"Cash for Clunkers" destruction rules released today

[tmak26b]

Program is great for me, here is why.

I paid $2300 for my Q, put about $600 in car for repair, drove it for 15 months and put 18K miles on it. I was going to sell this car dirt cheap after the winter as I am not sure if it will pass emission next year. Then this deal came along, I took it and I got $4600 toward a new car. I am happy as the Q was starting to fall apart. I had a good year with it while it lasted, but I knew the car was inefficient and the new car would use half the oil and gas. So why not? I am going to be sad that the car will get crush, but oh well. All good things must come to an end.

Also I pay more than enough taxes to cover for this $4500, so please don't give me the BS like I owe you.

[tmak26b]

What the hell are you talking about? There are a lot of restrictions to the program and not everyone qualifies. Your trade will act as a downpayment toward the car. If you get them to sell you the Altima for $20K, you simply have to go into the dealer with $15500 or finance $15500 + taxes and reg.

This cash for clunkers program is really just a fed bailout to drive foot traffic into the dealerships. A marketing budget. Fuel economy is not the real issue. In order to qualify, you must improve MPG by 2. What a joke. Also, to qualify you must buy ONLY a new car. What if someone wants to buy a 2008 Altima Hybrid? That would certainly improve MPG.

Also, the $3500 - $4500 cannot be used as a down-payment in the "front" of the car deal. The feds are not cutting checks to the public. It is a reimbursement that is applied at the end of the car deal so that the $$$ goes directly to the dealerships. The dealership simply marks down the sticker price of the new car, again at the END of the car deal.

The cash for clunkers incentive does not factor into the financing at all. Customers must still be approved for the original sticker price of the new car without the cash for clunkers incentive. So, if the new car costs $22500, the customer's credit app must be approved for $22500, not $18000 ($22500 minus $4500).

New cars depreciate 25% - 35% in the first year of ownership.

Oh well, enjoy what you got while you got it. I'm gonna go for a drive up the PCH to Santa Barbara tomorrow. Should be a nice ride.

[Infinitiguy19]

I had a good year with it while it lasted, but I knew the car was inefficient and the new car would use half the oil and gas.

I can understand the fuel but are you burning oil or is an extra quart or two going to break your bank account every oil change?

[tmak26b]

I can understand the fuel but are you burning oil or is an extra quart or two going to break your bank account every oil change?

I am using less oil am I? Isn't that part of the goal of this legislation? To decrease the use of oil/gas and also stimulate the economy.

[Infinitiguy19]

OK but where are you going to find another fun and fair to maintain car like you had?

I think we all won't live long enough to see the effects of "Global Warming" so WHO GIVES A f***, LIVE LIFE TO THE FULLEST WITH NO REGRETS!!!
Modified by Paul Wall at 1:00 AM 7/30/2009

[Q451990]

I am using less oil am I? Isn't that part of the goal of this legislation? To decrease the use of oil/gas

No

and also stimulate the economy.

Yes, if "econonmy" = campaign coffers of candidates with a "D" behind their name getting contributions by the auto industry.

[tmak26b]

OK but where are you going to find another fun and fair to maintain car like you had?

I think we all won't live long enough to see the effects of "Global Warming" so WHO GIVES A f***, LIVE LIFE TO THE FULLEST WITH NO REGRETS!!!

Modified by Paul Wall at 1:00 AM 7/30/2009

I am sorry, but I owned a C6, 350z, RX-8 and many other sports car. The Q to me is a commuter boat, not what I consider fun. I will miss the Q, but not for the same reason as you mentioned. I know the record of the new car because it had 2 miles on it when I picked it up..........

[tmak26b]

No

Yes, if "econonmy" = campaign coffers of candidates with a "D" behind their name getting contributions by the auto industry.

Please take your political crap out of it. I am a full grown adult and I can think for myself. If you like your republicans so much, go vote more of them in. Maybe they will take you in as their little bf/gf on the side.

I don't know about you, but I have an enough of an economics background/knowledge to know what this deal can do to our economy and the auto industry. Almost every new cars purchased would have to pay sales tax, who do you thinks pay for it and where do you think the money goes? I think my state ate $1800 of that $4500 I took. Our society/economy is based on consumer spending, any kind of responsible spending is a good thing. If you don't understand, grab an economics book and see what it is all about. Conservative talk radio doesn't count as a real source

[Victor]

This article says the government is going to suspend the cash for clunkers program.http://www.breitbart.com/artic...cle=1

[tmak26b]

This article says the government is going to suspend the cash for clunkers program.http://www.breitbart.com/artic...cle=1

Yeah, my jaw almost dropped because I was rushing my friend to complete his deal on his Versa. He was supposed to pick up the Versa at 2PM today, but he couldn't do it because he was trying to strip every mod he put into the car so he can make a few quick bucks. Now he is left without the versa and with a super beat clunker!

I got mine on Monday, they have to sue me to get anything back from my pocket!

[Infinitiguy19]

No offence but if you have 3 great car like your why are you wasting our time with a Versa?

Why not a good old american truck?

[sidewaysonmy180]

have any of you people ever thought of this a 1988 through 1991 honda crx hf model gets about 45 mpg and you can go pick one up in la for about $1500. while a prios does the same mpg but costs $20000 and we know everything now a days are made to break. so why would any one get them selves into dept like that. we all know old cars are better except for my 240sx its worse than having a girl friend.hahahaha

[aces805]

Your trade will act as a downpayment toward the car. If you get them to sell you the Altima for $20K, you simply have to go into the dealer with $15500 or finance $15500 + taxes and reg.

[/QUOTE]Under the cash for clunkers plan people are being encouraged to take cars that run perfectly fine and to have their engines intentionally seized and then shredded and smashed into a cube. Some would say that sounds wasteful. Some would say there's plenty of people who desperately need transportation and could use those cars that are working perfectly fine. Some will say even if we didn't give those cars to people who needed them, we're causing an artificial shortage of affordable used cars which will drive their prices up and make them less affordable.

Some would also say that since the government requires that the cars get crushed and shredded, small auto recycling businesses whose main source of income comes from recycling used engines and drivetrains are being hurt by this government and its programs. Some would also say that incentivizing people to dump cars, they likely have a low payment on or no payment at all in favor of a newer car with a bigger payment is fiscally irresponsible. It's a smaller version of, "Hey, forget about that whole down payment thing. Buy the house."

[tmak26b]

I am sorry, but I have a job that requires me to taking clients around. I also have to carry kids around, I am not driving a death trap. Thanks for the suggestion, but I am willing to pay for safety and comfort.

Ron, I will be the first one to admit the program is economic driven and it is basically a second bail out to the auto industry. Of course, there is a trickling effect that can possibly keep a lot of people employ longer. Heck, it might be a jumpstart that our economy needs. We will find out in two months when they release 3Q earnings.

Also as a Q45 owner, I assume you haven't had to get a car loan recently. Well, let me just say it is not as easy as before. The approval rate is 50/50 in this economy, why do you think people are usually trading in their 30K (new price) to cars in the 20K range.

have any of you people ever thought of this a 1988 through 1991 honda crx hf model gets about 45 mpg and you can go pick one up in la for about $1500. while a prios does the same mpg but costs $20000 and we know everything now a days are made to break. so why would any one get them selves into dept like that. we all know old cars are better except for my 240sx its worse than having a girl friend.hahahaha

[Skibane]

Quote »The dealer will drain the oil, replace it with an abrasive solution, and run the engine. This will trash all the surfaces lubricated by engine oil.[/quote]If you like the idea of getting rid of "old clunkers", you're going to LOVE universal health care...