Cash for Clunkers Bill in Congress

Friday March 20th, 2009 at 8:33 AM
Posted by: m35man

clunker car

You know that old Studebaker your Uncle Freddie has in his back yard? The one that makes strange noises and smokes like a paper factory every time he takes it out for a spin? Everyone knows someone who has an old beater like Uncle Freddie’s.

Well, if you can convince old Freddie to give the vehicle to the government and buy a hybrid, for instance, he might just benefit from a stimulus package designed just for people like him who are holding on to old cars that would be better for the environment and everyone in general if they were taken off the road.

If a proposed bill to give consumers turning in old beaters cash vouchers worth as much as $7,500 to buy new, more fuel-friendly cars passes, Uncle Freddie will be in the pink and the Studebaker will be history.

This is the type of forward-thinking innovative legislation we need right now. Getting old fossil fuel-only burning cars off the highway is beneficial for everyone involved. Consumers get a price break on a new car. A fuel-efficient vehicle is added to the American fleet. The dealer selling the car makes a much-needed profit on the vehicle. And the salesman working for the dealer makes a hopefully healthy commission and keeps his tenuous job yet another day. I mean, I’ve heard of a win-win situation, but this is a win-win-win-win situation.

Read more about the Cash for Clunkers stimulus program, as reported by the Detroit News, after the jump:

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Buying a New Car Doesn't Have to Be Stressful

Friday January 9th, 2009 at 1:11 PM
Posted by: m35man

new car keysPeople are wary of buying a new car during this shaky economy and who can really blame them? There are many questions out there and very few answers. For instance, will GM, Ford or Chrysler be around in three to five years? How tough is it to secure an auto loan right now? How will buyers be able to cover their car payments if they suddenly lose their job? And are there any advantages to buying a new car now?

Our first bit of advice to you is this—take a deep breath and relax. Getting caught up in all the gloom and doom and letting negative thoughts about purchasing a new vehicle creep into your psyche will only stress you out.

Read the rest of this entry »

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