Cash for Clunkers-Taken from some one who was involved in it
Hey all
Ok, so my 99 Ford Truck decided that it needed a transmisson in late July.. I took it in and figured it out that it would need roughly $3,800 worth of repairs to make it a decent car again. These repairs include:
Rebuild transmisson local shop :1850
Repair power door locks: $450
Replace Broken Passanger Seat $450
Replace winshield: 200
Fix winshield wipers :200
Replace Ball joints (upper's) and 4 new tires $1000
So i decided it was time for a new car.. I mean the paint was faded, it did have 129K miles, and well it was just time
So i whent down to my local Hyundai Dealer (i had already decided i wanted another Hyundai, as i have good luck with the one i have..
I ONLY and i mean ONLY ever buy used cars.... That are $10,000 or less... Mileage isnt an object to me.. Im sorry but a stupid car is not worth 15 grand...
Anyway.. I looked around and spotted a 2005 Hyundai Sonata GLS 4 cyl with 64K for 8995.. The wonderful salesman came over and we chatted and i inquired that i wanted to do turn my suv over for the cash for clunkers program.. I was promptly led to ED and his lovley crew.. Becuase this guy couldnt handle that program... So after our introduction, i asked him about turning in my explorer on cash for clunkers and told him i wanted to look at the aformentioned sonata... Which i was then was promptly told "no sir its not for used cars, only new"... I was like WTF??? Show me! ANd sure enough he did... I was piffed off... But dear ed got me calmed down and offered to show me a new car.. Well i told him i dont buy new cars..But he talked me into looking.. I first drove a Hyundai Accent (i need 4 doors, power window and locks, cruise, and a cd/mp3 player)The 4-door accent had none of this...So out..Next was an elantra.. Well i drove an automatic and to say it was underpowerd was a small understatment.. He then found a couple stick shifts (asking me why i would want one and not believing i could even drive it) We located a Elantra with the basics for a whopping $17,915 (inovice price of $17,296.. Has the basic package and buetooth)..After driving it i kindly informed him i couldnt afford that.. But you know ed.. So i sat down for numbers...
$17,915
5,515 for my trade (4500 cfc and 1015 salvage value for my truck)
12,400 Plus fees which where about 1400 more so thats $13,800
minus $2,500 in rebates it was $11,300.00 Big Gulp.. But mr. ed assured me my payments would be less than $275 a month, even with crappy credit.. W-R-O-N-G... $317 with an additional $1,300 down.. Um, hell to the no..
So i took off, manual shifting gears and whent car shopping.. After a whole day off wasted, i quickly concluded that I was not going to be able to use the cash for clunkers..The cheapest i could get anything was a Nissan Versa HB.. And that was $9,500.. at $285 a month.. So i was pissed
So the next day, started looking at used cars and no cfc.. Whent back to mr. ed and after a long chat about the sonatat i first looked at, they WOULD NOT (i repet) WoULD NOT take my truck in unless i whent for CFC.. With $1800 that sonatat could be mine for $275 a month.. Um, NOOOOOO!
For the next 6 weeks i whent through this and i drove that damn truck with a bad transmisson all over.. Nobody buy a few small independant place would take it.. Finally about two weeks ago i got a car.. And no i never got rid of mr. truck.. Nobody wanted it as a trade... even for $800 or what not... Its sitting in my friend yard for sale for $1500.. Hopefully i will sell it..
I got a 2005 Chevrolet Malibu 4 cylinder with 63K for $8000 out the door.. $200 a month for 5 years... That i can handle.. Well not the down payment..Im fretting over how thats gonna get paid.. But still... I will solve that..
No, i mean there are very few under 10 grand cars for sale now.. Alot of what CfC took off the road was cars that i normally would buy.. Stuff i could afford and not worry with... It was sad what i saw out for CfC...
A 2003 Lincoln LS V8 with 108K.. Needed transmission work
Alot of explorers and jeeps
The saddest was a 1989 Corevtte that had a salvage title but was in immaculate shape.. He CfC'd it for a new Miata
A beautiful 1990 Jaguar Sedan that was valued at $4,000..
One toyota dealer had 300 cars turned in and of them, the manager told me 220 where resaleable cars..
And cars that didnt qualify but couldnt be resold where stuck outback.. A malibu that was well trashed beyond belief, a civic that was mod'd all to hell, a toyota sienna van that reaked of baby puke, a 4 cyl ranger that was dented and bashed to shit...
After this fiasco and whats come after trying to get this malibu.. I am fed up with the american goverment.. I mean.. Why not offer on used cars?? Hell i coulda gotten a nice used 2008 Malibu and paid what i paid for my 05...
UGHHHHHH
