle class planning on becoming rich one day, through proper/safe investments are now going to finish out their lives in a trailer park.

People today are far too timid & afraid of their government to spark a revolution. So this path we're on....will no doubt continue for the foreseeable future.

__________
Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)
Comment
GrouchyAdmin

Now choke yourself!

Join Date: Apr 2006

Posts: 12085
Share

Post
#5

09-08-2009, 11:36 AM

Originally posted by Jarmusch

What went through these people's minds? That their clunker would cover the cost of the new car or that Obama would take care of their car payments?

Thank god some of their payment was supplemented by my tax dollars - just another socialist experiment at work!

At least I can get a low-miles car at a decent price for the winter months.

AIM: GrouchyGfy
Comment
baddog

So Fucking Banned

Join Date: Apr 2001

Posts: 107089
Share

Post
#6

09-08-2009, 11:39 AM

You must be racist if you think cash 4 clunkers was not a good idea.
Comment
ilnjscb

Confirmed User

Join Date: Jun 2009

Posts: 8957
Share

Post
#7

09-08-2009, 12:07 PM

And they'll have it for 60 months

That sort of overoptimistic assessment of financial capability (I'll be able to pay the balloon payment, property will always go up, etc) was what got us in this mess in the first place.
Comment
LiveDose

Show Yer Tits!

Join Date: Feb 2002

Posts: 25792
Share

Post
#8

09-08-2009, 12:16 PM

Pathetic morons.

Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal
Comment
Gerco

Confirmed User

Join Date: Nov 2005

Posts: 2052
Share

Post
#9

09-08-2009, 12:19 PM

I sat and thought about the cash for clunkers, I have an 85 Checy C-10, 189k on it. It runs like new still, air still works yada yada, Good solid truck, that I use everyday. It's paid for, with what I have done to it in repairs etc I have 1200 bucks in it total. It cost me 33 bucks a month for insurance. Any new truck I would have gotten for it that would have the same usefulness would be 20k+ (Well, not the same usefulness because I would hate to toss a ton of lumber, bricks etc into a new truck and ruin it.. and that new truck would cost me about 110 bucks a month in insurance. plus have a car payment of around 400 bucks. In no way did it make any sense to destroy my good working truck, to get into a new truck that was just going to cost me a shitload of money.

Http://www.extremehole.com

**** CLOSED ****

400 HOURS of exclusive custom extreme content, already on external HD in Raw DV ready to encode.
over 150,000 exclusive images and more.
Comment
96ukssob

So Fucking Banananananas

Join Date: Mar 2003

Posts: 12991
Share

Post
#10

09-08-2009, 12:23 PM

christ what a stupid idea this was.

not only did people get into more debt than they should of, but gouged and raped by car dealerships to get into new cars that they didnt need.

my friends neighbor traded in her old Chrysler minivan to get a chevy truck. She said she regrets it now because not only does she have to make a $600/mo payment, but also her car insurance went up $30/mo. Her minivan was completely paid off, but the sales people assured her it would be a good idea to do this... plus she has a loan at 15% for 72 months!

personally i think this was an idea between the gov't and banks to fuck people even more

Email: Clicky on Me
Comment
mynameisjim

Confirmed User

Join Date: Aug 2007

Posts: 2985
Share

Post
#11

09-08-2009, 12:26 PM

The numbers in that article don't add up. Either they left out how the survey was conducted or it was just written to seem much more significant than it actually is.

jim (at) amateursconvert . com Amateurs Convert
Comment
GrouchyAdmin

Now choke yourself!

Join Date: Apr 2006

Posts: 12085
Share

Post
#12

09-08-2009, 12:30 PM

Originally posted by mynameisjim

The numbers in that article don't add up. Either they left out how the survey was conducted or it was just written to seem much more significant than it actually is.

"Idiots bad with money make poor decisions, only this time you're helping to pay for it directly. Film at 11."

AIM: GrouchyGfy
Comment
MetaMan

I AM WEB 2.0

Join Date: Jan 2003

Posts: 28682
Share

Post
#13

09-08-2009, 12:30 PM

UMMMMMM so why are the banks approving loans for people that cant afford them?
Comment
CynBabes

Registered User

Join Date: May 2007

Posts: 71
Share

Post
#14

09-08-2009, 12:39 PM

I was helping my mother in law buy a car for the past few weeks and saw some of the 'clunkers' that were being traded in, some of which I wouldn't have minded owning, like the Range Rover and Maserati, most of the clunkers were newer and nicer than what my mother in law drives (a 17 year old Eagle Wagon) but her's wasn't eligible for the program (22MPG). I get the idea most of the people could probably afford their new cars.

Dedicated - VPS - Shared Get Hosting | Smart Niche Movies An Easy Sell
Namecheap
Comment
CIVMatt

Amateur Pimpin

Join Date: Aug 2004

Posts: 13075
Share

Post
#15

09-08-2009, 12:39 PM

Originally posted by MetaMan

UMMMMMM so why are the banks approving loans for people that cant afford them?

Exactly you still have to qualify, it's not like you automatically get a new car

Last edited by CIVMatt; 09-08-2009, 12:40 PM.

Make easy money with Webcams
Comment
BradM

Confirmed User

Join Date: Dec 2003

Posts: 3397
Share

Post
#16

09-08-2009, 12:41 PM

Originally posted by MetaMan

UMMMMMM so why are the banks approving loans for people that cant afford them?

Think about it.

1. Banks go to government with this program idea knowing car manufacturers are hurting
2. Manufacturers say OMG plz do this we'll be rich!
3. Americans go OMG lets build more cars, I will get to work again, we'll be rich!
4. Banks give out loans to idiots who can't afford them
5. Within 6 months X% of people who bought these cars get them repo'd or voluntarily hand them over to the bank
6. Bank goes to auctions, sells cars
7. Banks go to government after they lose divisions due to car losses.
8. Banks get bailout money to cover the spread (which the books inflate)
9. Banks get rich
10. Everyone else gets fucked

So who are the patsys here? Government, Auto industry, and the consumer.

America is run by banks and this was a massive cash grab. In 5-11 months you will see steps 5+ on my list happen.
Comment
Sly

Let's do some business!

Join Date: Sep 2004

Posts: 31379
Share

Post
#17

09-08-2009, 12:41 PM

Originally posted by bossku69

personally i think this was an idea between the gov't and banks to fuck people even more

I've always been convinced that it was just another cash grab for the car companies.

The EPA requirements were kind of a joke. For it to truly be a program to swap in more efficient vehicles, the standards should have been much higher. Some people were improving their gas mileage only 5 miles! That's ridiculous.

People that truly drive clunkers are typically poor. They don't have money to get a new car or a newer car with better gas mileage. So what we should have done was given these poor people an opportunity to get rid of their unreliable piece of shit vehicle by trading it in for a used car with better mileage of some varying degree. This would get some real POS vehicles off the streets, it would help out the poor families that can't afford reliable transportation, and in the end it would probably amount to the same amount of gas efficiency savings, while costing much less.

Although the administration of that would have been a pure nightmare.

Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted

Windows VPS now available
Great for TSS, Nifty Stats, remote work, virtual assistants, etc.
Click here for more details.
Comment
Helix

Confirmed User

Join Date: Feb 2002

Posts: 6021
Share

Post
#18

09-08-2009, 12:43 PM

I'm now waiting for the Rebates for Repos program that is soon to be announced.
Comment
ReGGs

Confirmed User

Join Date: Apr 2006

Posts: 248
Share

Post
#19

09-08-2009, 01:00 PM

Originally posted by MetaMan

UMMMMMM so why are the banks approving loans for people that cant afford them?

Shhhhhh. Stop pointing out the root of the problem. People won't be able to blame Obama anymore. After 8 years of everyone else blaming Bush the people who voted for him need someone of their own to blame.

Last edited by ReGGs; 09-08-2009, 01:01 PM.
Comment
GrouchyAdmin

Now choke yourself!

Join Date: Apr 2006

Posts: 12085
Share

Post
#20

09-08-2009, 01:05 PM

Originally posted by ReGGs

Shhhhhh. Stop pointing out the root of the problem. People won't be able to blame Obama anymore. After 8 years of everyone else blaming Bush the people who voted for him need someone of their own to blame.

Nope. Still Bush's fault. You must be new to GFY.

AIM: GrouchyGfy
Comment
MetaMan

I AM WEB 2.0

Join Date: Jan 2003

Posts: 28682
Share

Post
#21

09-08-2009, 01:14 PM

Originally posted by BradM

Think about it.

1. Banks go to government with this program idea knowing car manufacturers are hurting
2. Manufacturers say OMG plz do this we'll be rich!
3. Americans go OMG lets build more cars, I will get to work again, we'll be rich!
4. Banks give out loans to idiots who can't afford them
5. Within 6 months X% of people who bought these cars get them repo'd or voluntarily hand them over to the bank
6. Bank goes to auctions, sells cars
7. Banks go to government after they lose divisions due to car losses.
8. Banks get bailout money to cover the spread (which the books inflate)
9. Banks get rich
10. Everyone else gets fucked

So who are the patsys here? Government, Auto industry, and the consumer.

America is run by banks and this was a massive cash grab. In 5-11 months you will see steps 5+ on my list happen.

exactly, i am asking the question because its also a root of a much deeper problem.
Comment
Rochard

Jägermeister Test Pilot

Join Date: Dec 2001

Posts: 75762
Share

Post
#22

09-08-2009, 01:28 PM

Originally posted by Sly

I always wondered how someone that could not afford to update their clunker was suddenly going to be able to pay for a new car.

I know a couple people that did trade-ins. They had clunkers laying around that were not even in use. No money issues though.

I have a 2004 Ford Explorer that recently broke down on me - first time in 90k miles. Right now I'm faced with trying to fix this old truck up, or buying a new one. I want to a buy a new one; I don't want to spend money on new tires, a tune up, and a few other things, only to have a truck with 90k miles on it that might break down. My wife wants to fix it.

It's my wife's truck, so we'll fix it.

Herschel Savage
Brooklyn, NY
Comment
SykkBoy

Jesus loves bacon

Join Date: Feb 2001

Posts: 19969
Share

Post
#23

09-08-2009, 01:29 PM

The problem with the cash 4 clunkers program: letting a crooked industry like the auto industry have access to ignorant people...

Imagine if the porn business got away with some of the shit these dirtbags do...

Support my new movie “The Second Coming”
Comment
MetaMan

I AM WEB 2.0

Join Date: Jan 2003

Posts: 28682
Share

Post
#24

09-08-2009, 01:30 PM

Originally posted by SykkBoy2

The problem with the cash 4 clunkers program: letting a crooked industry like the auto industry have access to ignorant people...

Imagine if the porn business got away with some of the shit these dirtbags do...

wait what?

i am pretty sure porn gets away with alot toooooooooo

i am liking the new squeaky clean image my sexiness has turned this board into.
Comment
pornguy

Too lazy to set a custom title

Join Date: Mar 2003

Posts: 62910
Share

Post
#25

09-08-2009, 01:33 PM

sounds like some of the webmasters around here.

PornGuy skype me pornguy_epic

AmateurDough The Hottes Shemales online!
TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!
Comment
MrMaxwell

Too lazy to set a custom title

Join Date: Jul 2005

Posts: 10057
Share

Post
#26

09-08-2009, 02:26 PM

The American people truly are now nothing more than lambs going to slaughter.
Try and wake them up, you're a r#dical.
Fuck it.
I hardly even try, any more, especially with people I care very deeply for.
They're the first to come to me with their problems, and the last to listen to me.

I would LOVE to have been able to get back in the car business in time to take advantage of all of the action that's coming.. When all of the repo action comes down BLAM you can buy shit for nothing, it's beautiful.

Same with housing, when everyone runs scared, it's beautiful.. homes worth 100k that idiots paid 200k or even 300k for you can buy for say fifty? ... Beautiful

I could make so god damned much money if I wouldn't have been not doing ANYTHING since 2003!! I've never bought anything and not doubled my money on it.. except for two times out of hundreds.. TWO times I got stuck for small amounts
Comment

Previous template Next

Working...