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What do you see happening if the cars for cash bill passes?
Are we going to create an automobile bubble that will burst like the housing bubble and once again default on loans?
2 Answers
- correrafanLv 71 decade agoFavorite Answer
Not a lot different than right now. Several Chrysler dealerships in my town just closed their doors and had their surplus inventory hauled off to the local car auction. Customers got about 2 weeks to buy Chrysler cars for about 50 cents on the dollar. Those who still have their clunkers can't afford to finance a new car anyway.
Source(s): Seen it. - Anonymous1 decade ago
Yes. that is exactly what will happen maybe not as large a bubble but the crash will be just as hard.
- Anonymous1 decade ago
I see a lot of obama supporters turning in their clunkers, until they realize the new cars aren't free...
WHAT? we have to PAY for a new car too?
Damn this is racist !