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  1. #26
    Believe. SonOfAGun's Avatar
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    Yeah i'm sure some clunkers won't find their way back on the street
    omg that Jerry Springer gif is pure comedy.

  2. #27
    Believe.
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    i'd love to see a youtube clip of you working over a car salesman about this.
    Why hasn't B2B put some of his rants on youtube?

  3. #28
    U Have Bad Understanding Sportcamper's Avatar
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    This weekend I saw several people with rusted out large cars & mini vans getting $3500.00 vouchers for Honda Civics that were discounted $2500.00 off sticker…However most dealers are very cautious so they do not stuck with trade-ins that they can’t get refunds for….But deals are being made…

    On the downside I have had several dealers give me false information (telling me that my truck does not qualify) just to get out of participating in the program…My local Chevrolet dealer was at least up front & honest with me…They will discount HD 2500 4x4’s 6k to 9k but they don’t want to get involved with government promised vouchers that they my never see…

    Obviously this program helps car companies, dealers & people who already can afford a new car but need to more incentive to do so…

  4. #29
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    This weekend I saw several people with rusted out large cars & mini vans getting $3500.00 vouchers for Honda Civics that were discounted $2500.00 off sticker…However most dealers are very cautious so they do not stuck with trade-ins that they can’t get refunds for….But deals are being made…

    On the downside I have had several dealers give me false information (telling me that my truck does not qualify) just to get out of participating in the program…My local Chevrolet dealer was at least up front & honest with me…They will discount HD 2500 4x4’s 6k to 9k but they don’t want to get involved with government promised vouchers that they my never see…

    Obviously this program helps car companies, dealers & people who already can afford a new car but need to more incentive to do so…
    6-9 off of a 2500 isn't too too bad. 2,500 off a Honda is a joke. Anything with a sticker MSRP over 20k should be seeing discounts of at least 4,500 if not 5k.

  5. #30
    U Have Bad Understanding Sportcamper's Avatar
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    BTB-Honda Civic popularity in So Cal is huge…The people who purchased new cars this past weekend essentially got 6k off sticker by trading in a rusted out pile of junk …I think they scored big time

    The HD 2500’s have been on the Chevrolet lot since September 2008…We have Ka-Boys in So Cal (not real Cowboys)…Most of the Ka-Boys are currently driving Prius’s to be politically correct & to save on fuel….Big 4x4's are not selling out here….I thought the Chevy Dealer could come down a little more as well….
    Last edited by Sportcamper; 07-28-2009 at 05:37 PM.

  6. #31
    Believe. Fabbs's Avatar
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    I heard (not confirmed) of one dealership up north doing things the right way. Again no confirmation on that.
    Can you post if and when you get confirm that the up north dealership did it the right way.

    If a dealership like that could be found, would going out and buying a $400 clunker (but running) for the purpose of combining it with a dealers usual come down margin (20%) make the total deal sweet?

  7. #32
    Veteran blizz's Avatar
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    Can you post if and when you get confirm that the up north dealership did it the right way.

    If a dealership like that could be found, would going out and buying a $400 clunker (but running) for the purpose of combining it with a dealers usual come down margin (20%) make the total deal sweet?
    No. One of the stipulations is that the car/truck has to have been insured continuously for 1 year prior to trading it in.

  8. #33
    Veteran blizz's Avatar
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    I WAS thinking about doing this with my 2dr Tahoe but couldn't stand the thought of it being destroyed. It is the first vehicle I bought on my own. It's a cool truck, you don't see too many around like them, there's nothing wrong with it, it's a good 4x4 with very low miles for it's age so there's no reason to do it. The thought of the dealer using the 4500 as a "discount" pisses me off. If you're gonna do it, make your deal without mention of the clunker and spring it on them once everything is ok - if they don't make the deal em.

  9. #34
    License to Lillard tlongII's Avatar
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    Why aren't they restricting this to American made cars?

  10. #35
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    BTB-Honda Civic popularity in So Cal is huge…The people who purchased new cars this past weekend essentially got 6k off sticker by trading in a rusted out pile of junk …I think they scored big time
    You are actually touching on my very point. The 6k or so off would have existed without cash for clunkers. Instead of coming down in price they simply left the price high and used your voucher to bring the price down. Basically the voucher acted as a down payment vs. a discount. Seeing 6k or so off has everyone happy in pant. Reality is they should be seeing 5k-6k off to begin with and then the extra 3-4k on top of that with the voucher.

    Chrysler is offer 4,500 off plus the voucher on select units. Not too bad. If someone wants to look into that. It'll really depend on what car its offered. 4,500 + the voucher would be good on something priced around 20-25k but wouldn't be so good on a car priced up above 30k.

  11. #36
    Since 1979 Das Texan's Avatar
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    Ya except that Chrysler has ty cars, especially those that are part of this program.

  12. #37
    Believe. Fabbs's Avatar
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    No. One of the stipulations is that the car/truck has to have been insured continuously for 1 year prior to trading it in.
    insured by the same person trading it in as cash for clunkers?

  13. #38
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    insured by the same person trading it in as cash for clunkers?
    Yes. They wan't this as proof of ownership.

  14. #39
    Since 1979 Das Texan's Avatar
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    Adam Rabel
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    at least they were smart enough to close that loophole about ownership.

  15. #40
    Mr. John Wayne CosmicCowboy's Avatar
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    at least they were smart enough to close that loophole about ownership.
    Well, if the motivation was to get gas guzzlers off the market you would think that it wouldn't matter. I heard that car max spent a fortune on lobbyists trying to get used cars included in the trade in deal.

  16. #41
    Believe.
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    It would be nice if instead of giving everyone $4500 for clunkers, they just gave everyone 5-10K to purchase health insurance... whatever you don't use, you keep.

  17. #42
    Cleveland Rocks CavsSuperFan's Avatar
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    Did anyone make a cash for clunker purchase? Mothers Cadillac is 27 years old & it did not qualify. She really wanted a new Ford Ranger.

  18. #43
    Believe.
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    Cut your deal "no trade in"...get the best price you can get and then drop the clunker on them...
    then they will lower the value of your used car. or they just take it back to the "trade in" deal. the best price of "no trade in" is only for the "no trade in" deal. it is already back to a "trade in" deal when you put the clunker in front of them. no one can get away from that. dealer rules the market.

  19. #44
    Fan Since 1973 Twisted_Dawg's Avatar
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    I know you guys know everything. I know you guys have it all figured out so this is for the 3 or 4 people on the board that were unsure exactly whats going on here. Basically its a free pass for a dealership to misuse your voucher at your expense. I'm sure you've seen the adverts on TV...goes something like this.

    New Something Something

    23,000
    -1000.00 dealer discount
    -4500.00 Cash for Clunkers voucher
    ------------------
    17,500.00

    Lets forget about the fact that it has to be drivable so its already worth the rebate of 3,500 and probably the addition 1k too. Since the vehicle isn't going to be resold its not considered equity for the deal structure. Just for the sake of the argument.

    A decent deal. Not a great one but a decent deal would be somewhere around 20% off of list (not counting fees).

    So your 23,000 dollar vehicle should be priced around 18,400 to begin with. Then your voucher on top of the deal. There not doing it that way. Instead the voucher is basically being used as a giant down payment to overcome the advance for lending so the dealership doesn't have to lower its price to achieve the parameters needed for financing. Your voucher is covering the difference that would have otherwise been discounted by the dealer. You see no dealership could get a deal done with just a 1k discount and no money down. The advance is too high and the bank would simply come back and ask for either a down payment or for the dealership to lower their price.

    Now usually a salesperson, sales manager or GM would come down to a reasonable figure right off the bat to earn your business with minimal down. Say 20% discount like I mentioned above. With Cash for Clunkers they make it seem like they came down on the price when all they did was apply your voucher to the bottom line to get it through financing with less issues.

    Most people are simply satisfied with the good bottom line not realizing that the dealership just sold you a vehicle at near list price and used your voucher to make up the difference.

    It should be a real savings not a voucher in sheeps clothing. This should be an incentive for you to purchase a vehicle not act as compensation for the lack of a profit margin had they cut you a legitimate deal.

    23,000
    -4600.00 Rebate and/or dealer discount
    -3,500-4k voucher
    ---------------------------
    14,900-13,900

    Good luck getting your voucher applied properly or how it was intended to be applied. You got a program that was designed to put better more fuel efficient vehicles on the road with a huge financial incentive for you to ACT NOW. What you really ended up with is a program that saved you little to nothing but gave a steroid shot in the bottom line of dealership profits.

    I heard (not confirmed) of one dealership up north doing things the right way. Again no confirmation on that.

    Moral of the Story: Always keep a bottle of lube in the glove box of your clunker.

    The End.

    BTB...you are/were 1000% correct. I went to several Mazda, Nissan, Kia, & Hyundai lots which were crawling with customers and the salesmen laughed when asked to knock more off the MSRP. And why should they when they had a lot full of people willing to pay their price.

    Anyway, I stumbled into a Pontiac lot which was empty and bought a 2009 Vibe (which is made by Toyota and is the Toyota Matrix). The MSRP was like $17,750 and we got it for $9300 (drive out $10K). We got the full $4500 clunker trade in but had to get a 5-speed manual tranny. We only got that price after going through all the usual theatrics: working with the salesperson, declining and started to leave, when the "closer" arrived who lowered the price, at which point we declined and started to leave at which point we cut the deal.

    Had I sold my clunker myself, I would have gotten about $2000, So I figured I paid about $11,300 for the car.

    Moral of the story: Don't blame the dealers if the public is foolish enough to pay full list.

    P.S. I figure the dealer made about $13,000 ( my $9300 + $3700 net clunker recovery [ $4500-$engine decomission+salvage return-addtl overhead to process program] ). So the dealer netted about what he would have before the program began.
    Last edited by Twisted_Dawg; 08-29-2009 at 07:35 AM.

  20. #45
    Forum Official Personal Life Coach BacktoBasics's Avatar
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    BTB...you are/were 1000% correct. I went to several Mazda, Nissan, Kia, & Hyundai lots which were crawling with customers and the salesmen laughed when asked to knock more off the MSRP. And why should they when they had a lot full of people willing to pay their price.

    Anyway, I stumbled into a Pontiac lot which was empty and bought a 2009 Vibe (which is made by Toyota and is the Toyota Matrix). The MSRP was like $17,750 and we got it for $9300 (drive out $10K). We got the full $4500 clunker trade in but had to get a 5-speed manual tranny. We only got that price after going through all the usual theatrics: working with the salesperson, declining and started to leave, when the "closer" arrived who lowered the price, at which point we declined and started to leave at which point we cut the deal.

    Had I sold my clunker myself, I would have gotten about $2000, So I figured I paid about $11,300 for the car.

    Moral of the story: Don't blame the dealers if the public is foolish enough to pay full list.

    P.S. I figure the dealer made about $13,000 ( my $9300 + $3700 net clunker recovery [ $4500-$engine decomission+salvage return-addtl overhead to process program] ). So the dealer netted about what he would have before the program began.
    Well done friend. You worked the system, pounded the table, and walked away with a good deal.

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