Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Car makers will get desperate (Original Post) brokephibroke Mar 2020 OP
And if they offer $5000 cash back to buy the car ... Beakybird Mar 2020 #1
We need another junk-car bill..... getagrip_already Mar 2020 #2
Buy new ??? SamKnause Mar 2020 #3
Well, it was a popular program in it's day..... getagrip_already Mar 2020 #4
I own a 1987, 1972, and a 2000 model vehicles gay texan Mar 2020 #7
Actually I think it will work the other way gibraltar72 Mar 2020 #5
As I recall they were all melted down. safeinOhio Mar 2020 #6
Why? They will have hard time replenishing their inventory, no? question everything Mar 2020 #8
Interest rates are at record lows brokephibroke Mar 2020 #9

Beakybird

(3,391 posts)
1. And if they offer $5000 cash back to buy the car ...
Thu Mar 5, 2020, 01:35 PM
Mar 2020

I will offer to not buy the car for only $500 cash back.

getagrip_already

(17,430 posts)
2. We need another junk-car bill.....
Thu Mar 5, 2020, 01:43 PM
Mar 2020

Pay people to get those old gas guzzlers off the road and buy new.

Won't happen under trump and a gop senate, but under a dem.....

SamKnause

(13,802 posts)
3. Buy new ???
Thu Mar 5, 2020, 01:59 PM
Mar 2020

How does one do that on $1,156.00 per month ???

My house payment, property taxes, and insurance is $650.00 per month.

My vehicle is a 2003 model.

I drive less then 500 miles per year.

I live in a very rural area.

It is a 22 mile round trip to the closest grocery store.

It is a Save A Lot.

Many of us out here live in poverty.

Maybe some billionaires will buy us some replacement vehicles.

getagrip_already

(17,430 posts)
4. Well, it was a popular program in it's day.....
Thu Mar 5, 2020, 02:06 PM
Mar 2020

I'm not sure if you even had to buy another car. What happened was you had to apply to a gov websire with the car particulars and they would give you a junk it price - which was much better than it was worth.

Once you were approved, you had to take it to a participating mechanic who would basically destroy the engine so it could never run again and sent it to the junk yard.

You got a check directly.

I have 2 cars (one my daughter uses to go to work in everyday), a 1995 and a 2008. So I hear you on old beaters.

But alas, nobody is going to give anyone a new car. But programs like this can get you a leg up on a newer one while still helping the environment.

gay texan

(2,860 posts)
7. I own a 1987, 1972, and a 2000 model vehicles
Thu Mar 5, 2020, 03:12 PM
Mar 2020

Paid for. Parts are dirt cheap, and they are easier to maintain. I've updated the 1972 to modern fuel injection with an overdrive transmission. Pollutes way less and gets double the gas mileage when it was new.

It doesn't make financial sense to me to purchase a new vehicle, and the software to diagnose them when there's a fault has become proprietary.

gibraltar72

(7,629 posts)
5. Actually I think it will work the other way
Thu Mar 5, 2020, 02:16 PM
Mar 2020

They are not going to have cars to sell. Also repair parts are going to be in short supply. This is a line of dominoes falling,

safeinOhio

(34,069 posts)
6. As I recall they were all melted down.
Thu Mar 5, 2020, 02:39 PM
Mar 2020

That along with high scrap prices a few years ago put a dent in the used parts market. We fix and drive a lot of old cars in my neck of the woods.

question everything

(48,797 posts)
8. Why? They will have hard time replenishing their inventory, no?
Thu Mar 5, 2020, 03:41 PM
Mar 2020

And, yes, we are planning on replacing the 2007 Toyota Highlander with, probably Subaru Forester. The Highlander is OK, but we've got used to, on my 2014 KIA to rear camera and Bluetube..

brokephibroke

(1,884 posts)
9. Interest rates are at record lows
Thu Mar 5, 2020, 03:44 PM
Mar 2020

And panic over Corona is growing. Many parts are now coming from Mexico.

Btw, I have a 2015 forester (my second). Highly recommend. Unfortunately they dropped the turbo.

Latest Discussions»Culture Forums»Personal Finance and Investing»Car makers will get despe...