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Topic Review
the bear

[*] posted on 22-6-2009 at 03:26
Quote:
Originally posted by LSemmens
All you need is this:


Do you get a trade in on your old wardrobes.


Regards the Bear
scholar

[*] posted on 22-6-2009 at 03:18
Quote:
Originally posted by marymary100
I've been told by a colleague that the cost of second hand cars has fallen in recent months so those who need to trade up to another second hand can still do so quite cheaply.
Can you or someone else explain this, in light of the scrapping program?

In the US version, if the government will pay up to $4,500 for a car that will be scrapped when the buyer trades it in on a new car purchase, it appears on the face of it that a car previously valued at $800 or $1000 has been given a new value of up to $4,500. That would seem to have driven the price upwards. But, that was not a transaction for a person to buy a used car to drive--so, that doesn't count, doesn't qualify as part of the used car market.

Well, what effect would scrapping the cars be expected to have on other cars which are not scrapped? Every car that is scrapped reduces the number of used cars on the market. In particular, it reduces the number of lower-value used cars on the market (not the higher-value ones, since a man would be a fool to trade in a car worth $8000 to be scrapped for $4,500; he would, instead, make a trade-in for the value of the car in the usual way). Reducing the supply of lower-value used cars, while the demand remains the same, would seem to push their prices up. All the poor people who need cars are competing against each other to buy the lesser number remaining after the government has crushed as many as it can attract with the program, so the supply-and-demand pressure is toward moving the price higher.

Yet, MMC's friend reports the prices for used cars are lower. Is it because few people are willing to buy another car, even a used one, when times are tough? Do the used car dealers have to lower their prices in desperation? Perhaps the friend is talking about intermediate-priced vehicles going down in price, while the cheap third-owner cars are actually going up in price? (I don't know, but supply-and-demand market pressure would lead one to expect this. Can someone offer another explanation that makes sense? Is there another factor to be considered?)
scholar

[*] posted on 21-6-2009 at 22:04
Quote:
Originally posted by giron
Has he managed to get it up yet? confused2
No, my car window is still gironed. :D:D:D:P:P:P

[This makes reference to some posts I shared with dear Runrig, after Giron mentioned that his name is on a censoring filter on another site.:P]
giron

[*] posted on 21-6-2009 at 19:16
Has he managed to get it up yet? confused2
marymary100

[*] posted on 21-6-2009 at 14:49
Yes, but is there a window motor included?
LSemmens

[*] posted on 21-6-2009 at 14:17

LSemmens

[*] posted on 21-6-2009 at 13:57
All you need is this:
waffler

[*] posted on 21-6-2009 at 01:29
Quote:
Originally posted by marymary100
You have to have owned the car for 12 months at least to qualify here.


had my old girl nearly two years , couldn't bear to seee her squashed waggyfinger
marymary100

[*] posted on 21-6-2009 at 00:39
You have to have owned the car for 12 months at least to qualify here.
the bear

[*] posted on 21-6-2009 at 00:24
If you buy a second hand car that qualifies for the scheme you are most likely buying somebody elses problems which could be costly to rectify.


Regards the Bear
marymary100

[*] posted on 20-6-2009 at 23:46
The scrappage programme is working so well here that they are probably going to stop it soon. Additionally I've been told by a colleague that the cost of second hand cars has fallen in recent months so those who need to trade up to another second hand can still do so quite cheaply.
scholar

[*] posted on 20-6-2009 at 23:25
I only have $35, to last me the rest of the month. I have bills to pay for electricity and telephone. No, I won't be buying a car.
Redwolf5150

[*] posted on 20-6-2009 at 22:58
roffle

roffle roffle
waffler

[*] posted on 20-6-2009 at 22:13
Better fix that window or trade it in . roffle
scholar

[*] posted on 20-6-2009 at 21:57
The US Congress is moving forward a bill to promote sales of new automobiles by subsidizing them up to $4,500, provided you trade in a "gas guzzler" that you have been driving (actually, that you have carried insurance on for the past year).

The older car must be destroyed (so, the money the government pays is effectively all you get--the dealer can't sell the used car to someone who needs one, even at a reduced price).

How well is this going to work?

Since the car turned in is destroyed, it must be worth less than the seller could get for it on the market. Such a car must be in poor shape--high miles, or rusty, or old. Even with these against it, the trade-in car is not eligible unless its mileage rating is inferior to the new car. A little car in poor shape won't qualify.

So, only people driving poor cars indeed can qualify.

But, they cannot buy an affordable USED car--it must be a NEW one. The government credit might bring the cost of the new car down from @24,500 to $20,000. But, if the person could afford the down payment and monthly payments to buy a $20,000 car, why is he driving a gas-guzzler of little worth?

The goverment wants to sell new cars to stimulate the economy. It has loaned billions to two car companies. Now, how will it get the money back? These geniuses are spending government money to buy cars! (Like the child running the lemonade stand, who uses his money to buy the ingredients, and then uses his own money to buy the finished lemonade, so that he'll take in enough money to pay for the ingredients!lips_sealed)

Who gets kicked in the butt by this program? People like myself, who can only barely afford to buy the very cheapest cars ($1000 or less has been the cost of the last few cars I've purchased). These cars are the ones that will get crushed, causing a SHORTAGE for the poor.

http://www.latimes.com/news/nationworld/nation/la-na-clunkers13-2009jun13,0,942989.story

http://www.usatoday.com/money/autos/2009-05-11-chrysler-gm-cash-clunkers_N.htm

http://www.politico.com/news/stories/0609/23550.html

http://jalopnik.com/5285833/a-guide-to-the-cash-for-clunkers-bill