Quote:
Originally Posted by Pleasurepays
what does that have to do with dealers paying people 4500.00 for their piece of shit car or or the program itself have to do with traditional business models?
(hint)
... nothing
thanks for playing.
|
Here's what it has to do with it...
Quote:
Originally Posted by Pleasurepays
1) you have a business in distress
2) the government offers a program to pay 4500.00 or whatever for cars
3) the DEALER (the business in distress) fronts the cash
4) the dealer is now out the money and needs to be reimbursed
5) the DEALER continues every day pouring money out the door in this manner
6) you can only lose money for so long, before you're fucked (unless your a liberal jackass that seems to think that money is just "that stuff you get to print unlimited quantities of, while selling treasury notes to the chinese")
|
The Cash for Clunkers rebate was a CREDIT (read: C-R-E-D-I-T) toward the purchase of a new vehicle. That doesn't mean you buy the car at regular price and the dealer hands you $4500 in cash. That means that you buy the car at regular price MINUS $4500. The dealer did not front you the cash. The dealer did not pay upfront for the car, it's generally financed through a variety of floorplanning programs. And unless they are required to pay the finance company for each car they sell at the time of sale, then they are not out anything other than the difference in the financing interest from when they COULD'VE paid to when they DO pay. And I guarantee that few dealers pay their floorplanner back car by car by car anyway.
That's "what does that have to do with dealers paying people 4500.00 for their piece of shit car or or the program itself have to do with traditional business models."
Thank YOU for playing.