Tuesday, August 4, 2009
Cash for Clunkers?
All of a sudden, everyone wants a new car...at what cost? How many buyers are getting into more debt? Most of these buyers will have to get a car loan. I have a clunker with no current car payment, but is it worth trading it in and getting a new car that will come with a five year payment plan? In my situation the answer is "NO", and in how many other situations is the answer no and they still do it? Doesn't the Obama administration see this?