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01-24-2009, 12:44 AM | #1 |
Mr. 155 and climbing
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U.S. Lawmakers Consider 'Cash for Clunkers'
Kind of interesting....they do not say however if you must buy American or can buy foreign as well.
A new government plan to help phase out SUVs and other aging road hogs is gaining momentum on Capitol Hill. U.S. Senators Dianne Feinstein (D-Calif.), Susan Collins (R-Maine), and Charles Schumer (D-N.Y.) have proposed the so-called "Cash for Clunkers" program which would give drivers a voucher of up to $4,500 for their old gas guzzlers. The money can then be applied toward the purchase of a more fuel-savvy vehicle. According to The Detroit News, drivers will have a chance to buy a used or new car "with a fuel economy rating that exceeds federal targets for that class of vehicle by at least 25 percent. The vehicle must have a manufacturer suggested retail price of less than $45,000 and be a 2004 model or later." Meanwhile, the traded clunkers have to be "drivable", registered in the U.S. and have "a when-new fuel economy rating of less than 18 miles per gallon." Lawmakers say that the program can take at least 1 million hogs off the road and save 40,000 to 80,000 barrels of oil daily in four years. Notwithstanding the opposition from aftermarket trade groups, Cash for Clunkers can work, provided that the voucher is not a blank check to former SUV drivers to spend the money on beer and beef jerky. It can also give the American automakers -- which seem to have finally found their inner green -- a much needed financial boost. The bill "would be an important part of helping getting America's struggling automobile industry back on its feet," Sen. Feinstein said.
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01-24-2009, 04:25 PM | #2 |
Learn to Relax
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It will create a money pit that will buy useless, worthless cars that the owners couldn't give away. In the end it will not stimulate anything except junk yard business'.
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01-24-2009, 11:00 PM | #3 |
Drives: Blazing Blue Liftback Join Date: Oct 2008
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It's just a scam to get people buying new cars again.
Last edited by Phaeton; 07-30-2009 at 10:41 AM. |
01-25-2009, 01:18 AM | #4 |
El Huevo
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I like this scam ;)
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01-25-2009, 01:05 PM | #5 |
Drives: '08 LB MT Bayou Join Date: Oct 2008
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Since when is 2004 or later considered an "old clunker"?
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01-25-2009, 07:16 PM | #6 | |
Banned
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Quote:
Does anyone realize how damn few vehicles that this law will cover? This isn't "Cash for Clunkers", this is "Cash for the re-election campaign of Schumer, Feinstein and Collins". Only ninety seven other senators who have similarly cute ideas for their constituencies. Gene |
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01-25-2009, 08:50 PM | #7 |
Only Happy When it Rains
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i missed that part, that is rather moronic. If it had been 2004 or older, well that might actually do something.
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01-25-2009, 10:47 PM | #8 |
vroom vroom
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guys, read again, there's the word meanwhile in there
Trade in: no mention of age less than 18mpg drivable registered in the US discount eligible for: 2004 or newer new or second hand car MSRP no more than $45,000 mileage 25% better than class average Personally I think this is a good incentive, even though quite artificial, it will help clean things up and in theory get the automobile industry out of its funk. On the other hand, you'll see less cool old cars on the road, and owners of such cars (who don't want to trade) might have a harder time finding spare parts...
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07-29-2009, 04:02 PM | #9 |
Banned
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07-29-2009, 04:32 PM | #10 | |
Start another Oil Thread!
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my car is not eligible :(
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07-29-2009, 05:12 PM | #11 |
Half a Bubble Off Plumb
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I despise this. They're forcing destruction of perfectly good cars. They're not requiring much boost of mileage, and nothing with regard to emissions. It's only another bailout for the car makers.
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07-29-2009, 05:32 PM | #12 |
DARK PHASE OF THE MOON
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It basicly makes all almost new cars that have already been purchased worth $4500 less: thats you and me brothers and sisters. More money from the tax payer to business, more government corruption.
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07-29-2009, 06:34 PM | #13 |
Super Moderator
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I saw ads on TV, the other day. Toyota is participating in the program in California.
Looks like my 22 y old car wouldn't have been eligible either, too good on gas (25 MPG). Not to put down the Yaris or anything, but I still miss that old Honda now and then, really was really fun to drive. Probably wouldn't have passed the smog though, with standards getting higher and higher in california. And I have to agree with Yaris Hilton btw. It is a shame to get people out of their old cars if they work perfectly well. A lot of older people in particular have older cars that work perfectly and they don't want to be obligated to "upgrade." |
07-29-2009, 07:17 PM | #14 |
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I flat don't agree. A billion dollars is a small price to pay to save 40 million gallons of gas annually (conservatively). We burn money for lesser causes. If only we would have spent a quarter of the money we wasted on that stupid war on programs like this!
Don't forget that this benefit is on top of the cars rolling off the line and the dealership employees that have a purpose for the next couple of months. THAT is a stimulus package. That is all I'll say about it, though. |
07-29-2009, 09:23 PM | #15 |
DARK PHASE OF THE MOON
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Actually the war and the clunker bill lhave this very major element in common: they both funnel money from the taxpayer to the military industrial complex : the republians tending to favor the more weapons oriented sector, the democrats the more domestic sectors involving organized labor.
Last edited by Bob Dog; 07-29-2009 at 10:44 PM. |
07-29-2009, 09:56 PM | #16 |
Banned
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My old Chevy Caprice "Doesn't qualify" because the EPA said that the mileage was "estimated at above 18mpg" at the "time of manufacture".
Don't mind, really, though I would have liked to have sold it to someone for a "clunker". Gene |
07-29-2009, 10:26 PM | #17 | |
Start another Oil Thread!
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it's a crap bill aim'd at the hank hill's from king of the hill.
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07-29-2009, 10:46 PM | #18 |
DARK PHASE OF THE MOON
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to the Hank Hills from the kings of capitol hill?
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