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Cash for Clunkers, let's debate?

Tucked in the MILITARY SPENDING BILL is a program called Cash for Clunkers.
**Basically(example):The government will in theory offer up to $3,500, for example, to a driver who trades in (at a participating dealer) a 16 MPG for a brand new auto that gets a dismal 18 MPG.
**Vouchers don’t come as an addition to trade-in values because cars brought in under the cash-for-clunkers program have to be scrapped, so their trade-in value is essentially zero.
Now, since most quality rated fuel efficient cars and trucks are FOREIGN, and since people are NOT happy with the government owning over 60% of GM (for example) do you think this program will be sucessful?
Also, in many cases it would benefit the consumer to TRADE in the vehichle or sell their vehichle out right vs clunking it.How many Americans are willing to pay the EXTRA car payment for a new car? Are you
So, what say you on this program tucked into the mil. spending bill?

Answer Question
 
grlygrlz2

Asked by grlygrlz2 at 5:02 PM on Jun. 29, 2009 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (37)
  • I say its more of our tax dollars being wasted. It's estimated to cost taxpayers about 4 billion dollars yet will not help the economy or the environment. Just an example of more govt wast.
    Carpy

    Answer by Carpy at 5:16 PM on Jun. 29, 2009

  • do you think this program will be successful?


    I would like to know of ANY government program that has been successful. I doubt this one will be any different.

    QuinnMae

    Answer by QuinnMae at 5:16 PM on Jun. 29, 2009

  • LOL Quinn and Carpy... There has to be SOMEONE who believes in this crap.. And if it is such a GREAT program.... WHY... WHY do they have to put it in a military spending bill??? Could it be because it would NOT pass on it's own?
    grlygrlz2

    Answer by grlygrlz2 at 5:25 PM on Jun. 29, 2009

  • From an environmental standpoint, it makes more sense to let those cars stay on the road until they die. It saves the environment two ways, you decrease the amount that ends up trashed (and even if you recycle some of the parts, that always uses more energy), and you save the energy it takes to build a new car.

    Frankly, this will be incredibly popular with anyone who can scam. You can sell your old car for market value (better than trade-in) buy a junker from the junkyard that barely moves for $500, then request the clunker trade-in of $3500. The dealer has no incentive to dicker on what the car is worth, because it could lose him a sale, and besides, the $3500 is coming out of the government's pocket, not his.
    mancosmomma

    Answer by mancosmomma at 5:35 PM on Jun. 29, 2009

  • People who have money it is the best time to pay new car. I know that our local GM dealership accepts the cars already ,and what they said in the local news IT IS VERY POPULAR.

    Anonymous

    Answer by Anonymous at 5:35 PM on Jun. 29, 2009

  • mancosmomma
    You are wrong. There are limits & terms to the program how old is your car,what year it is made,value of the car and other factors.
    Anonymous

    Answer by Anonymous at 5:38 PM on Jun. 29, 2009

  • Military spending, huh? This makes as much sense as ACORN being in the Cap & Trade bill.
    Anonymous

    Answer by Anonymous at 5:38 PM on Jun. 29, 2009

  • Frankly, this will be incredibly popular with anyone who can scam.

    Google cash for clunker scam. There are millions of them already.
    Carpy

    Answer by Carpy at 5:39 PM on Jun. 29, 2009

  • "mancosmomma
    You are wrong. There are limits & terms to the program how old is your car,what year it is made,value of the car and other factors."

    No I'm not. See Carpy's post above. It's already happening.
    mancosmomma

    Answer by mancosmomma at 5:47 PM on Jun. 29, 2009

  • BTW, my BIL owns a car lot, and will tell you about the scams going on right now.
    mancosmomma

    Answer by mancosmomma at 5:47 PM on Jun. 29, 2009

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