Texsox Posted August 25, 2009 Share Posted August 25, 2009 I was just thinking, car dealers and manufacturers often have rebates equaling the Cash for Clunkers program. Why are those not as successful? Link to comment Share on other sites More sharing options...
kapkomet Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (Tex @ Aug 25, 2009 -> 03:22 PM) I was just thinking, car dealers and manufacturers often have rebates equaling the Cash for Clunkers program. Why are those not as successful? Because it comes out of their pockets and not the governments and therefore isn't advertised as heavily. Link to comment Share on other sites More sharing options...
Texsox Posted August 25, 2009 Author Share Posted August 25, 2009 QUOTE (kapkomet @ Aug 25, 2009 -> 03:31 PM) Because it comes out of their pockets and not the governments and therefore isn't advertised as heavily. I wonder if there was a net decrease in the prices consumers paid compared to a year ago or what not. No need for dealer or company incentives, so they made more, but I wonder if consumers actually paid less. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 25, 2009 Share Posted August 25, 2009 A lot of places had incentives on top of the CARS program for as much as $8500 off of sticker price. Link to comment Share on other sites More sharing options...
kapkomet Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (Tex @ Aug 25, 2009 -> 03:33 PM) I wonder if there was a net decrease in the prices consumers paid compared to a year ago or what not. No need for dealer or company incentives, so they made more, but I wonder if consumers actually paid less. Well, wait, I need to clarify I guess. $4500 for clinkers - that's a trade in. You're not going to get that for a typical car. That's why. Plus it was promoted with TARP money - yes even the advertisements. Link to comment Share on other sites More sharing options...
Balta1701 Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (kapkomet @ Aug 25, 2009 -> 01:34 PM) Well, wait, I need to clarify I guess. $4500 for clinkers - that's a trade in. You're not going to get that for a typical car. That's why. Plus it was promoted with TARP money - yes even the advertisements. I thought it was stimulus money, not TARP money? Link to comment Share on other sites More sharing options...
Balta1701 Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (Tex @ Aug 25, 2009 -> 01:22 PM) I was just thinking, car dealers and manufacturers often have rebates equaling the Cash for Clunkers program. Why are those not as successful? I think the answer is this...regardless of the sticker price, there's always some price level that an auto manufacturer is looking to get at a particular time on a particular vehicle. If you're willing to put in the negotiating effort/time, you can get in that price area. Here, you were still able to get in to that price area, but you got an extra couple thousand dollars from the government on top of that for getting an older car off of the road. Thus, I think you could actually undercut the price you'd pay, for example, if you went shopping today. Link to comment Share on other sites More sharing options...
kapkomet Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (Balta1701 @ Aug 25, 2009 -> 03:42 PM) I thought it was stimulus money, not TARP money? The cash for clunkers was stimulus. But I betcha that the advertising dollars came from the original "bail out" money, or TARP. Link to comment Share on other sites More sharing options...
Balta1701 Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (kapkomet @ Aug 25, 2009 -> 01:48 PM) The cash for clunkers was stimulus. But I betcha that the advertising dollars came from the original "bail out" money, or TARP. I'd rather have it come from the TARP funds than the stimulus funds anyway. Link to comment Share on other sites More sharing options...
kapkomet Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (Balta1701 @ Aug 25, 2009 -> 03:51 PM) I'd rather have it come from the TARP funds than the stimulus funds anyway. Well, yea, I guess. It doesn't really matter. It's just ironic that the government was advertising their own programs, sort of, with tax payer money. Here's $4500 of tax money, being paid for by tax money, advertised by tax money, ... all for your CAR! It's just weird. Link to comment Share on other sites More sharing options...
Texsox Posted August 25, 2009 Author Share Posted August 25, 2009 But when it is the car dealer offering $4,500 incentives to buyers, we yawn and walk away. Perhaps we found something the government is better at than private industry Link to comment Share on other sites More sharing options...
Balta1701 Posted August 25, 2009 Share Posted August 25, 2009 QUOTE (Tex @ Aug 25, 2009 -> 01:59 PM) But when it is the car dealer offering $4,500 incentives to buyers, we yawn and walk away. Perhaps we found something the government is better at than private industry Because everyone knows those "Incentives" are things that are available almost any time. Or at least something very close to them. Link to comment Share on other sites More sharing options...
mr_genius Posted August 26, 2009 Share Posted August 26, 2009 QUOTE (Tex @ Aug 25, 2009 -> 03:59 PM) But when it is the car dealer offering $4,500 incentives to buyers, we yawn and walk away. Perhaps we found something the government is better at than private industry because buyers got the normal dealer incentives plus the $4,500. hard to say no to that. Link to comment Share on other sites More sharing options...
Recommended Posts