Apparently the cash for your junk car program has spun up even the most devout Obama fans. A friend of mine who regularly touts "Obama and me, we're gonna fix everything" is now on the list of Americans the Prez has pissed off.
I told him today, "You're probably the only American on the planet Obama hasn't pissed off yet." He proceeded to correct me. Apparently he's been trying to buy a car under the "we'll give you tax payer dollars for your junk car program". He's realized not only is it a scam, but that it is driving up the price of cars to an outrageous level. It has created a car bubble, to replace the housing bubble. Car dealers are loving it. "That's your man" I told him.
But even the car dealers know they have to milk it while they can. As one of them stated, "the bubble will burst and this well will dry up quickly".
So car buyers beware. There is no negotiating prices. No discounts. The dealers figure the gov't check is all the discount you need. They'll turn you away because they know the next sucker is right behind you waiting to get his gov't handout.
Be smart, keep your old clunker till the bubble bursts and the price of vehicles drops like a rock (kinda like the housing bubble). Then go shopping with the car dealers who will be begging for your business. Because today's dealers will just laugh you out the door if you try to negotiate.
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