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To: BwanaNdege
Good point. Also, the uncertainty of this program's future parameters provides great uncertainty to the market.

For example, the government can, at any time, make the mileage requirement much lower to exclude more models. It can also exclude specific models and makes by name.

The uncertainty of the program's future is what makes it such a joke.

Some dealers are even doubtful if they will ever get the rebated money from the federal government even though they have fully complied.

The dealers have to prove they destroyed the trade-ins before they are paid so if the feds refuse to pay, the dealer cannot even sell the vehicles to recover their losses because they have been required to destroyed them.

How would you enforce a claim if you are a dealer? Would you sue the federal government? Good luck with that.

This program is the biggest mess I have ever seen. What a joke!

17 posted on 08/01/2009 8:41:12 AM PDT by NoControllingLegalAuthority
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To: NoControllingLegalAuthority

Some people already got caught in the middle. Traded in their car and then the rules changed the next day. Dealer called them and said they needed the $4,500 they gave them or they couldn’t keep the car. I wondered if the dealer had already destroyed their car.


28 posted on 08/01/2009 9:02:16 AM PDT by autumnraine (You can't fix stupid, but you can vote it out!)
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