Asked and Answered

" Well every Wednesday we're graced with his presence and his answers to your most pressing financial questions. Today we're talking about cash for -- with a -- seat. And David's been called a success but just to see yeah. -- don't laugh I just a few months ago we are speaking to secretary of transportation. Ray LaHood about his thoughts and of course I mean he's pushing the plans of course he's gonna say that he likes it. But I thought it interesting that as a Republican for the last sixteen years he said in fact that he wouldn't vote for all those billions to go for this program do you think this has been a good program."

" What's obviously not been a good program I mean when they launch something and they go okay everybody run of the -- we're gonna usually money books were out. I mean -- that's classic government stupidity stepped up on the -- and -- it out it's all political posturing there wasn't any real funding behind the thing to start with -- plus if you really get down to -- me -- do my radio listeners -- really ticked to that they as a taxpayer having to -- other people cars and I follow. Why isn't this is the I'll go buy you a car you should buy your own free can car. This is what I want -- you know Republicans are starting to sound like Democrat light. Yet the day. At the same time if the government say hey. Here's 4500. People are gonna take it. It's been exactly the people that don't need to we're going from a clunker into -- new car -- they're not financially able I have -- does this sound like sub prime mortgage is all over again financed by the government. It's don't they don't steroids but it is watching that it. If you get there right all right let's get to some other emails Peter taken away."

" the first email they've its common Tennessee. I have a small business car I drive a 99 Tahoe bought and used with 250000. Miles on it. Should I take advantage of congress and taxpayers' largesse and music -- program to get 45 dollars. Paid cash for -- new model -- section 170 million it or ticket cold shower and I used all over again what he's a day."

" We'll Tommy's bigger culture our original 4500 dollars when you drive that thing off a lot. The worst car accidents happen on the showroom floor these cars go down in value like Iraq."

" Some. Are good advice I Taylor from Alabama writes in Dave I purchased the car went I was much better off financially wondering if you think it is better to go ahead. And voluntarily return my car and taken major credit hit. From that as well as the 14000 in charge offs. I would get on my credit after it sold at auction or should I try and keep making the huge financial monthly payments when I --"

" Able to I have no Sunnis who. We'll Tyler William tell what your router your wording that you don't think that this is a re possession of the the non discriminatory in the car but this is a voluntary read possessions. And they're gonna suit your but for the 14000 after you turned that area. So what you're much better off to do is to sell the car you'll limit the amount of damage that is done instead of having a fourteen or 15000 dollar hole after repo. You might have a 45000 dollar hold you run over to the credit union bar for five grand to cover that whole. Get out of this mess in next time you drive their car -- don't. I -- great to see Dave Ramsey we can all check out on Fox Business Network later on tonight's. -- they --"