WE INVESTED IN GM AND CHRYSLER

[6birds]

mrjarrell-Nope. I'll buy what I want and select the best item for the best price, regardless of its origin. Absolutely, I buy it when I need it, or sometimes when I want it, not when it suites someones socialist agenda. Well said!


kludge-So they finance $25,000 of a $29,500 car.
The banks then charge interest on their newly found fake money. And you wonder why the rich get richer. Well said!
I buy it when I have the cash for it, and with auto's starting out too high, and depreciate as fast as they do, you'll never see me take out a loan on a car.

They are taking out a $25000 loan on a $19500 car, and when they get pinched on taxes and insurance, pay bills with a credit card.

kludge- And you wonder why the rich get richer.
Nope, that why I'm on the right side of the lend-or-spend equation, I'm making money off of this too.

 

[SavageEagle]

I'll never understand why anyone wastes money on a brand new car. 3 years ago I got to see the manufacturing cost of a Cadillac DeVille. Fully loaded, with most options, it cost $12,000 to GM to build. The cost of the car from the dealer was $42K+. MSRP was around $48K.

Cost = Supply + Demand. I know this. But why on God's Earth would you pay 300% what the car is REALLY worth? I'll stick to older cars and truck that I can actually work on still myself and ones that I'm only paying for what they are REALLY worth. That way I'm not taking a loan out and oweing anyone anything except insurance.

If this CARS program was expanded to EVERYONE 18 and older with enough money to fund it as such, it would decimate the used car market and most of the good reliable cars still left in America would be trashed or sent over seas.

i heard from a dealer that some newer vehicles traded in on this deal wouldn't be trashed, but GIVEN to foriegn Countries. Don't know if that's true, but if it is.... :wtf:

 

[Disposable Heart]

I gotta get into this!

I bought a Hyundai Sonata, used, low miles, love the car. It has served me VERY well the past year and at the looks of it, should be chugging along just fine. Did I buy it to be anti-American? Naw. Did I buy it because I liked it? Sort of. Did I buy it because it was a (in my opinion here) better built car compared to the inefficient "economy" cars made by the US? Yeah.

Condemning people that dont buy American is a bit strange. Yes, the arguement stands. Some products I just dont care about. A chair from China, jeans from Sri Lanka. Why do I not care about them? Because I have yet to find ONE American company that makes em! What about cars? Well, if the US would make a car that I liked, not only in form, but also function, then I would have bought one. But when the US's idea of "fuel economy" is 25-30 MPG, then sorry, Ill stick with my inefficent 35 MPG car made mostly in Korea!

Rant off! Argh! Time for a Cold one! An American Cold one! (at least they still got that right! )

 

[Spot Me 2]

To the OP. Maybe people didn't want to but a car froma company owned by are government. Thats what I get from the results. Ford and the Japanese manufactures did well. Government motors vehicles not so much!!!!!

 

[Boilers]

Well SE there has been more than one person I've heard from that suggests some new car deals are better than used car deals at the moment.

 

[SavageEagle]

Well SE there has been more than one person I've heard from that suggests some new car deals are better than used car deals at the moment.

Only in warranty maybe. But same model and make, new vs used, I'd LOVE to see an example.

 

[Paco Bedejo]

Examples... the plates you eat off of, the silverware you shove food in your mouth with. the clothes covering you body the shoes on your feet and the list will go on forever. The tv you watch, the dvd player, camera, camcorder, computer. It is all made over seas. The knowingly buying stuff that is cheap can be anything from the paper-towel holder you have in your kitchen. If you have bought almost anything at Walmart in the last 10 years... 98% of it is crap made by some 4 year old foreign kid.

csaws, you seem to be confusing "foreign" with "junk". That's a very ignorant stance to take.

My plates didn't come with gold stickers. My silverware didn't come with gold stickers, & I don't buy clothes with stickers on them...do you shop in juniors?

I'd love for you to point out some quality OR value American companies who manufacture TVs, DVD players, cameras, camcorders, & computers at competitive prices.

I find it hard to believe that EVERYTHING you own is a quality product.

Only some of the things I own are quality products. Others are VALUE products. Yet others are junk which were poor choices.

I refuse to prop up an industry which fails to adapt. I really don't care if your brother's wife's uncle works for GM & is worried because he might lose his $25/hr unskilled laborer position. You'll have to excuse me if I don't have much sympathy for Union Goons while I'm working as a Project Engineer/Project Manager/IT Manager for $15/hr.

 

[longbow]

The company I work for dumped Gubermint Motors and switched to Ford. We purchase 350 or so cars a year...

 

[henktermaat]

CRAP, Then, I invested poorly.

 

[SavageEagle]

Let me ask this....

How many of you own all American made firearms?

I have one of 5. Unless Mossberg Shotguns are made in America, but the Barrel was made in Mexico...

 

[mrjarrell]

I've got a few made in the US. Others, just as good if not better, were made in Italy, Brazil and even one awesome one in Japan (for an American company). Buy American is a nice sentiment from a nationalistic or union viewpoint. Reality is a whole different thing, tho.

 

[indykid]

I am trying to understand this "foreign car profit" thing. Say I buy a Honda made right here in Indiana. The work force that builds it makes money. They pay taxes to their county, the state of Indiana, and the US government. They shop in Indiana stores like Kroger, Meijer, Marsh, Target and others keeping those people employed.

Say I buy a Chevrolet Camaro. Good old USA Iron right? Wrong. It is made in Canada where the workers pay taxes to the Canadian government. Score ZERO for the USA. They buy their clothing and food in Canadian stores. Score ZERO for the USA. But the "profit" goes to General Motors.

I don't get it.

 

[6birds]

I am trying to understand this "foreign car profit" thing....

I don't get it.

Yes you do get it, he doesn't.

 

[SavageEagle]

Wrong. Mark up. If that car made here by a foriegn company costs $5K for them to make, but sells for $20K, that $5K goes to the workers who make them here and the taxes and whatever go here, but what happens to the other $15K? Do you really think that money stays here? Where is Honda from? That's were the profits go. They don't stay here.

I'm not saying don't buy foriegn. But I'm also not saying that buying American is stimulating foriegn economies either. If we encourage manufacturing HERE our American Companies will come back HERE. But Washington doesn't think about that.

 

[melduagun]

invested gm and chrysler

WE CAN ALL THANK OUR LUCKY STARS THAT IN THE WORLD WARS WE FOUGHT (2) OUR COUNTRY STOOD TOGETHER OF ONE MIND AND ONE PURPOSE "TO PRESERVE OUR COUNTRY" AND OUR WAY OF LIFE. THE MOST PROSPEROUS,STRONGEST, COUNTRY IN THE WORLD THAT NO ONE COULD STAND AGAINST NO ONE COULD DESTROY IS BEING DESTROYED FROM WITHIN. THIS WAS FORETOLD IN THE EARLY 1960S BY "NIKITA KRUSCHEV".YOU SPEAK OF PROTECTIONISM LIKE IT WAS A DIRTY WORD, IF WE DONT PROTECT OUR OWN THEN WE DESERVE TO LOSE OUR OWN. AND WE WILL!

 

[photoshooter]

please turn off your caps lock key

ALL CAPITALS ARE VERY ANNOYING TO READ!

Since Indiana is home to at least two different brands of auto assembly plants, buying a Honda or an Isuzu does protect our own Indiana worker.

 

[melduagun]

FORD GM CHRYSLER

DON'T YA JUST HAVE TO LOVE THIS WEB SITE! MY PERSONAL OPINION OUR PROBLEM LIES AT THE DOORSTEP OF OUR GOVT.FREETRADE, FAIR TRADE,HA IF YOU CAN CALL THIS FAIR TRADE 'GOT SOME AZ. OCEAN FRONT PROPERTY, NUFF SAID,. THE GENTLEMAN WHO LISTED ALL OF THE THINGS THAT HE OWNED I THINK WAS POINTING OUT WHERE THE JOBS THAT WE HAD ARE ""IN ANOTHER COUNTRY"". SO I SAY WHEN EVER YOU CAN YOU SHOULD SUPPORT YOUR AMERICAN COMPANY'S. WHEN IT COMES TO BUYING QUALITY PRODUCTS ""MADE"" IN THE USA, WE HAVE A PROBLEM "MOST ALL OF OUR EVERYDAY PRODUCTS WE USE ARE PRODUCED IN OTHER COUNTRIES. THERE IS WHERE OUR JOBS HAVE GONE. "" WHAT MADE OUR COUNTRY GREAT WAS OUR INDEPENDENCE"" WE ARE NOW DEPENDENT ON FOREIGN COUNTRIES FOR MOST ALL THINGS THAT WE USE. WHEN YOU'RE CHILDREN IN THE FUTURE CAN'T FIND A JOB PLEASE GO AND BUY YOURSELF ANOTHER FOREIGN GADGET. BRING OUR JOBS BACK AND LETS ONCE AGAIN ROLL (MAKE ) OUR OWN. (PROTECTIONISM). NO JUST OLD TIME COMMON SENSE. TAKE CARE OF YOUR OWN.

 

[mrjarrell]

"Profits" for Toyota and Honda don't go to Japan, SE. They go to the stockholders of the publicly traded company. Those people are located all over the globe, many right here in the US. That 15K goes to pay American bill, mortgages and retirements. And they do so in an ethical manner. Chevy and GM stockholders are going to get pennies on the dollar, if they're lucky. They, unlike Americans who own stock in Honda and Toyota and other publicly traded companies will get value for their investment. That's the way the market works in reality. In nationalism land it's easy to demonise a "foreign" compnay, but the truth of the matter is that Japan hasn't nationalised their companies. They still exist in the free market and the money goes to folks who have invested their hard earned money in them.

 

[melduagun]

turn off caps lock? Hey, just larnin this hure thang.t.hanks for thuh immput. wildoo.

 

[indykid]

Just to pick on Honda. They have major engineering offices in the USA. The Accord was an American design, as well as many parts of the others in their line. They have testing facilities in the USA as well. The old Ohio Transportation Research facility, which has one of the largest test tracks in the world is now owned my Honda using American test engineers to make sure their vehicles live up to their high standards.

They buy American steel for their cars, cast their engines in the US. Have invested in several new plants as well as upgrading old ones.

They are also listed on the US stock exchange, so much of the profits that don't get rolled back into engineering, testing and facilities goes to the American investors.

I guess Honda is a bad choice to compare to, since they have become as close to an American car company as any. They still do make some of the cars sold here in Japan, and their world headquarters is still in Japan, but they have a huge staff of 100% Americans running the show here.

Having had GM put food on my table for the last 25 years, I feel I can say that when it comes to reinvesting in the US auto industry, they left a lot to be desired.