Comments on: Cash for Clunkers – Final Numbers and Thoughts http://www.onemoneydesign.com/cash-for-clunkers-final-numbers-and-thoughts/ True Financial Freedom Wed, 08 Feb 2012 21:15:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: arthur http://www.onemoneydesign.com/cash-for-clunkers-final-numbers-and-thoughts/comment-page-1/#comment-2155 arthur Tue, 12 Jan 2010 19:05:55 +0000 http://onemoneydesign.com/blog/?p=2565#comment-2155 big problem I have with it. you get $4500 to go get a $20,000 new car that most people can not afford. Just because you can buy and make payments on a new car does not mean you can afford it. Dave ramsey teaches that if you are not a millionaire you cant afford a new car and the big loss of value over 4 years (new cars lose over 60% of value in the first 4 years). I say at the very least, if you cant pay cash for a car, new or used, you cant afford it. big problem I have with it. you get $4500 to go get a $20,000 new car that most people can not afford.

Just because you can buy and make payments on a new car does not mean you can afford it.

Dave ramsey teaches that if you are not a millionaire you cant afford a new car and the big loss of value over 4 years (new cars lose over 60% of value in the first 4 years).

I say at the very least, if you cant pay cash for a car, new or used, you cant afford it.

]]> By: Barry Crist http://www.onemoneydesign.com/cash-for-clunkers-final-numbers-and-thoughts/comment-page-1/#comment-193 Barry Crist Sun, 30 Aug 2009 18:16:37 +0000 http://onemoneydesign.com/blog/?p=2565#comment-193 This was good for the Japs(Honda, Toyota, Nissan) and the Seoul Brothers(Kia, Hyundai.) Obama gave GM and Chrysler to the UAW, so why not make it for American cars only? This was good for the Japs(Honda, Toyota, Nissan) and the Seoul Brothers(Kia, Hyundai.) Obama gave GM and Chrysler to the UAW, so why not make it for American cars only?

]]> By: Jason @ One Money Design http://www.onemoneydesign.com/cash-for-clunkers-final-numbers-and-thoughts/comment-page-1/#comment-192 Jason @ One Money Design Sun, 30 Aug 2009 16:11:22 +0000 http://onemoneydesign.com/blog/?p=2565#comment-192 Dennis, Thanks commenting! I thought it would be interesting to include what Dave Ramsey has to say about the program. Maybe there is more scrutiny on who is getting loans now as you mention, but the fundamental concern I have is the additional debt for the individual and our government. Dennis,
Thanks commenting! I thought it would be interesting to include what Dave Ramsey has to say about the program. Maybe there is more scrutiny on who is getting loans now as you mention, but the fundamental concern I have is the additional debt for the individual and our government.

]]> By: Dennis Sweatt http://www.onemoneydesign.com/cash-for-clunkers-final-numbers-and-thoughts/comment-page-1/#comment-189 Dennis Sweatt Sun, 30 Aug 2009 06:41:35 +0000 http://onemoneydesign.com/blog/?p=2565#comment-189 "Doesn’t this sound like the sub-prime mortgage problem all over again?" No,not even close. I spent three years in mortgage marketing. This time you have to show an income to debt ratio. I'm not sure how you come up with your comparisons. .-= Dennis Sweatt´s last blog ..<a href="http://sweattshop-graphic-artist.blogspot.com/2009/08/plutonian.html" rel="nofollow">The Plutonian</a> =-. “Doesn’t this sound like the sub-prime mortgage problem all over again?”

No,not even close.
I spent three years in mortgage marketing.
This time you have to show an income to debt ratio.

I’m not sure how you come up with your comparisons.
.-= Dennis Sweatt´s last blog ..The Plutonian =-.

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