Even worse, the most valuable parts of the purchased vehicles, their engines and transmissions, are destroyed, eliminating an economical source of spare parts for other vehicles. This is the first time I've seen deliberate vandalism and wanton destruction of valuable resources that are particularly useful to low income people enshrined as national policy.
Right but this is a Government Program. Logic is irrelevent. This is just another attempt to prop up the falling house of cards. The way I see it. We are like the twin Towers on 9/11. Both planes have hit and we are burning. The only question is WHEN the collapse will occur and how many of us can escape. I am PLANNING on the collapse. I only hope my escape is successful.
“Multiply this by thousands and the Government is really sticking it to lower income citizens by denying them reliable, inexpensive transportation.”
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Not just low income people, I have a relative who is VERY well off, he won’t show up in fortune magazine but he is one of those who has retired very comfortably. He makes a lot of trips from Kannapolis, NC to Myrtle Beach and he made many of those trips in a Honda Accord that he bought used for $2000.00. It ran like a new car, I don’t know if he still has it but that sort of cost cutting is one of the reasons he is financially as comfortable as he is.
I agree with you completely. Plus, in exchange for removing affordable “pre-owned” cars from the market, the govt is putting the new buyers into loans that they would not necessarily be wanting to make this summer.
Next summer I foresee a government plan to pay many of these loans so that the car dealers are not forced to repossess many of these ‘new’ cars.
Because I own a dearly loved 1993 car, I received a letter from a local dealership that I was eligible for one of these subsidies. All I could think of was the waste of advertising dollars for the dealer - and the bonus for whatever advertising company which made money on this fancy mailer.
Multiply this by thousands and the Government is really sticking it to lower income citizens by denying them reliable, inexpensive transportation.
“Even worse, the most valuable parts of the purchased vehicles, their engines and transmissions, are destroyed, eliminating an economical source of spare parts for other vehicles. This is the first time I’ve seen deliberate vandalism and wanton destruction of valuable resources that are particularly useful to low income people enshrined as national policy.”
Just think what these numb nutz are doing to used car prices out two or three years from now...taking almost a million used vehicles out service is bound to increase the prices of said vehicles out a few years from now. Who is that going to effect?