{"id":818,"date":"2010-01-22T14:26:00","date_gmt":"2010-01-22T18:26:00","guid":{"rendered":"http:\/\/www.calemonlaw.com\/blog\/?p=818"},"modified":"2010-01-22T14:26:00","modified_gmt":"2010-01-22T18:26:00","slug":"cash-for-clunkers-good-business-for-the-repo-man","status":"publish","type":"post","link":"https:\/\/www.calemonlaw.com\/blog\/?p=818","title":{"rendered":"Cash For Clunkers Good Business For The Repo Man"},"content":{"rendered":"<p><a href=\"http:\/\/www.calemonlaw.com\/blog\/?p=770\">Cash for Clunkers<\/a> seemed like a good idea at the time.  The influx of new car buyers gave the auto companies a glimmer of hope for the upcoming 2010 auto sales year and a chance to get rid of their stagnate stock.  Unfortunately, it also gave people who could not afford a new car the chance to buy a new car.  One week into the program all the funding had been spent which prompted Congress to authorize an extra two billion dollars on top of the original one billion.<\/p>\n<p>Consumers who purchased a vehicle under the government&#8217;s Cash For Clunkers program are now struggling to make the loan payments, with some cars getting repossessed.  Those who used the clunkers program had a repo rate over double those who didn&#8217;t use the government incentives.  Almost 1 in 5 clunkers program participants who took part in a survey this month said they regret buying a new vehicle under the program.  Faced with a new monthly payments many of the clunkers program users admit they didn&#8217;t think past the new car smell.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cash for Clunkers seemed like a good idea at the time.  The influx of new car buyers gave the auto companies a glimmer of hope for the upcoming 2010 auto sales year and a chance to get rid of their stagnate stock.  Unfortunately, it also gave people who could not afford a new car the chance to buy a new car.  One week into the program all the funding had been spent which prompted Congress to authorize an extra two billion dollars on top of the original one billion. <a href=\"https:\/\/www.calemonlaw.com\/blog\/?p=818\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-818","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"_links":{"self":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=818"}],"version-history":[{"count":1,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/818\/revisions"}],"predecessor-version":[{"id":819,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/818\/revisions\/819"}],"wp:attachment":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}