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Congress may pass the Cash for Clunkers bill, which gives you up to $4500 to trade in that old gas-guzzler. You game?
The Congress thinks it will cost between $4 and 8 billion, but it will take 4 million cars off the road and save up to 40-80,000 barrels of motor fuel per day. All you have to do is trade in your old car for a new or newer car or spend the money on public transportation. Would you take them up on the deal?
http://www.usnews.com/articles/news/stimulus/2009/03/24/how-the-cash-for-clunkers-plan-would-help-new-car-buyers.html
http://blogs.cars.com/kickingtires/2009/03/obama-backs-cash-for-clunkers-legislation.html
http://www.usnews.com/articles/news/stimulus/2009/03/24/how-the-cash-for-clunkers-plan-would-help-new-car-buyers.html
http://blogs.cars.com/kickingtires/2009/03/obama-backs-cash-for-clunkers-legislation.html
voted interesting: nyssa
answers (4)
Well, the real question is what becomes feasible... if I have to buy a *brand new* car... it might not be in the budget... but if I can buy a used car that is just newer and meets a standard... that might be a good possibility... the problem is that I see that there will be a great deal of change in the market because of this.. such as raising prices.. or not negotiating as much because they know the few thousand is coming from the government...
I also have to be able to replicate the capacity I have now.. which will not be easy... I read the current bill.. and the past version of the plan... I also see information in articles that just dont match up with other information that I can find... so... I will wait for the details...
For eample, the second article linked above mentions $7,500.. but I cannot find that figure anywhere else, yet.
As far as what they are going to do with the vehicles? They will take them off the road.. possibly remove some parts... and crush the rest... there is not enough automotive dismantling and reuse in this country, unfortunately and the need to crush the engine and drivetrain is going to encourage places to just crush the entire thing, because it's not worth it to take the time to remove those and then save the rest in most places; heck they don't even bother to remove fancy alloy wheels, etc.
But personally... I'd much rather just win a Tesla. :D
(okay, okay, I'd still need a cargo vehicle..)
BTW, does anybody know the base prices of each of the autos listed on the first article (usnews) where they say "expected to meet CARS Act Fuel Efficiency requirements"? If so, please reply. :)
I do think this sort of ground-up type 'help' is much better than just handing the automakers billions however.. because it starts by helping the people on an individual basis, and makes a requirement of that help that those people stimulate the economy by taking that monetary help and putting it into the marketplace. Similarly there are people who thought rather than buying the bad mortgages, and/or bailing out the big financial institutions -- the govt should have started with helping out the homeowners in dire need who would then take the help and feed it to the banks, which in turn would work itself up the chain to stabilize the system, and start things moving again.
I also have to be able to replicate the capacity I have now.. which will not be easy... I read the current bill.. and the past version of the plan... I also see information in articles that just dont match up with other information that I can find... so... I will wait for the details...
For eample, the second article linked above mentions $7,500.. but I cannot find that figure anywhere else, yet.
As far as what they are going to do with the vehicles? They will take them off the road.. possibly remove some parts... and crush the rest... there is not enough automotive dismantling and reuse in this country, unfortunately and the need to crush the engine and drivetrain is going to encourage places to just crush the entire thing, because it's not worth it to take the time to remove those and then save the rest in most places; heck they don't even bother to remove fancy alloy wheels, etc.
But personally... I'd much rather just win a Tesla. :D
(okay, okay, I'd still need a cargo vehicle..)
BTW, does anybody know the base prices of each of the autos listed on the first article (usnews) where they say "expected to meet CARS Act Fuel Efficiency requirements"? If so, please reply. :)
I do think this sort of ground-up type 'help' is much better than just handing the automakers billions however.. because it starts by helping the people on an individual basis, and makes a requirement of that help that those people stimulate the economy by taking that monetary help and putting it into the marketplace. Similarly there are people who thought rather than buying the bad mortgages, and/or bailing out the big financial institutions -- the govt should have started with helping out the homeowners in dire need who would then take the help and feed it to the banks, which in turn would work itself up the chain to stabilize the system, and start things moving again.
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The details of this proposal have yet to be laid out yet, but I think you're right when you say this is a ground up support for the rest of us, and that is a good thing!
voted helpful: nyssa
Only if they buy my old car/truck outright and don't tell me what to do with the money received. Short answer no.
Sure. Especially since I only paid $2000. The only thing is that I am not real big on the bailout excess and in general not into governmental intervention.
I would more than like turn back around and buy another clunker. I like cars that come pre-dented and require little TLC.
I would more than like turn back around and buy another clunker. I like cars that come pre-dented and require little TLC.
source(s):
My Car "Lenny" has over 200k miles and is running great!
My Car "Lenny" has over 200k miles and is running great!
voted helpful: krishirst
I might. It depends on what they would pay me for my old Buick Century. I wonder what they would do with the old cars. I suspect that the answer might cause just as much controversy as the purchase program itself.
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