I don't know about you, but I could use my share of $24k as year end taxes and the holiday shopping season approaches...
Thursday, October 29, 2009
Cash for Clunkers - A Real Bust
The Wall Street Journal is reporting this morning that CARS was a complete bust costing taxpayers as much as $24k per vehicle sold. They site an Edmunds.com study indicating that only 125k out of the 690k cars sold in the program actually added to SAAR. The rest would have sold anyway.
Wednesday, October 28, 2009
How To Buy A New Car After Bankruptcy
I met with a prominent bankruptcy attorney today to discuss ways AutoBids can assist his clients with purchasing a car after filing Chapter 7 or 13 BK.
"Believe it or not, most of my clients are more worried about losing their car than losing their home," says Rustin Polk, president and founder of 214Bankruptcy.com. “They are typically looking for a vehicle of a certain category – an SUV for families for something more fuel efficient for instance – rather than a specific vehicle. Price and quality are the two most important considerations for my clients, in addition of course to funding.”
As such, I'm pleased to announce that we are creating a long awaited pre-owned section on the website bringing late model, used cars into the AutoBids family of services. Sources of inventory will come from AutoBids dealers and industry partners and we will be working diligently to find sources of loans who are willing to extend credit to the more risky C and D Tiers of the financial markets.
"Believe it or not, most of my clients are more worried about losing their car than losing their home," says Rustin Polk, president and founder of 214Bankruptcy.com. “They are typically looking for a vehicle of a certain category – an SUV for families for something more fuel efficient for instance – rather than a specific vehicle. Price and quality are the two most important considerations for my clients, in addition of course to funding.”
As such, I'm pleased to announce that we are creating a long awaited pre-owned section on the website bringing late model, used cars into the AutoBids family of services. Sources of inventory will come from AutoBids dealers and industry partners and we will be working diligently to find sources of loans who are willing to extend credit to the more risky C and D Tiers of the financial markets.
Wednesday, October 21, 2009
AutoBidsOnline.com New Car Buyer Survey
We need your help! Tell us about your recent new car buying activity at: www.autobidsonline.com/buyer_survey.html
It is only 11 questions and will take just a few minutes. We'll also make it worth you while by giving away a $250 gift card in a random drawing of all completed surveys on November 11th.
As always, I appreciate everyone's input!
It is only 11 questions and will take just a few minutes. We'll also make it worth you while by giving away a $250 gift card in a random drawing of all completed surveys on November 11th.
As always, I appreciate everyone's input!
2010 Motor Trend Car of the Year
On the heels of winning the COY award in 2009 with the Forester, Subaru takes top honors again this year with the Outback. This is the first time the OEM has won the award two years in a row.
Starting at $23k, the Outback packs a 256hp punch with its 3.6L Boxer engine yet still maintains high levels of fuel efficiency, value and a roomy interior.
Read more from our friends at AutoRemarketingToday: http://www.autoremarketing.com/ar/news/story.html?id=10268
Starting at $23k, the Outback packs a 256hp punch with its 3.6L Boxer engine yet still maintains high levels of fuel efficiency, value and a roomy interior.
Read more from our friends at AutoRemarketingToday: http://www.autoremarketing.com/ar/news/story.html?id=10268
Tuesday, October 13, 2009
Take A Wild Guess Who's Behind This One
Barney The Pimp and some so-called consumer protection groups are calling for yet another layer of bureaucracy to "oversee" dealer assisted financing on new and used car loans.
Just what we need - more bureaupunks, creating yet another layer of bureaucracy. If this passes, we'll be blessed with one more inefficient, unaccountable waste of our tax payer dollars – all in the name of “protecting” the consumer.
Here’s a novel idea – learn the meaning of Caveat Emptor people. Read your contracts and quit blaming your laziness on someone else. It's not the federal government's job to ensure you don't buy something you don't need and it's not the federal government's job to keep you from paying more than you should.
The dumbing down of our society continues to evolve at a rapid pace - and we're letting it all take place right before our very eyes.
https://home.autonews.com/clickshare/readLink.do?CSAuthKey=kfh_Szi2T0U-o42EVmwPFYo-0
Just what we need - more bureaupunks, creating yet another layer of bureaucracy. If this passes, we'll be blessed with one more inefficient, unaccountable waste of our tax payer dollars – all in the name of “protecting” the consumer.
Here’s a novel idea – learn the meaning of Caveat Emptor people. Read your contracts and quit blaming your laziness on someone else. It's not the federal government's job to ensure you don't buy something you don't need and it's not the federal government's job to keep you from paying more than you should.
The dumbing down of our society continues to evolve at a rapid pace - and we're letting it all take place right before our very eyes.
https://home.autonews.com/clickshare/readLink.do?CSAuthKey=kfh_Szi2T0U-o42EVmwPFYo-0
Tuesday, October 6, 2009
McCaig Named New COO
Thrilled to have industry veteran Shannon McCaig on board as AutoBidsOnline.com's new Chief Operating Officer. Here's the announcement in AutoRemarketingToday: http://www.autoremarketing.com/ar/news/story.html?id=10179
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