car enthusiasts 1 pelosi 0

[OLDS_ROCKETMAN]

@Darkstar

It’s a $4,500 check if the vehicle you’re trading in is less than 7 years old. That is definitely a solid down payment on something new.

You’re someone that LOATHES welfare. This isn’t welfare. It’s an incentive. The idea isn’t to get everyone who has an old beater to trade it straight up for a brand new civic. It’s to get someone who has been running their vehicle and is already thinking of getting something new to get something that is more fuel efficient. Maybe get a 5cyl Colorado instead of a 1500 with a V8… that sort of shit. Plus it gives people a big incentive to BUY, which is what the economy needs right now.

thats not my point. i’m joe schmoe… i make 25 k a year and drive a 93 grand am worth 1,500… the gov wants to give me $2500 towards a purchase of a car… the $2,500 still doesnt make a difference because i can’t take on a $300 plus car payment and raised insurance.

i see the point ur making but look at it this way… lets tempt people currently without a car payment into buying a new car and goin into debt again… maybe it will tempt people into buying something they really cant afford… isnt that what happend with the housing market? tempted people into buying houses they really couldn;t afford.