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Cash for clunkers?

Discussion in 'Politics, Elections & Legislation' started by 635 G, Jun 19, 2009.

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  1. 635 G

    635 G Well-Known Member

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    Buy a wreck with title from a salvage yard--have them drop it off at a car dealer & get $3000.--$4500 from Obama--I mean us -- such a deal !!!

    Phil Berkowitz
     
  2. Carol Lister

    Carol Lister TS Member

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    I believe the catch is that the car has had to be licensed and driving for the past year to be eligible.

    Carol Lister
     
  3. timberfaller

    timberfaller Well-Known Member

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    FOX news take on Cash for clunkers showed that the hoops you have to go through, almost no one will get the cash!

    Its just another government hipe, Lots of talk with NO action!
     
  4. Carol Lister

    Carol Lister TS Member

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    <blockquote>"FOX news take on Cash for clunkers showed that the hoops you have to go through, almost no one will get the cash!"</blockquote>
    As I understand it, NO ONE will actually get any cash. The incentive is an electronic transfer credit to the dealer when you buy a new vehicle that is at least 4 and as much as 10 MPG more efficient than the EPA estimated MPG for the vehicle you trade in. Amount of the credit is based on the MPG improvement between what you trade and what you buy.

    Carol Lister
     
  5. timberfaller

    timberfaller Well-Known Member

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    I have a 92 Jeep Wrangler and a 98 Ford Explorer. Both average 20 MPG.

    I know of no available car (SUV) that will get better gas mileage in order to quilify for the help. Hy-brids don't last long on rough and dirt road!

    The new rigs don't last, on the road conditions that I drive most of the time.

    If it ain't broke why fix it, let alone trade it in.
     
  6. thomaslea1

    thomaslea1 Member

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    As stated above, it looks like it will apply to a pretty small group, but SOUND good to everyone. You do need to have the vehicle insured and registered in your name for 1 year prior to turning it in. So, if you have a clunker and can't afford to buy a new vehicle, it MIGHT help. More facts are available at: http://www.cashforclunkersfacts.com/
     
  7. Trab

    Trab TS Member

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    Just another pile of "Fly bait" from ol'barry and the demorats.
     
  8. Fast Oil

    Fast Oil TS Member

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    "$1 billion to a supplemental war funding bill for the "cash for clunkers" program, which aims to generate about 1 million new auto sales. Since the yearlong vehicle program is expected to cost $4 billion, lawmakers would attempt to find the additional money later this year."

    What will happen if all these CfC trades are on vehicles not made by GM / Chrysler?

    And what(where)will happen to the left over money that does not get used in the CfC?
     
  9. SirMissalott

    SirMissalott Active Member

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    No uaw no money you can bat on that lets hear it for Chavez obama!
     
  10. BigM-Perazzi

    BigM-Perazzi Well-Known Member

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    <IMG SRC="http://www.uaw.org/auto/pics/save_auto_final.jpg"

    06.19.2009
    Fleet Modernization Program rules



    President Obama is expected to sign legislation that allows consumers to trade in older vehicles for more fuel-efficient models, the so-called cash for clunkers program. Here are the program rules:

    pdf 15 KB

    The cash-for-clunkers program will give consumers a $3,500 or $4,500 rebate if they scrap older, less fuel-efficient vehicles, and purchase new, higher-mpg vehicles. This will help to reduce oil consumption and greenhouse gas emissions. It will also provide an immediate boost to auto sales, thereby helping dealers, suppliers and manufacturers and their workers.

    1. Duration of Program: The program will be effective immediately upon enactment of the legislation (it is expected to be signed into law in the next few days). However, it will probably take the U.S. Department of Transportation 30 days to issue the procedures for implementing the program. The program has been authorized to last for one year. However, Congress only provided sufficient funds to last through Sept. 30, 2009; it will have to come back and provide the additional funding to continue the program for the rest of the year.

    2. Trade-In Vehicles: Must be in drivable condition; continuously insured and registered to the same owner for at least one year; have a combined city/highway fuel economy value of 18 mpg or less (except for work trucks, which must simply be pre-2002, regardless of their mpg); and not be more than 25 years old.

    3. New Vehicles: Must have a manufacturer's suggested retail price of less than $45,000.

    A). Passenger Cars: Must have a combined city/highway mpg value of at least 22 mpg. If the mileage of the new car is at least four mpg higher than the old vehicle, the voucher will be worth $3,500. If the mileage of the new car is at least 10 mpg higher than the old vehicle, the voucher will be worth $4,500.

    B). Small Trucks and SUVs: Must have a combined city/highway mpg value of at least 18 mpg. If the mileage of the new truck or SUV is at least two mpg higher than the old vehicle, the voucher will be worth $3,500. If the mileage of the new truck or SUV is at least five mpg higher than the old vehicle, the voucher will be worth $4,500.

    C). Large Light-Duty Trucks: Applies to pickups and vans weighing between 6,000 and 8,500 pounds Must have a combined city/highway mpg value of at least 15 mpg. If the mileage of the new truck is at least 1 mpg higher than the old truck, the voucher will be worth $3,500. If the mileage of the new truck is at least 2 mpg higher than the old truck, the voucher will be worth $4,500.

    D). Work Trucks: Applies to a pickup-up truck or cargo van weighing from 8,500 to 10,000 pounds. No mpg requirement for the trade-in or new vehicle. But the trade-in must be a pre-2002 work truck. The voucher for the new vehicle is worth $3,500. However, only 7.5 percent of the total funds in the program can be used for vouchers for the purchase of a work truck. Consumers can also "trade-down," receiving a $3,500 voucher for trading in an older work truck and purchasing a pick-up or van weighing between 6,000 and 8,500 lbs.

    4. MPG Values: The mpg values are combined city/highway fuel economy as posted on the window sticker of new vehicles, and can be found at fueleconomy.gov.
     
  11. KENENT1

    KENENT1 Active Member

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    it's ideal for the big getto crusiers.....think about it!!



    tony
     
  12. K-GUNS

    K-GUNS Member

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    So if I trade an older car that still has some value will the dealer give me anything above what the voucher is worth ?

    I was told, NO. The dealer will not give anything other than voucher cause the vehicle needs to be scraped under this program ?

    Is that true ?
     
  13. Bob_K

    Bob_K Well-Known Member

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    That's how I understand it. The only value your trade will have is the voucher value since the clunker will have to be scrapped. The website has the details. I'm looking at the Honda Fit Sport as a tow behind my motorhome, and will be trading in a 97 Ford Ranger pickup under the Clunker program once it is up & running.
     
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