File Under: Who Didn't See this Coming - Cash for Clunker Regret

[volinbham]

Buyers Feel Regret as Cash for Clunkers Final Tally Is Released

The new survey by CNW Purchase Path, of Bandon, Oregon, finds that of nearly 1,000 Cash for Clunkers participants, 17 percent say they have some or serious doubts that they should have made the new-vehicle acquisition.

"Primary reason: They are now facing a $275-$350-per-month car payment that didn't exist prior to acquiring the car or truck," said the report. "That amount, they say, could negatively impact the total family budget more than expected prior to buying the new vehicle."

In contrast, buyers' remorse hits about 6-8 percent of new-vehicle buyers within a month, said CNW Purchase Path.

 

[orangeblooded2]

1000 of 690,114 does not equal 17 percent. Or am I misreading the lay out of your first sentence.

 

[BigPapaVol]

1000 of 690,114 does not equal 17 percent. Or am I misreading the lay out of your first sentence.

I suspect it was 17% of those surveyed.
Posted via VolNation Mobile

 

[allvol123]

Those damn evil car dealers, excluding GM and Chrysler of course.

 

[joevol320]

those kids do not need to eat anyways. think of how the environment is saved. kids eat less food and the car uses less gas.

 

[volinbham]

Let's see, irresponsible lending and borrowing was at the heart of the financial meltdown.

I've got an idea, let's use tax dollars to encourage more irresponsible lending and borrowing!

 

[crazyguy]

Let's set an over/under on the number of weeks before someone calss for a CARS payment assistance program.
I say 4, but its probably more like 3
Posted via VolNation Mobile

 

[Vol Mania 21]

wonder how many ppl's cars will be repoed

 

[utvolpj]

wonder how many ppl's cars will be repoed

bad thing is that when they do get repo'd there won't be any cheap used cars around since the gov't destroyed them. Vicious cycle

 

[SavageOrangeJug]

Do you know anyone with a dealer's license?

In 4-5 months you can hit the dealer's auction. There will be MANY cars with less than 5000 miles on them. All the repos from cash for clunkers.

The auctions will be so flooded with these vehicles, you can probably buy one for a song.

That's my plan. :good!: