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Posted by John R. Dunn on Thursday, August 06, 2009 at 09:23:41 :
In Reply to: Re: Cash for Clunkers - most clunked posted by mannyc on Thursday, August 06, 2009 at 08:57:02 :
I wonder how many of the people taking advantage of this program are making enough money to pay for the new car? They probably traded in one that was paid for, had to only carry liability insurance, and could work on it themselves. Now, they have a nice ride, pay for full coverage insurance, AND have a payment every month. When they have it repossessed by the lender, who is going to pay for that?