thanks

cashforc: Was there some subliminal message & multible meanings when you rolled out the http://www.nocashforclunkers.com website? ;~0

Editor

Always trying to stay one step ahead….

“I have not charged the Purchaser any additional fees for participating in the CARS program in this transaction.”

they were lying. Let me guess, you were not doing CARS deals at anything less then sticker – CARS and rebates beacuse “they are already getting so much”

“My dealer not only did not give me the scrap value (even though I told them they needed to) they also charged me an extra $30 to dispose of the tires. I bet the scrap yard sells the rims and tires for a $100 or so…”

The reason we have more than 35% submitted is because we have people entering deals until 230 am every day.

The 30 dealerships I know have more than 1200 cars sold and are more in the 40% range submitted. If the rest of the country is anywhere close to us it sure seems like a billion will go lightning fast.

I am not saying that there may be a possibility that this will all slow down soon , but PLEASE don’t blame dealers for hyping this. I wouldn’t pay five cents to promote or advertise for customers. I am terrified that I will not get paid the roughly $300,000 I need to collect from Uncle Sam right now.

Come on out to my dealership and watch people who are working 18 hrs a day to process your deals and tell me you think WE are hyping anything. If the money runs out early it is the dealer who will be screwed.

Trust me, they either will add money to this or it will be over soon. Not saying that to get you in the store either. I don’t need anymore deals. I need to get paid on the deals I have already done.

We believe that the $1 billion will run out quickly. $17 million processed yesterday. $52 million today. Tomorrow?

Once a clunker car is disabled and the application rejected…and a car has been put on the road..now its no longer new….how do you back out the deal?

Editor

I could not be happier.

I suspect the program is already seriously oversubscribed. Our local paper says Dennis Hyundai has already accepted 131 clunkers from Friday to Monday. They don’t even yet appear on the dealer list. Ricart imports accepted at least 35 on Friday alone and now tells me they have done over 200 deals. There is only funding for an average of 12 clunker rebates per dealer. Franklin county has about 1Million people and that implies our share of vouchers would be less than 1000 for the entire county. With many other dealers in the county, I suspect well over 1000 deals have already been signed, with many of them not yet reported to NHTSA. Without electronic vouchers being approved before or at the time of the sale, there is huge risk that NHTSA won’t even know that there are insufficient funds for the deals that have been made. Dealers can’t back out of denied deals after the trade-in vehicle has been destroyed. Who will pay for these unfunded rebates when the shit hits the fan?

Fred we are not trying to create a “rush on the bank” but to provide feedback that the NHTSA hotline or the national media is not confirming.

1. Dealers are having a big problem getting trades into the NHTSA system. It boots them out during the submission process.

2. Some dealers that have completed 20, 30, and 40 CARS trades have entered ZERO trades into the NHTSA reimbursement system. I personally know these dealers and they are not lying to me.

3. The numbers that NHTSA announced yesterday are approved sales and not submitted sales.

4. Dealers have written to say that they have input 30, 40 and 50 sales and have gotten ZERO confirmations. That speaks to a backlog issue from the number of sales that were booked starting July 1st.

5. Some Dealers who have done CARS trades are still without a valid login and password as of today.

6. Dealers have no “gauge” of when the money is running out since everyone knows about the backlog and that scares them.

7. Dealers are waiting till they get final confirmation to complete deals and for some consumers, this is a long wait.

The NHTSA has confirmed that 20,000 dealers are registered. 200 dealers today (1 %) have sent us stats and the average number of deals that they have done is 12 sales. Of the over 2,000 sales, only 35% have been submitted to the NHTSA.

So if you can believe that car dealers have at least 12 deals in the pipeline from their local markets, on average, then this program can’t last long. The maximum number of vehicles this program can accomodate is about 240,000.

We have HUNDREDS of emails from consumers saying that they plan to purchase a car in September and October. That in our opinion is a fantasy. We are advising consumers not to wait since additional funding is not a sure thing.

Once the NHTSA figures out how to put up a web server that doesn’t boot dealers off every 20 minutes and once dealers can get their customers to sign all the NEW paperwork that was delivered to them on Friday, the flow of submissions will be significant.

When that happens, the numbers can not justify that the program lasts until September. With that in mind, we are encouraging customers to do the math and make their own decision.

Since we are not a government website, we can speak openly. We were the first to report that Fuel Economy data was changing. We have been the first to break many news items on this program.

We have been following this bill since May so we are not bullshitting anyone here.

If you don’t act now, you’ll lose out!!!
Dealerships all around the US are reporting that by this weekend they will have sold 30 cars each under the CARS program.

Oh no, I’ll miss out!!! I better rush down and buy a new car today.

MARKETING, MARKETING, MARKETING…

When it comes to the car industry, they will tell you anything to get you to buy a new car. This site is basing their numbers on what the dealerships are telling them. Its in the interest of the dealerships to create this illusion that the piggy bank is going to be empty by the end of this week to help boost their numbers for July. Lets face it, there are only 3 days left for dealers to improve their numbers for July, people have just not been buying cars in the past months. They will tell you anything to get you in!!!! This also explains why the claimed 65% of sales are still offline, they don’t exist!!!

Also, this site is a marketing site. Their interest is in making money. The more web hits, the better they can leverage themselves for advertising. Good job guys, you are amazing marketers!!!

I don’t think any money is left as it is. They need to get it funded more.

Any website?

I have a clear registration but just not the title paper.

They should take care of this problem. I fear all the money will be gone by the time our broke state can issue the proper documentation.

I have checked a number of dealers and they all say the government instructions tie their hands.

Here is the verbiage from the TheRule.pdf (pg 6) (implementation rules on the program)
(4) require that dealers disclose to the person trading in an eligible vehicle the best estimate of the scrappage value of such vehicle and permit dealers to retain $50 of the amount paid for the scrappage value as payment for any administrative costs of participation in the program;

In my opinion this area of trade-in-value is going to be abused. Most people don’t know what they really should be getting and somebody is going to be pocketing your money!

I think I will wait a bit and see if the dealer discloses anything to me when I pick up the vehicle. Maybe I will wait a few weeks until the dealer sells the vehicle to the scrap yard and then I might be ble to get what the dealer gets (less $50)

“The program requires the scrapping of your eligible trade-in vehicle, and that the dealer disclose to you an estimate of the scrap value of your trade-in. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate.”

If did not get the ‘net’ salvage value of the car that you submitted then you got cheated. File a complaint with the CARS.gov. If found guilty they will pay a $15,000 fine per car sold under those conditions. It’s your money and not the dealers. It has nothing to do with the $4,500 that either you or the dealer receives by whatever means. Folks, this is the auto industry who are well known for their crooked dealings. It’s a business deal and neither of you owe the other party one dime more or less than what the rules of the program allow.

Many behind the curve dealers for sure who are creating confusion by being backwards and stupid and totally unprepared. Very frustrating if you end up dealing with one.

It is required to tell the customer the scrap value and to give them that so that is a mistake by the dealership probably though major incompetence.

E

Anybody get anything in written about the scrap value ?