jadziasman

China's Car Sales Jump 47% Year over Year on Subsidies

Chances are many folks with guzzlers still have payments remaining on their Land Yachts. Even with $4.5 K, they're not going to be able to upgrade (downsize) to a brand spanking new Lincoln MKX with an EcoBoost V-6 in it, are they?

Oh? Didn't you hear? Americans are the world's nouveau poor! Can't even get credit any more. Want to buy a new vehicle? Do you have the down payment? (eh -- wat's dat?) Used to be able to borrow 125% of the purchase price - not any more.

Hey, here's an idea - let them use the cash for guzzlers funds for the down payment! Who needs savings anyhow. Hyperinflation is just around the corner.