Posted on 06/20/2009 11:11:37 PM PDT by TheFreedomPoster
All it will do is get car dealers to inflate their prices #4,500.00.
We are about to be taught how easy it is to abuse this law. A lot of people are going to become rich thanks to this moronic law passed by the buffoons on Capitol Hill.
And put people further into debt. After all, people with "clunkers" are probably those more likely to have financial problems already.
Texas had the program until they were swamped with request.
The Freedie & Fannie of car sales. Will end up the same way.
Here’s the amusing part...people may take advantage of it....buy Fords, Nissans, Toyotas, and such....and not even touch GM or Chrysler.
Didn’t they try this in California back in the 1980’s? Huge scam opportunity,
Here in Germany the government offers 2,500 Euro (appx $3,500) if you buy a new car and scrap one that is at least nine years old.
As I have written elsewhere this makes sense here as for most of the people I know, as well as myself, the price of the cars we are looking to buy, this amounts to a REBATE of the 19% VAT. I don't know if this way by design or luck, but, under the EU laws no country can have a VAT of less then 15%. So, in effect, Germany is telling potential car buyers that there is a TAX HOLIDAY. What is not to like?
They will have to pry my cold, dead, fingers from my ‘61 Studebaker Hawk, and my ‘64 Plymouth Fury.
[They will have to pry my cold, dead, fingers from my ‘61 Studebaker Hawk, and my ‘64 Plymouth Fury.]
Ditto from my ‘57 Bel Air and ‘67 Camaro. No stinkin smog checks for me either. I just got tired of unfixable new cars that depreciate.
I guess they pulled that number out of their asses, just like the Minimum Wage and the CAFE Standards.
We are ruled by Narcissistic Fools and Idiots.
Would be a good time to be a dealer with a lot of $500.00 junkers. Sell them for $1500.00 to the people who can use them to get a $4500.00 discount. Everybody’s happy... if you don’t count the taxpayer who takes it in the shorts.
Can’t have my 69 dart swinger 340 4 on the floor.
The buyer has to have owned the clunker for the prior 12 months, have it registered with the state, etc. So it won’t do any good to buy someone elses clunker. The unintended consequences of this will be interesting. I suspect dealers will chop shop the clunkers salvageable parts before crushing it.
YEA,Prius Pussies from Harvard!
Cutoff at 1984! Damm I was going to trade in my 1981 Delorean on a new GM eco car.
Some times you just can’t win.!!!!!!!!!
I’d think that the price of the junker would approach $4500.
And that’d make it awful hard to find a functional car for less than $4500.
I thought that Obama cared about poor people.
True and for their next bill we can trade in clunkers for breeder mules.
Ebay motors is loaded with clunkers selling for less than $1k
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.