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Do you think Germany giving its citizens $5K on old vehicle to buy new one is a good stimulus?
The German government has enacted this new program to encourage the sales of new, more fuel efficient, lower emission new vehicles. Sounds like a good plan to me. Why doesn't the US adopt a program such as this. Our car industry is at an all time low because people just cannot afford to buy a new one in this tough economy so they keep sticking money into their old vehicles.
2 Answers
- Anonymous1 decade agoFavorite Answer
Why doesn't the US adopt a program such as this. Our car industry is at an all time low because people just cannot afford to buy a new one in this tough economy so they keep sticking money into their old vehicles.
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If you are like most Americans who bought shiny $40,000 cars by the pair and also added a $300,000+ house on a burger flipper's salary, you're credit is trashed and savings to put down on a new car are a fantasy.
- SteveLv 61 decade ago
I'm curious where you read that. There's an old wive's tale that America did that too but it never actually happened.
