Comments on: Buy a Car … Now? http://www.mpgomatic.com/2009/02/10/buy-a-car-now/ where gas mileage matters Wed, 08 Sep 2010 14:19:19 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Cash For Clunkers: The Consumer Assistance to Recycle and Save (CARS) Act http://www.mpgomatic.com/2009/02/10/buy-a-car-now/comment-page-1/#comment-2459 Cash For Clunkers: The Consumer Assistance to Recycle and Save (CARS) Act Wed, 18 Mar 2009 17:23:49 +0000 http://www.mpgomatic.com/2009/02/10/buy-a-car-now/#comment-2459 [...] would be the maraschino cherry on top a growing ice cream sundae of incentives for Americans to buy a new car. Federal tax credits currently include a state tax rebate, as well as rebates on specific [...] [...] would be the maraschino cherry on top a growing ice cream sundae of incentives for Americans to buy a new car. Federal tax credits currently include a state tax rebate, as well as rebates on specific [...]

]]> By: Economic Stimulus Bill: What’s In It For Alternative Fuel Cars? http://www.mpgomatic.com/2009/02/10/buy-a-car-now/comment-page-1/#comment-2258 Economic Stimulus Bill: What’s In It For Alternative Fuel Cars? Wed, 18 Feb 2009 18:24:33 +0000 http://www.mpgomatic.com/2009/02/10/buy-a-car-now/#comment-2258 [...] I’ve written on these pages, this is a great time to buy a fuel-efficient car. There are tax rebates for certain hybrids and clean diesels - on top of the sales tax [...] [...] I’ve written on these pages, this is a great time to buy a fuel-efficient car. There are tax rebates for certain hybrids and clean diesels – on top of the sales tax [...]

]]> By: Mike http://www.mpgomatic.com/2009/02/10/buy-a-car-now/comment-page-1/#comment-2220 Mike Thu, 12 Feb 2009 16:11:35 +0000 http://www.mpgomatic.com/2009/02/10/buy-a-car-now/#comment-2220 Ah, welcome to the wonderful world of demand-side economics, or trickle-up economics, where the government creates demand for the things it wants you to buy… never mind the fact that it probably isn’t something you need. Used cars are still the best value. Also consider the unintended consequences of this action. If more people pay less for new cars, the resell value of those cars will be considerably less… resell value of new cars is already pretty crappy. Don’t forget that it was government intervention in trying to create demand for houses for people who couldn’t afford them by ‘influencing’ banks to make loans to these people. Ah, welcome to the wonderful world of demand-side economics, or trickle-up economics, where the government creates demand for the things it wants you to buy… never mind the fact that it probably isn’t something you need. Used cars are still the best value.

Also consider the unintended consequences of this action. If more people pay less for new cars, the resell value of those cars will be considerably less… resell value of new cars is already pretty crappy.

Don’t forget that it was government intervention in trying to create demand for houses for people who couldn’t afford them by ‘influencing’ banks to make loans to these people.

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