Readers react to Obama's auto incentives plan

•"I think that while I do not necessarily agree with the government bailing out the auto companies or any such companies, I would be interested in buying a new Chrysler vehicle if I was receiving a guaranteed amount of money. That being said, with the economy the way it is, it would also be helpful to have a clause that if you lose your job, the auto company would take the vehicle back and let you out of the contract."— Jacqueline Thomas, Marietta, Penn.•"We are leasing a GM truck and our lease is up in July. We have been tossing the idea around of whether or not we should buy GM or Chrysler again. While we absolutely love the truck we are leasing, we are still undecided as to what we will do when push comes to shove. These bills that are being introduced sure are enticing, but given the current economy we are a little scared to purchase from either automaker. —Donna Cornelius, North Canton, Ohio

•"If I was given money for my older car, especially $10,000, I would definitely trade in for a newer car and I would have no problem buying a GM or Chrysler Vehicle again. I currently have a 2004 Cadillac CTS, 2002 Dodge Ram, and a 1999 Dodge Stratus. If the government backs the warranty, I would buy another GM or Chrysler Vehicle. —Jannine Oates, Waldoboro, Maine

•"I currently own a GM car and have owned many GM and Chrysler vehicles over the years. I guess if I owned an older car and was given a guaranteed amount of money for the trade in, especially if it were more then the blue book value, I would certainly consider buying a new car. However, I am not sure I would buy a Ford, GM or Chrysler right now until I knew there long term health. In fact, I have been planning and saving to buy a new GM Camaro convertible when they became available next year but I have backed off that plan and will not buy until I am sure the company is going to be around awhile. To be fair, I am not just holding off on buying because of the financial state of the company, times are tough and this would be an extra car I do not need." —Robert Williams, Oxford, CT

•"I would purchase a car from (General Motors or Chrysler). My family has cars from both manufacturers and we have been pleased with them. It is a perception that American cars are not as well made as foreign cars, a perception that is perpetuated by the media. I also believe that the 'cash for clunkers' program would work if there was a stipulation that the money had to go towards one of the Big Three American car manufacturers. It would be a win win situation for both the consumers and the companies as the company would get much needed revenue and the consumer would get a brand new car. Why should we bail out the other car companies whose profits go overseas? I know they employ our people but the bulk of the money still goes overseas." —Irene Perretta, Milford, Conn.

•"Neither of the moves…would convince me to buy a new car. If I were to buy a new car, it would be on my own will and in wanting to take advantage of any deals that the dealer and/or the company would be offering. I do like GM products — I own a 2006 Chevy Cobalt right now — and it has been very reliable at this point. My family members are 'Chevy people', so that's where I developed my preference." —Chrissie Combs, Augusta, W.Va.

•"A lot of people just simply can't afford a car payment of any size. The President wouldn't want people to default on these payments because that would make the whole stimulus worthless. It would be a great incentive for people looking for a deal who are actually going to buy. I think it will only help those who really don't need it. It seems to me that all the stimulus packages and incentives aren't helping the right people." —Cheryl Willis, LaVale, Md.

•"I will be in the market to turn my lease in at the end of this year. I am committed to GM." —Ruth Bouldes, Albuquerque

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