larryinlc 09:18 PM 07-23-2009
I have a pristine 95 Camaro bought new by me with 43k miles on it, and thought I might take advantage of the cash for clunkers program. According to the cars.gov website, my car averages 20mpg so it does not qualify. Also, it would be shame to scrap this car as required by law. Still, that 4500.00 would have been a sweet deal on a new car. Anyone taking advantage of the program??
Larry
[Reply]
kgoings 09:21 PM 07-23-2009
Originally Posted by larryinlc:
I have a pristine 95 Camaro bought new by me with 43k miles on it, and thought I might take advantage of the cash for clunkers program. According to the cars.gov website, my car averages 20mpg so it does not qualify. Also, it would be shame to scrap this car as required by law. Still, that 4500.00 would have been a sweet deal on a new car. Anyone taking advantage of the program??
Larry
Nope, I will not be part of the bail outs. I also will never buy a GM again.
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larryinlc 09:23 PM 07-23-2009
Originally Posted by kgoings:
Nope, I will not be part of the bail outs. I also will never buy a GM again.
Ah, all make and manufacturers are included, not just American.
Larry
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kydsid 09:44 PM 07-23-2009
I would love to with my 94 4Runner but I haven't owned it a year so I don't qualify. Way to go green/economic legislation. Seriously a year? What is the point in that.
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Benwoo 09:47 PM 07-23-2009
Originally Posted by kydsid:
I would love to with my 94 4Runner but I haven't owned it a year so I don't qualify. Way to go green/economic legislation. Seriously a year? What is the point in that.
Probably so people are less likely to go out and keep buying and turning over qualifying cars with the money.
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kgoings 09:55 PM 07-23-2009
Originally Posted by larryinlc:
Ah, all make and manufacturers are included, not just American.
Larry
My comment about GM was not related to the Cash for Clunckers, it was directed at their bankruptcy and now being Government owned and run. I will not support this Gov.
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rack04 10:02 PM 07-23-2009
Originally Posted by kgoings:
My comment about GM was not related to the Cash for Clunckers, it was directed at their bankruptcy and now being Government owned and run. I will not support this Gov.
Do you pay taxes?
:-)
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kgoings 10:16 PM 07-23-2009
Originally Posted by rack04:
Do you pay taxes? :-)
trying not to LOL
:-)
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BC-Axeman 10:17 PM 07-23-2009
A 95 with only 43K on it? Wow! I would put that on in less than three years.
Can you get cash for a dead Toyota and buy a Ford?
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larryinlc 10:22 PM 07-23-2009
Originally Posted by BC-Axeman:
A 95 with only 43K on it? Wow! I would put that on in less than three years.
Can you get cash for a dead Toyota and buy a Ford?
If you've driven and had it registered it for the past year, yes. But, it has to have an average mpg of 18 or less per the government table.
Larry
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smokeyandthebandit05 10:30 PM 07-23-2009
I was thinking about it. I have a 93 Explorer that gets me around 10 MPG. I really want to get a truck but the only ones available are the small ones like the Ranger, Colorado/Canyon, the Mazada version of the ranger and the tacoma and most are only 2 wheel drive. What is nice is they offer the Colorado in a 4 wheel drive with a 5 or 6 speed manual which would be cool. Does anyone have experience with the 4 cylinder Colorado/Canyon? The thing is I really want to get a new Silverado and for a 20 year old kid I dont really want to be making payments.
I might just end up getting a used truck and selling the explorer
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cricky101 10:23 AM 07-24-2009
My dad is thinking about trading in his old (mid 90s I think) Explorer. I'm not sure how much he'll get, but said he's going to try it.
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smokeyandthebandit05 10:46 AM 07-24-2009
Originally Posted by cricky101:
My dad is thinking about trading in his old (mid 90s I think) Explorer. I'm not sure how much he'll get, but said he's going to try it.
If he wants to get a car he'll get $4500. For the small trucks Im pretty sure he'll get $3500.
Hold on I'll find the link
----------------
Now playing:
Bruce Springsteen - The Rising
via
FoxyTunes
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smokeyandthebandit05 10:47 AM 07-24-2009
zmancbr 10:54 AM 07-24-2009
I was most pissed about the stupid age limitations of the bill... the car or truck being traded in has to be 25 years or newer? What the crap is that? My parents have an old POS F250 they inherited from my grandparents that they would love to trade in and get rid of, but its a 1982 so they don't qualify...
I have to say I'm getting seriously tired of these damn hoops you have to jump through for this bill... A serious waste of a Billion dollars...
:-)
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kydsid 11:08 AM 07-24-2009
Originally Posted by Benwoo:
Probably so people are less likely to go out and keep buying and turning over qualifying cars with the money.
And what would be so bad about that? You would get more old cars off the road, better environmental impact. And for each turned in car you get sales tax off of three sales: buying the old car, buying the new car, and the guy that sold the old car now has cash to buy something else?
If the idea is an environmental and economing impact the 1 year restriction is stupid.
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BC-Axeman 11:30 AM 07-24-2009
What happens to the old cars? They have to be registered and drivable. Do they crush them or maybe ship them out of country?
My 11 year old 295 HP V-8 car gets 18.5 MPG city, 25 MPG at 75 MPH on the open road. It would not qualify. Same mileage the 125 HP Toyota got before the engine died. I'm S.O.L.
Besides, you can save far more money buying a two year old low mileage car.
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kydsid 11:35 AM 07-24-2009
Originally Posted by BC-Axeman:
What happens to the old cars? They have to be registered and drivable. Do they crush them or maybe ship them out of country?
All cars turned into a dealership for the program must be registered with the program and proof of crushing turned in or a fine will be levied on the dealer.
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JohnRogers 12:33 PM 07-24-2009
They want to make sure you don't go to a salvage yard and buy a $500 "driver" to scam the system. I like the 25 year old rule to protect classics, speaking of...this Camaro with a V8 is worth more as a low mileage enthusiast car. Even a well preserved low mileage V6 car could be worth more than the $4500. Any way I wasn't planning on replacing the wife's car for two more years but if I can get the numbers straight I'll buy her a PT Cruiser today for $8500. My '95 Cougar qualifies.
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Commander Quan 01:08 PM 07-24-2009
This almost makes blood shoot out my eyes! Why the hell are they scraping these vehicles? Aren't there people out there that are loosing their vehicles because they have lost they're job and can't afford the payments? How are they supposed to get to work when they get a job? What about the lower income families that don't need a new car but need a reliable vehicle? I'm 26 and up until a year a go I didn't drive a care that I paid more than $3000 for, and none of those were "clunkers". That means that if the people that I bought those cars from could have traded it in for 4500 even though they were only worth between $2,000 and $3000 I would have had to either pay more for a car or not gone to work, and school.
Instead the program should have been to donate your car to one of the charities that auction them off, the Gov't could give a tax refund up to a certain amount that could be used either for a new car, or a good used car, or spent however someone wanted to like making a couple extra payments on a house or pay down a credit card bill, you know smart thing like that.
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