Cash for Clunkers?

attgig · 06-15-2009, 11:54 AM

I wish i didn't fix my jeep. I could've pocketed my insurance check and just traded it in.

http://www.usatoday.com/money/autos/...clunkers_N.htm

http://www.usatoday.com/money/autos/...rs_N.htm#chart

no longer question mark...

passed by congress
http://money.cnn.com/2009/06/19/news/economy/cash_for_clunkers/index.htm?postversion=2009061915

Prngr44 · 06-16-2009, 08:25 AM

Would this be on top of any trade-in the dealer gave you for your vehicle?

VTGreg · 06-16-2009, 09:43 AM

Quote:

Originally Posted by Prngr44

Would this be on top of any trade-in the dealer gave you for your vehicle?

Yes. I believe the only caveats are that you have to have owned the car for more than a year, it has to be a certain age and that it gets better gas mileage (money back depends on how much better the gas mileage is).

The bill is really a joke. All it will do is spur new car sales. I imagine there will be negligible impact on fuel efficiency since the stringent fuel requirements were removed so the bill would get passed. Just another $4B drop in the bucket.

Prngr44 · 06-16-2009, 11:55 AM

Interesting... I'd only get 3500 off going from 17 to 19 but that's damn tempting.

attgig · 06-16-2009, 12:20 PM

Quote:

Originally Posted by VTGreg

Yes. I believe the only caveats are that you have to have owned the car for more than a year, it has to be a certain age and that it gets better gas mileage (money back depends on how much better the gas mileage is).

The bill is really a joke. All it will do is spur new car sales. I imagine there will be negligible impact on fuel efficiency since the stringent fuel requirements were removed so the bill would get passed. Just another $4B drop in the bucket.

are you sure it's on top of? from what i read, i thought it was the value of the trade in = 3500/4500. and that's a check that govt gives straight to dealer as part of downpayment.

InfiniteNothing · 06-16-2009, 12:30 PM

Right. There's no trade in. The car gets cubed. Otherwise getting a higher MPG car wouldn't really help as the old car would still exist.

VTGreg · 06-16-2009, 01:34 PM

Quote:

Originally Posted by attgig

are you sure it's on top of? from what i read, i thought it was the value of the trade in = 3500/4500. and that's a check that govt gives straight to dealer as part of downpayment.

Hmmm.... Completely missed that part of it.

Prngr44 · 06-18-2009, 08:17 AM

Damn!

attgig · 06-18-2009, 09:23 AM

who knows. the bill may never pass. hopefully it does soon. My mom's 1999 continental would be a perfect trade in for this

guiseppewv · 06-19-2009, 07:11 AM

Quote:

Originally Posted by attgig

who knows. the bill may never pass. hopefully it does soon. My mom's 1999 continental would be a perfect trade in for this

Did you check the site they use for the fuel efficiency ratings? My friend's Olds Delta 88 (or was it a 98) from 1988 did not cut the muster on the fuel efficiency rating. The govt site said it had a combined fuel efficiency of 20 mpg.

attgig · 06-19-2009, 02:30 PM

Quote:

Originally Posted by guiseppewv

Did you check the site they use for the fuel efficiency ratings? My friend's Olds Delta 88 (or was it a 98) from 1988 did not cut the muster on the fuel efficiency rating. The govt site said it had a combined fuel efficiency of 20 mpg.

link to look up yuor car

99 continental
Premium Gasoline
15 City
23 Hwy
18 Combined

the revised testing methods brought my mom's car down to 18. the old method showed 20.

mechmike0034 · 06-27-2009, 09:59 AM

Five Reasons “Cash for Clunkers” is a Joke:

Quote:

1. The voucher replaces the trade-in deal you might otherwise get from the dealership; it’s not in addition to the car’s private sale or trade-in value. In other words, if you’re trading in a car that’s worth $3000, your net gain is only $500. Although if your car is worth $100, CFC couldn’t come at a better time.

2. We’re not sure how many folks driving cars worth $3500 or less are in the market for a new car in the first place. Sure, there’s the occasional fresh-out-of-college new-hire (we’re not sure who’s hiring right now, but we’ll play make-believe) that might still be ready to move from a Dodge Omni to a shiny new Honda Insight, but people driving cheap old beaters are probably doing so because they can’t afford a new car. And $3500 doesn’t go far when the average transaction price of new cars hovers around $24K. The vouchers don’t apply toward the purchase of used cars, for which the majority of old beaters are traded in.

3. People driving large, gas-gulping old cars and trucks often do so because they need the utility those vehicles provide. Old station wagons, for example, have few modern counterparts that are as versatile while achieving better fuel economy. Ditto pickups, which have gotten bigger and more capable but not much more fuel-efficient. And if the government thinks that someone is going to step out of a 1994 Dodge Ram into a Honda Fit, they need to get out of D.C. a little more often.

4. Naturally, we have some reservations about any bill designed to facilitate wiping out—we’re sorry, recycling—any automotive species. And let’s face it, while there are a lot of bona fide clunkers out there, we’re afraid that a bunch of future classics will get caught in this roundup. We propose, then, that a certified auto enthusiast (paid, of course) be placed at all certified CFC dealerships to screen the cars that are brought in, returning the cool cars—including anything with T-tops—to the streets.

5. Besides cleansing the U.S. of gas-guzzling pigs, the other supposed benefit of the CFC program is to provide a short-term boost to the starving auto business. However, we hope these legislators don’t expect it to meaningfully help the domestic automakers. Many of the automobiles with fuel-economy ratings high enough to qualify for the vouchers come from Japan and Korea.

mechmike0034 · 06-28-2009, 09:11 AM

Rules May Limit Cash for Clunkers Program

Quote:

“It has to be worth not very much and it also has to get very poor E.P.A. fuel economy,” said Jack R. Nerad, the executive editorial director and market analyst for Kelley Blue Book. “It’s a fairly narrow profile. You’re talking about people who are probably economically challenged to begin with and they have to be able to qualify for a new car purchase in the midst of a deep recession. Those are some difficult parameters.”

johnnymk · 06-28-2009, 11:10 AM

I bet they modify it.

attgig · 07-01-2009, 02:21 PM

http://www.cars.gov/

official site is out now, though there's no details. that'll come in a few weeks, even though the program starts today....

guiseppewv · 07-01-2009, 03:34 PM

Ha! Typical govt program! The admin and Congress wanted to be able to announce that they got the program going quickly, unfortunately they are stuck in "neutral" after the "gun" went off.

Daedalus · 07-01-2009, 08:35 PM

According to the rules, the vehicle being traded in must have been registered and insured by the buyer for at least 1 year prior to trade-in. I wonder how they'll ensure this rule is enforced? If enforcement is lax, then this bill will cause the market value of old clunkers to actually go up as demand for tradeable cars increases. It's not hard to find running clunkers for a few hundred bucks. The govt is very adept at exploring unintended consequences.

I bought my gas-guzzing truck for $2200 out the door IIRC. But I have no plans to ever buy a brand new car, so no benefit to me unless they change the rules on it.

06-15-2009, 11:54 AM	#1
attgig Chief of Naval Operations Join Date: Jun 2000 Location: the ghetto's of bawlmo' Posts: 11,474	Cash for Clunkers passed!!! I wish i didn't fix my jeep. I could've pocketed my insurance check and just traded it in. http://www.usatoday.com/money/autos/...clunkers_N.htm http://www.usatoday.com/money/autos/...rs_N.htm#chart no longer question mark... passed by congress http://money.cnn.com/2009/06/19/news/economy/cash_for_clunkers/index.htm?postversion=2009061915 __________________ Last edited by attgig : 06-19-2009 at 02:31 PM.

06-16-2009, 08:25 AM	#2
Prngr44 Rear Admiral Lower Half Join Date: Feb 2003 Location: St. Louis Posts: 2,226	Would this be on top of any trade-in the dealer gave you for your vehicle? __________________ http://otthouse.blogspot.com

06-16-2009, 12:30 PM	#6
InfiniteNothing Fleet Admiral Join Date: Aug 2002 Location: San Diego Posts: 9,993	Right. There's no trade in. The car gets cubed. Otherwise getting a higher MPG car wouldn't really help as the old car would still exist. __________________ As for our common defense, we reject as false the choice between our safety and our ideals.

06-28-2009, 11:10 AM	#14
johnnymk Chief of Naval Operations Join Date: May 2000 Location: LEVITTOWN< PA> USA Posts: 13,619	I bet they modify it. __________________ “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” (Winston Churchill)

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

06-16-2009, 11:55 AM	#4
Prngr44 Rear Admiral Lower Half Join Date: Feb 2003 Location: St. Louis Posts: 2,226	Interesting... I'd only get 3500 off going from 17 to 19 but that's damn tempting.

06-18-2009, 08:17 AM	#8
Prngr44 Rear Admiral Lower Half Join Date: Feb 2003 Location: St. Louis Posts: 2,226	Damn!

06-18-2009, 09:23 AM	#9
attgig Chief of Naval Operations Join Date: Jun 2000 Location: the ghetto's of bawlmo' Posts: 11,474	who knows. the bill may never pass. hopefully it does soon. My mom's 1999 continental would be a perfect trade in for this

07-01-2009, 02:21 PM	#15
attgig Chief of Naval Operations Join Date: Jun 2000 Location: the ghetto's of bawlmo' Posts: 11,474	http://www.cars.gov/ official site is out now, though there's no details. that'll come in a few weeks, even though the program starts today....

07-01-2009, 03:34 PM	#16
guiseppewv Admiral Join Date: Nov 2001 Location: East coast Posts: 6,922	Ha! Typical govt program! The admin and Congress wanted to be able to announce that they got the program going quickly, unfortunately they are stuck in "neutral" after the "gun" went off.

07-01-2009, 08:35 PM	#17
Daedalus Lieutenant Commander Join Date: Dec 2002 Posts: 756	According to the rules, the vehicle being traded in must have been registered and insured by the buyer for at least 1 year prior to trade-in. I wonder how they'll ensure this rule is enforced? If enforcement is lax, then this bill will cause the market value of old clunkers to actually go up as demand for tradeable cars increases. It's not hard to find running clunkers for a few hundred bucks. The govt is very adept at exploring unintended consequences. I bought my gas-guzzing truck for $2200 out the door IIRC. But I have no plans to ever buy a brand new car, so no benefit to me unless they change the rules on it.

User Name
Password
Remember Me?