Let's see what affect this has on auto sales in the months after the program ends. Sales will fall through the floor.
My brother....the new Nostradamus! But...I have a feeling he's right.
Let's see how many repos happen.
Another budding Nostradamus!! However, the people losing their houses at least
had jobs when they got their mortgages. Most new car dealers don't offer the "We tote the note" financing.
Yeah, but I doubt that the auto financers are relaxing their underwriting standards for this - but you never know.
I was just talking to the owner of Lakeland's largest auto dealer last week. The dealership is adjacent to our church & they rent parking spaces from us for their employees. He said that he's instructed his sales people to pull a credit report before they even talk deal. If the prospective buyer says they have outside financing, he wants proof stating how much they are pre-approved for - even on the C4C sales. He doesn't want his people wasting valuable time on people who couldn't qualify on a loan for a free lunch. Those are a lot of the people coming in to try and do the C4C deal. It seems most people driving real clunkers are doing so for a reason. Apparently there is no scramble to try and work deadbeats thru the system. FMCC, who will be financing our new truck, questioned my DH's job churning of the last two years. And we already have on loan with them in good standing on our Zephyr. Of course, I have worked hard all my life to maintain stellar credit.
Deb, to get the emblem off, heat it up with your hair dryer, and then take some dental floss and work it back and forth behind the emblem to cut the adhesive...
it works.
I scrapped that idea. I'm going to take something from the owner's manual & use.
You are cracking me up! You sound just like my husband. He has emotional attachments to his vehicles and his guns. In fact, I read your post to him and he said, "I like that lady!"
You know what's funny? In the 37 years I've traded vehicles, I've never had such an attachment. The only other vehicle I shed one or two tears over was when I traded my '87 Crysler New Yorker in on my '99 Grand Marquis. I think I was attached to the NY'er because I did the deal myself without my DH's input. It was a wonderful car that I wracked 130k miles on. The only reason I traded that was because I was driving 120 miles round trip to go to work each day and was getting concerned about being stranded on the interstate. I had the original "bag phone" cell service back then & it was out of range more than in. The cell networks were very limited at best in 1999.
I'll post pictures later today or tomorrow of the new baby. I'm going to have to come up with a name for her - or maybe him. We'll see.
OH NO!!! My pragmatist husband who thought I was being silly with my sentimentality just washed "Old Red"!! He says that he's not taking a dirty truck into a dealership. It wasn't dirty as it got poured on during one of our nightly thunderstorms. HA! I knew deep down inside that the fact the truck was going to be killed was killing him. I gotta laugh!
Then deduct the cash you had to pay out to own it free and clear...you are techinically in the hole for a while now. But you do have a new car which is good, I guess.
