[ QUOTE ]
If they can't make the payments they should not have gotten the loan anyhow
[/ QUOTE ] BUT THEY DID
Cash for clunkers will be one of the biggest FAILURES of all time
Have a friend that work in GMs finance
And was telling me yester day this will be much worse than the sup prime mortgages . told me about 80%
Of the people that fell for this CAN NOT AFFORD the payment and had no business buying a new car they can not
Afford the monthly payment Plus higher insurance If they could not afford the gas in there old car there is no way they and afford a new car The only one that will make out on this mess is the repo man and then all the banks will be crying about of all of the new cars they have on their hand sitting on the banks lot
What is a same is some good cars got junked because of this scam . But I have be told a lot of the nice cars went some were in the mid west to be restored because by Dec there will be a demand for them