User Panel
User Panel
User Panel
|
Posted: 8/4/2009 4:42:20 AM EDT
[#1]
No question that CFC is a subsidy for the auto industry that depends on new auto sales for profits.
And, hey, guess who makes money when GM makes money? Should rename them Zil. |
|
|
|
Posted: 8/4/2009 4:46:26 AM EDT
[#2]
The dealers here have the same problem, a shortage of used cars for their lots. A local ex Chrysler dealer with plans to shift over will probably close his doors completely in the next week or so as he simply can't get the quality low mileage cars he wants at the auction. He had 10 cars the last time I went by and was down to 10 employees; this was one of the successful full line dealers with a recently upgraded building, and he's left with a mountain of debt.
I got the same story from a couple of other local managers at franchises; their paying more for cars at auction, and can't buy enough to fill their lots. On the other hand, the last time I checked Autotrader, there were about 10000 used cars for sale in the area described by a 100 mile radius around my Zip code. |
|
|
|
Posted: 8/4/2009 4:48:26 AM EDT
[#3]
forgot to add this was 5000.00 OVER kelley BB value.
|
|
|
|
Posted: 8/4/2009 4:49:17 AM EDT
[#4]
Quoted:
i know it's an ad gimick but it got me thinking. they were offering 5000.00 toward the purchase of a new car for trade ins that didn't meet the cash for clunkers criteria. supposedly they have no quality used cars available and need "inventory". the letter pretty much stated outright the only trade in's they were getting were junk cars to be crushed by the .gov Typical mailer sent to drum up interest. They will give 5k based on selling the new vehicle at MSRP. So if your car is worth $4000 real money to them they'll discount their car an additional $1000 and show you that discount in the form of "trade allowance". Always wait until after you negotiate the price of the new car before you have your vehicle appraised. It's the only way you can know what they are actually paying you for your car. |
|
|
|
Posted: 8/4/2009 4:50:39 AM EDT
[#5]
Yeah we never expected the genius Cash for Clunkers idea to have more cons than pros.
|
|
|
|
Posted: 8/4/2009 4:50:39 AM EDT
[#6]
Quoted:
Quoted:
i know it's an ad gimick but it got me thinking. they were offering 5000.00 toward the purchase of a new car for trade ins that didn't meet the cash for clunkers criteria. supposedly they have no quality used cars available and need "inventory". the letter pretty much stated outright the only trade in's they were getting were junk cars to be crushed by the .gov Typical mailer sent to drum up interest. They will give 5k based on selling the new vehicle at MSRP. So if your car is worth $4000 real money to them they'll discount their car an additional $1000 and show you that discount in the form of "trade allowance". Always wait until after you negotiate the price of the new car before you have your vehicle appraised. It's the only way you can know what they are actually paying you for your car. oh yea for sure. i have no interest in a new car. i bought my last used car about a year ago. it's 100% paid for and will easily last me 3-5 more years. |
|
|
|
Posted: 8/4/2009 4:51:11 AM EDT
[#7]
The old "we need your used car for inventory" game has been going on for years. |
|
|
|
Posted: 8/4/2009 4:52:52 AM EDT
[#8]
This program will hurt those it was intended to help. Just like every other government scheme.
|
|
|
|
Posted: 8/4/2009 4:57:42 AM EDT
[#9]
Quoted:
forgot to add this was 5000.00 OVER kelley BB value. Still the same deal. They'll give you KBB fair trade for your vehicle minus deductions for mileage, damage, etc. They will not add for any extras even though KBB will. Then the new vehicle will be discounted only enough to make up the difference. They would still be going into this using MSRP as the selling price of their vehicle. What car would you trade? I'll give you an example of what it would look like. |
|
|
|
Posted: 8/4/2009 5:01:54 AM EDT
[#10]
Quoted:
The old "we need your used car for inventory" game has been going on for years. yes but based on the car lots i have passed lately it seems to be a bit more "real" |
|
|
|
Posted: 8/4/2009 5:07:33 AM EDT
[#11]
Him: "Hello Mr. Floater, will you be trading in a car today?"
Me: "I don't think so. Let's focus on buying one instead" Him: "OK, here is a nice car. It sells for $25,000" Me: "Oh my, that's just too much. Can't you do better? Him: "$20,000 is the best we can do" Me: "GREAT!!! I'll take it...and I have reconsidered, here is my trade-in" Him: "<gulp>" /profit EDIT: ALWAYS buy your car on the last day of the month. It's a numbers game for them, and they will usually give up more profit on that day to secure one more sale for the month. |
|
|
|
Posted: 8/4/2009 5:07:56 AM EDT
[#12]
Quoted:
Quoted:
Quoted:
i know it's an ad gimick but it got me thinking. they were offering 5000.00 toward the purchase of a new car for trade ins that didn't meet the cash for clunkers criteria. supposedly they have no quality used cars available and need "inventory". the letter pretty much stated outright the only trade in's they were getting were junk cars to be crushed by the .gov Typical mailer sent to drum up interest. They will give 5k based on selling the new vehicle at MSRP. So if your car is worth $4000 real money to them they'll discount their car an additional $1000 and show you that discount in the form of "trade allowance". Always wait until after you negotiate the price of the new car before you have your vehicle appraised. It's the only way you can know what they are actually paying you for your car. oh yea for sure. i have no interest in a new car. i bought my last used car about a year ago. it's 100% paid for and will easily last me 3-5 more years. Gotcha. |
|
|
|
Posted: 8/4/2009 5:14:17 AM EDT
[#13]
Quoted:
This program will hurt those it was intended to help. Just like every other government scheme. "Liberalism always generates the exact opposite of its stated intent." -Jim Quinn |
|
|
|
Posted: 8/4/2009 5:23:31 AM EDT
[#14]
Don't forget, the scrap market is in the tank right now. No one wants scrap steel. It'll all probably end up on a boat to China for half the price it would get in a healthy economy.
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
