HonestJon
2009-08-09 11:22:58
Something that I saw mentioned in an article elsewhere discussed what will happen after the program ends. All of the people who can afford a new vehicle (with government help) are clamoring to get one now. It has created great demand in the short-term, but there will be a large depression in the auto market when it’s all over. After the program ends, the folks who can wait to buy will wait because they will be hoping that the gubmint will institute another similar program.
Some very good comments here with regard to folks buying who couldn’t afford a new car before. How are they gonna pay now? (21. Delia and 20. boogieman7167 both hit the nail on the head!)
regards
