Comments on: Link Round-Up – No Rest For The Weary Edition

By: Wizard Prang

Wizard Prang — Mon, 22 Feb 2010 14:21:08 +0000

@Dave: Thanks for the shout-out!

@Sandy: As Dave said, I never mentioned anything about credit vs. cash purchases.

If you are correct and the majority of buyers paid cash, they were probably planning to buy a car anyway. In those cases, it didn’t stimulate new sales, is just them moved up.This proves my point – that Cash for Clunkers was largely unnecessary.

Whichever way you slice it, it is still a bad law.

By: Dave Ozment

Dave Ozment — Sat, 03 Oct 2009 00:02:23 +0000

Thanks for the great material!
Dave

By: Bucksome

Bucksome — Wed, 30 Sep 2009 12:37:03 +0000

Thanks for including my article.
Bucksome´s last blog ..5 Ways to Save while Cruising

By: Dave Ozment

Dave Ozment — Wed, 30 Sep 2009 03:02:33 +0000

Very interesting Sandy… in fairness to Wiz, the comments about increased repos was mine. It is interesting to hear your perspective based on your job opportunities. I hope you’re right as I’d hate to see a negative backlash. I’d love to see an unexpected (to me) positive impact.

I see people with clunkers – who are more typically lower income folks – be rewarded to secure a car loan and I cringe 3 ways from Sunday. But that’s just my opinion from a removed standpoint. It will be interesting to see… thanks for sharing!

Dave

By: Cheapskate Sandy

Cheapskate Sandy — Tue, 29 Sep 2009 07:34:06 +0000

In regards to Prang’s post I can tell you that the vast majority of C4C buyers came in paying cash for their vehicles or were more financially qualified than previous buyers due to stricter lending policies making it harder for buyers to qualify for loans (I do this for my daytime job). Approximately 40% were normally used car buyers or first time vehicle buyers. The other 60% would have purchased a car anyway and just waited for the deal. I say the default rate will be much, much lower than it is now.
Cheapskate Sandy´s last blog ..Finance 101: What the Heck is Peer-to-Peer or P2P Lending?