The thing is, if these vehicles were worth more than $4500, the dealers should've offered more in trade than the C4C program paid. So you blame the government because the dealers low-balled the trade-ins? If the dealer took in a car he could sell for $7500 or more, why would he NOT offer $5000 in trade and keep it out of the C4C program? Dealers are in business to make money, too, y'know.
Not sure where all these repos are going to come from; there was a story in this morning's newspaper about how slow dealer sales are since C4C ended. One dealer says the big problem is, people who would've got financed a year ago got turned down. If the banks are turning these people down at the rates this dealer reported [450 "ups" so far in September, 10 new cars sold], the banks obviously aren't financing the marginal buyers. It just ain't happening.
But you go on and believe what you wanna believe. The banks don't have ACORN forcing them to make marginal auto loans. And the dealers didn't have the government forcing them to keep from offering decent trade-in prices for cars that would sell for far more than the C4C program paid.
In fact, several local dealers refused to participate in C4C. Dealer participation wasn't compulsory.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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