luxuryrules
Dedicated LVC Member
I wouldnt blame someone if they went with it and saved a lot of money, but I don't like the program.
To me it hurts the poor.
If you can't afford a new car this bill won't help you any.
Plus if have to go to the auto recyclers to get parts to keep your clunker going, there will be less cars to get parts from.
I look at it as another bail out.
Sure the middle class that still have jobs can save some cash.
The whole idea is to give a boost the auto companys again.
Yep, the gremlins of unintended consequences are at work again
Another one: knowing that they won't find better deals for the next couple of years at least; also knowing that the new CAFE standards are going to increase the price of cars in general; people are making car purchases now with the intention of being the last new car expense for some time. The net effect here is that the temporary boost in sales will come at a cost of cannabilizing future car sales for the next couple years.
My test subject with the Sentra already had two other brand new cars and he had gotten rid of a 1993 Chrysler, so the oldest car in his fleet is now only two years. He had not planned on buying another car for a couple more years at least, but taking the two above statements into account, he picked up the Sentra early with the intention of it being the last time he buys a new car for 6-8 years and knowing it will be far cheaper now than if he waits.