The Conservative Cave
Current Events => Economics => Topic started by: bijou on August 27, 2009, 11:34:03 AM
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According to CNW research, some cash for clunkers customers have already begun expressing buyer’s remorse.
The company said that 17 percent of cash for clunkers participants in a recent survey indicated “some or serious doubts†about their recent car purchase.
Survey participants were nearly unanimous in their reason: They now have between a $275 and $350 new car payment to make each month, where prior, their household had no such payment.
“That amount, they say, could negatively impact the total family budget more than expected prior to buying the new vehicle,†explained Art Spinella, president of CNW Research.
“Typically, in a non-C4C environment, buyers’ remorse hits roughly 6 to 8 percent of new-vehicle buyers within a month, according to CNW Purchase Path research,†he added. ...
http://www.cardealerreviews.org/?p=116852
Perhaps the buyers' remorse will spread to Obama too.
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http://www.cardealerreviews.org/?p=116852
Perhaps the buyers' remorse will spread to Obama too.
I think it has in some cases, just look at the polls. At least the C4C program might stimulate one part of the auto sector, repo services. :banghead:
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Oh FFS!!! I guess the govt will be bailing these morons out in 6 months....
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Oh FFS!!! I guess the govt will be bailing these morons out in 6 months....
No doubt about - some of have a right to healthcare, some of us have a right to own a car - just guess which ones have the rights...
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Unintended consequences...what a concept!
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:thatsright:
That's exactly why I didn't jump on this. I coulda easily gotten a car that was running 15 miles to the gallon more then what I had. But that woulda meant taking on a whole new payment that I really didn't want to make.
Did people just suddenly forget that cars don't just cost $4500?
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Who would have thought that the government would **** it up???????????????
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I wouldn't touch C4C for one reason, I won't drive a "tomato can".