ExiledInIllinois Posted June 24, 2009 Share Posted June 24, 2009 From the cars.gov website FAQs, Most mid-size sedans made in the last 25 years would come in at 19+. I've never driven anything that averaged less than that. Even my old 8 cylinder Chevy Caprice shows up as a 19MPG car. Some cars in the 1950's were averaging 19 mpg (highway)! I forget where I was reading it... I think it was in one of the Chicago newspapers... They had an expose on the "family road trip"... One entry was from a wife that was keeping a log/diary... The entry said they were getting 19 miles per gallon on the highway. WTF?? Link to comment Share on other sites More sharing options...
Live&DieBillsFootball Posted June 24, 2009 Share Posted June 24, 2009 Very, very few cars would even qualify. A lot of trucks would easily qualify. But then you also have to figure that the money is for junking your car, so you get nothing for your trade-in. So it only makes sense if your car is worth less than $3500. If it's worth $2000, that rebate only nets you $1500 when you scrap it. One other thing to consider: if the dealer knows that you qualify for the rebate, what are the odds that he tries to skim off some by giving you less of a discount on the new vehicle? How many people driving a worthless POS can even afford the payments on a new vehicle even with this "extra" rebate? Not only doesn't this bill look like it will stimulate sales, it also gives up too much for too little mileage improvement. $3500 to buy a truck that gets 2 mpg better than your old POS? Yeah, that will reduce our reliance on foreign oil. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 24, 2009 Share Posted June 24, 2009 I think somebody was telling me that a scrap car now only bring 40-50 bucks. ?? Link to comment Share on other sites More sharing options...
The Dean Posted June 24, 2009 Share Posted June 24, 2009 My 1993 BMW 740il qualifies. I paid $3,500 and a junker trade for it, a year and a half (or so) ago. It is in very good condition, for the most part, but currently needs some work (ABS issue, maybe break linings too, and some new hoses and such). It has 150,000 miles on it. This is a tough decision for me, as I really like my car. If I could get trade value PLUS the incentive, it would be a slam-dunk. But if the cars have to be crushed, that won't happen. Link to comment Share on other sites More sharing options...
MarkyMannn Posted June 24, 2009 Share Posted June 24, 2009 I can get $4500 trade in on my gas guzzler 1970 426 hemi cuda? Count me in. SWEET! I'll give you $5k for it. I had a '72 Cuda, only with a 340 though Send it to one of those high end car auctions like you see on TV now. You'll get $45,000 Link to comment Share on other sites More sharing options...
John Adams Posted June 24, 2009 Share Posted June 24, 2009 My 1993 BMW 740il qualifies. I paid $3,500 and a junker trade for it, a year and a half (or so) ago. It is in very good condition, for the most part, but currently needs some work (ABS issue, maybe break linings too, and some new hoses and such). It has 150,000 miles on it. This is a tough decision for me, as I really like my car. If I could get trade value PLUS the incentive, it would be a slam-dunk. But if the cars have to be crushed, that won't happen. Scapyards turning into used car salesmen in 3, 2... Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted June 24, 2009 Share Posted June 24, 2009 SWEET! I'll give you $5k for it. I had a '72 Cuda, only with a 340 though Send it to one of those high end car auctions like you see on TV now. You'll get $45,000 Most likely a 360. Link to comment Share on other sites More sharing options...
Lurker Posted June 24, 2009 Share Posted June 24, 2009 How many people driving a worthless POS can even afford the payments on a new vehicle even with this "extra" rebate? Therein lies the rub... Link to comment Share on other sites More sharing options...
Lurker Posted June 24, 2009 Share Posted June 24, 2009 Scapyards turning into used car salesmen in 3, 2... The car has to have been registered and insured for a year, so no dice for the junkmen... Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 24, 2009 Share Posted June 24, 2009 The car has to have been registered and insured for a year, so no dice for the junkmen... I don't know what you mean? Look at SDS' situation, the scrap yard will give 200 bucks... Are they really going to scrap it it... Will they apply for a junk title?? Link to comment Share on other sites More sharing options...
Live&DieBillsFootball Posted June 24, 2009 Share Posted June 24, 2009 I don't know what you mean? Look at SDS' situation, the scrap yard will give 200 bucks... Are they really going to scrap it it... Will they apply for a junk title?? I think that I read that the dealer is responsible for making sure that the engine and transmission are destroyed. Link to comment Share on other sites More sharing options...
stuckincincy Posted June 24, 2009 Share Posted June 24, 2009 I think that I read that the dealer is responsible for making sure that the engine and transmission are destroyed. Yes - they can sign a piece of paper. Link to comment Share on other sites More sharing options...
Lurker Posted June 24, 2009 Share Posted June 24, 2009 Think about this though Pooj, you could buy a new Hyundai Sonata for about $17K, get $3k in rebates plus get $4500 from the Gov. for a total price of $10K as you mentioned. IIRC, you can also deduct the sales tax on your federal taxes. In NYS, that's a nice deduction... Link to comment Share on other sites More sharing options...
Lurker Posted June 24, 2009 Share Posted June 24, 2009 Are they really going to scrap it it... Will they apply for a junk title?? The program requires dealers to scrap the vehicles that are traded in. With only about 250,000 vouchers expected to issued, it won't provide much of a lift to Detroit... Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 24, 2009 Share Posted June 24, 2009 The program requires dealers to scrap the vehicles that are traded in. With only about 250,000 vouchers expected to issued, it won't provide much of a lift to Detroit... Oh, I see... Thanks! You just know that there is going to be some who try all kinds of things! Link to comment Share on other sites More sharing options...
stuckincincy Posted June 24, 2009 Share Posted June 24, 2009 SWEET! I'll give you $5k for it. I had a '72 Cuda, only with a 340 though Send it to one of those high end car auctions like you see on TV now. You'll get $45,000 Perhaps a bit more... http://www.hagerty.com/lifestyle/hobby_article.aspx?id=34632 Link to comment Share on other sites More sharing options...
Beerball Posted July 31, 2009 Share Posted July 31, 2009 The program requires dealers to scrap the vehicles that are traded in. With only about 250,000 vouchers expected to issued, it won't provide much of a lift to Detroit... Already tapped out. Link to comment Share on other sites More sharing options...
inkman Posted July 31, 2009 Share Posted July 31, 2009 Already tapped out. Just traded my clunker in yesterday! Link to comment Share on other sites More sharing options...
PromoTheRobot Posted July 31, 2009 Share Posted July 31, 2009 Very nice planning by the federal government. A program that was designed to last four months has run out of money in one week. I don't think it was meant to last four months. The had enough to pay for 1 million cars I think. Funny how no one is reporting the auto industry probably had it's best couple of days in history. PTR Link to comment Share on other sites More sharing options...
inkman Posted July 31, 2009 Share Posted July 31, 2009 I don't think it was meant to last four months. The had enough to pay for 1 million cars I think. Funny how no one is reporting the auto industry probably had it's best couple of days in history. PTR The guys at the Pontiac dealship were running around with giant woody's everytime I stopped in. No complaints from them I'm sure. Link to comment Share on other sites More sharing options...
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