Thursday, Sep 25, 2008
anyone want a cheap loan? Bailout or merger?
bbc: Car giants set to get $25bn loan
The House of Representatives voted to back a spending bill that includes a low-interest loan for the industry.
The US government has only bailed out a carmaker once before and that was with a much smaller amount of money.
Posted by mark @ 01:49 PM (325 views) Add Comment
4 Comments
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1. drewster said...
Somebody on here recently said that now is a good time to buy a second-hand car. What's the general opinion on that matter?
2. mark said...
wait a bit longer say just after xmas when they are really skint
3. drewster said...
A car salesman once told me that January was their busiest time of year. Apparently the husbands, after a fortnight doing all the things they hate (shopping, cooking, family Christmas dinner parties, talking to relatives, feeling emasculated by Uncle Bill's new Porsche), feel some urgent need to go out and buy a shiny new car in January. That's when to expect the fewest offers.
4. mark said...
drewster i doubt 2009 jan will be busy at that point most porsche salesmen will be bald.....