Bailout for car loans?

[Machx2]

A family friend told me today about a 25 billion dollar bailout for small interest loans/ car loans. Not sure if its part of the 700billion dollar wallstreet bailout or what. Is their any truth to it? I googled it and see the same thing he said. This mean they are going to buy up only the people you dont make payments? And if they bail your car loan out do they take it? Do you owe the government? It all seems weird to me.

 

[Common]

Keep making your payments.

This bailout was to help ensure people can still get financing for future car purchases, if that didn't happen, it wouldn't be easy to get car loans for people, the "demand" would be on a rapid decline, production would be reduced, people that work in car making factories fired and the vicious cycle would keep turning.....

 

[SolarYellow]

Right about now I wouldn't be surprised if the gov't did offer some sort of assistance to those who were victims of "predatory car loans".

 

[Common]

Right about now I wouldn't be surprised if the gov't did offer some sort of assistance to those who were victims of "predatory car loans".

My escalade payments are too high, can I buy the cheaper model, save 6k and then spend 9k on some spinnaz?:lol:

I can haz financial advice?

 

[Machx2]

My escalade payments are too high, can I buy the cheaper model, save 6k and then spend 9k on some spinnaz?:lol:

I can haz financial advice?

Yea its gonna make me sick to my stomach if they payoff payments of people who couldnt afford what they got in the first place.

 

[Common]

Yea its gonna make me sick you my stomach if they payoff payments of people who couldnt afford what they got in the first place.

That won't happen buddy, so you can put that pepto bismol back in the medicine cabinet.

 

[SWThomas]

Yea its gonna make me sick to my stomach if they payoff payments of people who couldnt afford what they got in the first place.

That's exactly why the housing market is in the toilet.