I was hurting there, finally got the ok to work from home and I was able to stop driving. Went from 210 a month to 120 a month. Now its down to about 40 a month .

Loving that !

 

That is Brilliant. It could simply be a tax rebate, and specify a min mpg and warranty coverage, like 12 years/150,000 miles. Now you got incentive.

 

That does seem like a good idea on the surface, but what happens next year to auto sales when every tax payer has an almost new car completely paid for? Most everyone who would buy a new car will already have one and not need another one. The automakers would record profits for the first year, and next to nothing for at least the next couple/few years after that until the consumers are ready to buy another car.

If I have a new car that was basically given to me, I wouldn't be running out and buying another one anytime soon, or the following year or two after that. And because I think most people probably would do the same, that is going to crush the automakers in the coming years. Just a different take on it I guess.

 

Yeah, well consider the extra property taxes, fuel, maintenance and not everyone will get one, just those who are not a burden on the rest of us like the welfare and the ones who make over "$250k"/ year. And if you want, spread it across 3-4 years. It will do more, I mean if were gonna give them money, we should get something right?

:santa:

 

Now something like that might work. Good call.

 

Good point, plus It's a tall order to make all those autos in one year.

I do think to a point we are already in that situation in that many already have a newer car and can get by with it, plus it's a bad time to be taking out a loan or spending your cash reserve on a down payment.

One more "just another take on it" is what will we do with the supply of used cars replaced by these new ones?

 

Sounds like we'll have to create more jobs to sell the good used vehicles and destroy/scrap the others. Or donate to people who need them to get to work or help take care of their kids. Or even donate them to England so they can study them and learn how to make a REAL vehicle.

 

I figured someone from Detroit would like that answer

 

I'd rather have a Tax Holiday rather than another stimulus package or bailout. Anyone paying income tax or FICA taxes would not pay those taxes during Jan and Feb. I'd love to take home my entire paycheck for two months. That would help me out a lot more than Citi Group getting another 170 billion dollars.

https://www.f150online.com/forums/ge...n-bailout.html

 

Not that I'm complaining, rather celebrating, but again, why does a barrel of oil go from $147 or whatever to $40? This in 4 months. Trading? Don't tell me demand dropped that much. Oh well, never understood this when it was going up, won't going down either. Alls I know is, this is probably the best stimulous blue collar people have seen in years. I saw gas at $1.47 cash last night outside Detroit, $1.54 credit I think. Welcome back sane prices.

 

NYMEX-Crude ends below $41 as jobless ranks swell

"January crude traded from $40.50, the lowest since $40.25
was hit on Dec. 13, 2004, to $44.47."

"From a week ago, NYMEX front-month crude has slid $13.62,
or 25 percent. From the record $147.27 hit on July 11, prices
at the day's low had fallen $106.77, or 72.5 percent."

I bought my 08 July 11. I remember the talk on the radio that day because it was a big decision buying a new truck when gas was around $4.29 a gallon and most people were running away from trucks. They were saying that investors were pushing up the price of oil by buying up oil futures. They said there is no reason for a barrel of oil to be at $150, and reasoned it would start to go back down soon. I agreed with their reasoning, and I'm still of that opinion today.