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B4 The Bell Moonday October 25


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DJ Car Dealers Give Away Free Car With Purchase Of SUV-Report

 

  DETROIT (Dow Jones)--It's the ultimate consumer incentive - buy one, get one free. Now car dealers are using the ploy to attract new buyers.

 

  The Detroit Free Press Monday reported that car dealers have figured out that they can give away a low-priced car if customers will buy a truck for full price. Several dealers interviewed by the paper said they make the deal work by asking buyers to sign over their rebates to the dealership, letting the dealership still pull a profit on the vehicles. Buyers must also finance their cars through the carmaker's financing arm.

 

  Rebates on 2004 models have been about $4,500 for SUVs and $1,500 for compact cars, with an additional $1,500 bonus when financed through the carmaker's financing units.

Dow Jones Newswires

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DJ Car Dealers Give Away Free Car With Purchase Of SUV-Report

 

? DETROIT (Dow Jones)--It's the ultimate consumer incentive - buy one, get one free. Now car dealers are using the ploy to attract new buyers.

 

? The Detroit Free Press Monday reported that car dealers have figured out that they can give away a low-priced car if customers will buy a truck for full price. Several dealers interviewed by the paper said they make the deal work by asking buyers to sign over their rebates to the dealership, letting the dealership still pull a profit on the vehicles. Buyers must also finance their cars through the carmaker's financing arm.

 

? Rebates on 2004 models have been about $4,500 for SUVs and $1,500 for compact cars, with an additional $1,500 bonus when financed through the carmaker's financing units.

Dow Jones Newswires

Somebody told me about this over the weekend.

 

I thought he was having me on. He called it the BOGO (Buy One, Get One free) plan.

 

I said no ... it's the BOZO plan, stupid! :lol:

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Now I am totally paranoid....Ever since Doc said when there are more than 55 users on board the market reverses.

Real paranoia need only set in when this record is broken......

 

 

Most users ever online was 282 on Mar 11 2003, 06:46 AM

 

 

The next day the QQQ's hit a low of $24.32 intraday, then blasted off for the next 10 months- grinding down bears day after day after day after day....

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Top U.S. Contracting Official Calls for an Inquiry in the Halliburton Case.

 

http://www.nytimes.com/2004/10/25/politics...iburton.html?th

As I have previously noted, that is the name of game in the Defense Dept, etc.

 

I was a "money" person but had to work closely with the Contracting Officers.

Time after time, they told me to tell my Project Manager to stop talking with

contractors about the details. Instead of face-to-face meetings, it was ongoing phone

conversations which I overheard. So, I duly did so, reminding him that he was in violation of Fed Policy. However, he still kept on talking to them because his goal was to quickly get a contract in place before the money expired. Duh! Expiring money was MY job, not his. Govt monies are "allocated" in terms of one year-two year- and three year increments. So there is flexibility for the money manager, me, to switch money from one committment to another to prevent loss of funds. When bosses or PM's override the duties of their specialists, well, shit happens.

 

Who was the contractor in question? United Defense which was bought out by

Carlyl Corporation. Ever hear of them? Daddy Bush is on their board.

I only found out and asked questions about that because I was concerned that I might violate a Fed Regulation against investing in a company that we did business with. Management was super sensitive and hostile about my questions.

Gov't employees are quite susceptible to intimidation by managers. They hold your

career in their hands and any efforts to right the wrongs is likely to bring punitve reactions. God Bless the Whistle Blowers!!! Few people understand the risks and the possible career damages that they face/receive.

 

:angry:

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