Cash for Clunkers reminds me of the beginning of the housing crash. Interest rates went down and that would have been fine if housing prices remained the same. You absolutely would have been getting “more house” for your money. However, that wasn’t the case because greedy real estate brokers convinced sellers to ask more for their homes because borrowers were qualifying for more money. And we all know how that turned out.

Clash for Clunkers stinks, too. Car dealers are not giving the customer the best deal with this rebate and they are making money handout over fist. I’ve been watching car commercials on TV and God Almighty, talk about some slimy math.

You never, ever, fucking EVER pay full Manufacturer’s Suggested Retail Price. If you do, you’re a moron. Do you have any idea what the markup is on cars?

Here is a typical deal as seen on TV.

Mfg. Suggested Retail Price: $20,000
Cash for Clunkers Rebate: -$3,500 or $4,500
Less discount: -$1,000

What’s wrong with that picture?  The customer is NOT getting the best deal they can and the car dealer is making a fucking KILLING on the deal because the discounts being given are next to nothing.  A $1000 discount on a new car ain’t shit. 

The dealer gets the rebate back from the government and rolls a $20,000 car off the lot for a fat $19,000.   The customer should be making their absolute best offer on the car and THEN and ONLY THEN should that rebate be applied, thus bringing the final price down even lower.

The Cash for Clunkers program ends next Monday and there is going to be a run on car sales over the weekend.  However, these dealers are worried that the money’s going to run out and they won’t get their rebate reimbursement.  It’s first come, first serve, but they have no way of knowing how much money has already been used up.  The dealers are crying like a bunch of sissy little girls that they’re taking a risk by continuing to give rebates over the weekend.

Don’t you dare feel sorry for them.  You’re high if you think the dealers are going to be losing money on the deal when the rebate money runs out.

Yes, it gets polluting cars off the road and puts cars in the hands of people who otherwise may not be able to afford them, but it’s another bailout that you and I are paying for to line the pockets of someone else.  First the car manufacturers and now the car dealers.  fuckers