Ask James48843

My 1976 Triumph TR-7 still lives. It is being revitalized by a sixteen year old and his father as a project. They have sent me pictures and I've talked to them on the phone regarding history of the car. This will be the young man's high school ride - it'll be like "Route 66" all over again. There is absolutely no rust on this Triumph - a cherry automobile.
 
Me n nnuut, great minds and all that!

I have a 1995 Nissan truck with 130,000 miles on it that I plan to drive another 70,000 been paid for a long time!! I'll drive it until the wheels fall off!! But that's just me, frugal!! Call me cheap if you like, I love it!!
 
James, How long do you think the current rally is going to last?

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"This proves one thing: If you hand out money on the street corner, people will take it," said James L. Gattuso, a senior fellow in regulatory policy at The Heritage Foundation, a conservative think tank.

He warned that while people might be buying cars the gains from their purchases won't overcome the lost economic activity from using the government dollars for more productive programs.


"The money has to be taxed or borrowed. It doesn't come from thin air," Gattuso said. "You aren't going to fix the economy by the government being the consumer and paying for consumption directly."

"Is the government going to be the consumer of last report?" Gattuso added. "I don't think that's a viable economic plan."
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The Cash for Clunkers program was designed to help the struggling auto industry by giving owners of old cars money toward the purchase of a new, more fuel-efficient vehicle. Owners of old cars and trucks can get $3,500 or $4,500 toward a new, more fuel-efficient vehicle in exchange for scrapping their old vehicle.
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http://www.abcnews.go.com/Business/story?id=8242391&page=1

I sure the executives appreciate the free money.

;)
 
Once again. What is the return on the tax payers $1 billion?

How many jobs created?

How is it helping the economy?

Is this a shell game just to make the car sales look better?

If the market rallies because of all of the Government intervention, does that mean the economy is on solid ground or that we have learned how to throw money at the right areas to skew the indicators?

What do you want to bet that car sales go back down the next few months after the money runs out?
 
PessOptimist said:
The sad part is that most of the people driving these "clunkers" are upside down on their payments and there is no way they can qualify for a new car loan.So it doesn't help them.
So this program isn't really doing s**t for anyone who couldn't all ready afford to buy a new car. But it sure looks good in the media! And it's not really adding that much money to the deficit our grand children will have to try to pay off. What's a couple billion more.
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Amen! That is one of my many points, wag the dog comes to mind. The media is eating this up and it is no better a idea than bailing out banks IMO. Folks we're broke. We just had a record $200 billion bond auction we are so broke.

If Congress can take $1 billion out of a budget and reallocate it for cash for clunkers give away. Did that money really need to be in the budget in the first place?

Here is a idea. Instead of buying a new car, how about just giving the folk the money for the clunkers instead of the auto dealers. I sure a lot of folks have clunkers around that need the money, like to buy food, clothing for back to school, rent, utilities. I have $9k worth of clunker sitting here and would like a bail out or stimulus. I'll spend it, I promise.
 
WOW! Just wow. I never figured this would be such a hot button issue here. Chill out!
My 1.16 cents:
Most of the gross polluters I see in my daily commute are older than "84s. This does not count "classics" though some I see are just daily transportation or work truck registered as classics.
Arguing about Toyotas or Nissans that won't qualifiy for this program is something you ought to take to another place. Yeah, were all happy you don't waste your money. Congrats.
Some people are getting screwed on this deal, their cars are worth more than the maximum amount. Are they actually checking what the trade in is worth?
I actually got an e-mail from the sales manager at my local dodge dealer telling me i should trade in my 2001 Dakota under this plan. Six months ago, it was worth $6500.
Same sales manager quoted me a deal six months ago on a $9998 plus tax and license Caliber plus my $6500 trade in for $16,995. When I asked him to show me the math, he said he had to talk to the owner. As I was walking out he tried to block me from leaving. My truck was in for a repair and they did an "appraisal" on it without me knowing. The service manager had a problem "finding" my vehicle. I pointed it out to him. He told me there was a "sales hold" on it. I dialed 911. He gave me my vehicle.
That last paragraph may have belonged under a different thread in a different forom
The sad part is that most of the people driving these "clunkers" are upside down on their payments and there is no way they can qualify for a new car loan.So it doesn't help them.
So this program isn't really doing s**t for anyone who couldn't all ready afford to buy a new car. But it sure looks good in the media! And it's not really adding that much money to the deficit our grand children will have to try to pay off. What's a couple billion more.
 
nnuut said:
I have a 1995 Nissan truck with 96,000 miles on it that I plan to drive another 100,000 been paid for a long time!!
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Those Hardbody (pre-1998) Nissan trucks were great. That's low mileage for a '95. Have you had it since it was new?
 
Show-me said:
those cars are already made. Many autoworkers are laid off and probably won't get called back for a very long time as they sell off the excess inventory. The ones that are working will work a lot of over time before they hire back workers.
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Ah..that's a hard one to call for sure..but judging by the rabid sales this past weekend already..the inventories will be depleted soon..;)
 
nnuut said:
I have a 1995 Nissan truck with 96,000 miles on it that I plan to drive another 100,000 been paid for a long time!! And a 2004 4Runner with 35,000 miles owe a year to payoff, I'll drive it until the wheels fall off!! But that's just me, frugal!! Call me cheap if you like, I love it!! View attachment 6634
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By The Way..do you have any Grey Poupon?
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Geez guys,

Take a drink of your favorite juice and relax. Man everyone is so up tight we are going to need back rubs all around. :D Call in the back walkers. :nuts:
 
McDuck said:
To me it is sad to intentionally destroy something. I see a real analogy between this video and what the BHO regime is doing.
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I couldn't agree more..

But I guess we've all been dancing around the real issue here, I'm sure you all see it..The Socialboma plan is to eliminate all the old time gas guzzlers (I'm sure HUMMER included, or else GM would not have gave up on the HUMMER brand, had it not been for Uncle Sam twisting their arms if they wanted the Bailout money..it's under the table extortion I tell you) Encourage a green car mentality with the Left and Right and eventually reduce the need for gasoline, so not have to drill here in the NA continent anymore and continue to buy it from OPEC, also keeping the treehuggers off his back, because they won't have to see oil rigs out on the horizon from their Malibu beach home..With that comes Higher priced fuel to make up the PROFIT differences the oil companies are losing because of fuel stingy hybrids..So yes, IMO, the whole idea of "Cash for Clunkers" has a very deep hidden agenda, besides the surface value we are seeing from it now, short term.

Great discussion guys..I'm out:)
 
Buster said:
Well, atta boy ..that's you..and I agree with you if that's your way of owning cars..I see no problem with it...But like myself..a lot of other people also like a new car smell once in a while and no warranty issues....This translates to "worry free motoring"..maybe you don't see it that way...but others do..


Next time you make it to OK..you had better let me know in advance...;)
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That's great if you like a new car smell, don't use tax payer money to supplement that fix.

We are going down a slippery slope of supplement everything for the greater good of what ever. When does it stop? Where is the money?

I say we should have never started. I was against the "banking sector" bail out, I'm against the auto maker bail out, I'm against the cash for clunkers, against farm subsidize, against foreign aid, against supplementing anything that can't make it in the free market. Use what we got fully then get another one, when the wheels fall off.

And, I'm sick and tired of see folks on food assistance buying steak while I shop the sales. This is the road we are going down and it is ridiculous.

I will look you up the next time I go to Norman. :D You're driving. :nuts:
 
those cars are already made. Many autoworkers are laid off and probably won't get called back for a very long time as they sell off the excess inventory. The ones that are working will work a lot of over time before they hire back workers.

Buster said:
That would be just one person it may have kept from being homeless for a while...but building a NEW CAR takes dozens of EMPLOYED tax paying workers, not to mention all the supporting infrastructure industry that goes to supporting the car assembly plant...;)


"The needs of the many outweigh the needs of the few."
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Buster said:
Well, atta boy Norm..that's you..and I agree with you if that's your way of owning cars..I see no problem with it...But like myself..a lot of other people also like a new car smell once in a while and no warranty issues....This translates to "worry free motoring"..maybe you don't see it that way...but others do..


Next time you make it to OK..you had better let me know in advance...;)
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I have a 1995 Nissan truck with 96,000 miles on it that I plan to drive another 100,000 been paid for a long time!! And a 2004 4Runner with 35,000 miles owe a year to payoff, I'll drive it until the wheels fall off!! But that's just me, frugal!! Call me cheap if you like, I love it!! View attachment 6634
 
Show-me said:
I buy cars that don't require "payments". Care to supplement my budget?

My Toyota Corolla was bought and paid for with $1200 in April of 2004 and I am still driving it to work and made two trips to Norman, OK with it.
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Well, atta boy ..that's you..and I agree with you if that's your way of owning cars..I see no problem with it...But like myself..a lot of other people also like a new car smell once in a while and no warranty issues....This translates to "worry free motoring"..maybe you don't see it that way...but others do..


Next time you make it to OK..you had better let me know in advance...;)
 
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