Aside from letting people buy cars that aren't green, Cash For Clunkers is also disabling and scrapping perfectly good cars. I drove by a hauler the other day loaded with Cash For Clunkers cars. They all looked like road-worthy vehicles. Why not donate them to folks who need them, charities, etc instead of simply scrapping them?
David
The chief cause of failure in this life is giving up what you want most for what you want at the moment.
I think this program has been a joke. I've got a bad feeling that the dealers who sold these cars are not going to be reimbursed fully. I hope I'm wrong, but the government first said it would only take dealers 10 days to get the rebates, most have not gotten any, and a few have only been reimbursed on a small perentage of the transactions.
The dealer I work at has sold around 200 cars(floated around over $700k) for this deal, and have been paid for a whopping 5 cars so far! I will be here all weekend instead of working on my shop to get all the info submitted before Monday.
Just traded my wife's clunker in (last night), 1990 Jeep Cherokee Limited, wanted to trade a few years ago and she decided she liked it so well we would keep it and maintain it - well it needed valve cover gasket, shocks, cv joint and last week she backed into a pole and tweaked the rear tailgate and knocked the rear window nearly out - hanging by a thread. Got $4500 + 1500 rebate on Hyundai Accent 14500 - 6000 = 8500 (+sales tax, license, delivery fee more like $11000 but that is a fact of life in WA) not bad for a $1500 Jeep trade in. They had 50-75 in a adjacent vacant lot, Gov't had paid for 2. She was estatic, a glow on her face, spring in her step - then she stopped a the supermkt and slammed her thumb in the door - nasty smash - hope it isn't a sign.
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