Good For New Buyers , A Rip Off For Owners

[Shroomster]

Originally Posted by tuckevalastin

Cash for Clunkers is most certainly benefiting Asian carmakers more than the US automakers. The regulations of the program pretty much ensure that. Not only are people using this program to buy Asian cars now but those Asian cars will last 5-10 years at least meaning those people won't even need to consider buying American for 5-10 years. IMO it would have been much more beneficial to make this program actually benefit the US auto industry, at least then it would benefit something our government has already invested heavily in.

The program appears to be about 80% show and 20% go. The one upside is that it has managed to bring 250,000 buyers into dealerships this week. The list of downsides is very long.

they may be based out of japan, korea, wherever, but check out the number of plants (thats manufacturing plants) and offices they now own and operate here in the states, mexico and canada.

besides china holds most of our U.S debt. <<<off topic but ya know.