Quote:
Originally Posted by Speedy1975
This is all actually pretty scary and could change the face of the car business as we know it.
On the flip side of that, those who are able to buy will likely get killer deals right now. Dealers will practically give the cars away to lower their monthly expenditures on insurance, lot space, etc.
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I agree, I don't see how anyone can be happy about any part of this story.
The economy is going to shit and unemployment will shortly skyrocket.
Credit may soon become nearly non existent.
Don't have cash you will HAVE to keep that old car going or walk.
The 25 billion dollar bailout for the big 3 may be money down the tubes.