“While participation in the voluntary program is hard to gauge”
It’s not hard for me to gauge. It is NOT financially feasible for me to purchase a new vehicle given the present economy and the overwhelming corruption and stupidity of Congress.
I’ll keep the “clunker.”
(So what will Congress do then? Force the banks to lend money to all of us who cannot afford a new vehicle? [sarc])
Me neither. The full sized van I drive would handle a new engine and tranny rebuild, some body work and paint and go another 100K (nearly 300K now), far, far cheaper than a used vehicle, and still do the job sans computer (it is a '75). I'd retain the ability to work on it as well.
I have been weighing that against buying a used van which would (equivalent vehicle) probably require all that and more before the next 100K miles, and likely be something I could not work on myself. Not too tough to figure that one out.
Aw come on now, all of us a rich. That’s why they put a $45,000 limit on the car you could buy...they just know all of us won’t settle for anything less than a $50,000 vehicle, after all it’s what they would buy.
Seriously, there has never been, nor will there ever be a time when I would consider buying a car that cost that kind of money. I could buy a house and land for that.