Comments on: Totally Clunked Out

By: dirtbogger

dirtbogger — Fri, 31 Jul 2009 16:57:04 +0000

CL, just to add to your statement. What if the value of the dollar goes to zero Hows the repo man gona get paied to come get it, hows he gona buy gas to come get it? Its mine now B___! Ha-Ha-Ha

By: CL

CL — Fri, 31 Jul 2009 15:04:47 +0000

If you foresee a massive inflationary cycle from the feds printing money as fast as they can spend it, then it can be argued that debt is a good thing (unless you think you might lose your job). That debt will be worth less to your lender as the value of a dollar drops. As long as the depreciation on the car doesn’t accelerate at the same pace, you got a bargain. Conversely, any savings you try to accumulate instead of buying the car will become less valuable.

By: dirtbogger

dirtbogger — Fri, 31 Jul 2009 14:40:21 +0000

Damn I was going to trade my old clunker spare vehical in on a Hyabusa!

By: The Organ Grinder

The Organ Grinder — Fri, 31 Jul 2009 14:11:12 +0000

Best comment so far on this fiasco (from a car dealer):

“If they can’t administer a program like this, I’d be concerned about my health insurance…”

By: Toyota Kawaski

Toyota Kawaski — Fri, 31 Jul 2009 12:30:16 +0000

Dam it i had a pinto i was going to trade in on a smart car

By: CL

CL — Fri, 31 Jul 2009 12:21:12 +0000

Go figure. Obama actually manages to stimulate something, and he finishes prematurely.

By: Rick

Rick — Fri, 31 Jul 2009 12:12:28 +0000

It’s a good thing to accrue debt? Just last week, the theme was to much debt….today, spend like theres no tomorrow….think I’ll continue to keep my clunker and have no car payment. Hemlock? No thanks……