I'm interested in getting some feedback on the Cash for Clunkers program. I would like to know what, if any, experiences you had with it. Do you think it was successful? What impact do you think it's success or failure will have on our current economic situation short and long term?
My own experience with the program was frustrating to say the least, but probably not typical. We weren't actually trying to purchase a car, we were trying to sell one. At first we tried to sell our 2002 Cavalier, no takers. We had it listed at a fair price but it was listed for a month and the whole time I think we had one phone call. After that we re-listed the Cavalier, and also listed our 2004 Vibe, also for a fair price. We decided that we would sell which ever one went first and keep the other. Still no takers, although we did get a few more inquiries. At this point we were getting a little desperate so we dropped the price on the Vibe from $6100 to $5500. Again we got a couple of inquiries, but nothing serious. We were in limbo with them for almost another month until Cash for Clunkers ended. The next day, we got 3 serious phone calls and had sold the Vibe within the week, thank goodness.
We were under some pretty uncomfortable financial strain waiting for one of the vehicles to sell, and it is my belief that if it weren't for Cash for Clunkers we would have sold a lot sooner. What are your thoughts?
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its going to be a slow autumn for new car sales...
ReplyDeletePossibly, but the original intention of the program was to get the old gas guzzlers off the street and stimulate the suffering auto market at the same time. Do you think it achieved those goals?
ReplyDeleteAccording to the data, the vehicle most traded in: Ford Explorer. Vehicle most bought: Corolla.
ReplyDeleteIf it was for taking gass guzzlers off the road, it seems to have worked.