Cash for Clunkers

[sgrizzle]

Why do we bother writing it if you aren't even gonna bother reading before you post?

[Hoss]

Read the rest of the thread.

For Christ's sake, read the thread before you post.

Read the thread...it will help you.

Read the F'ing thread.

The thread...read the thread.  Read the thread, read the thread, read the thread.

He's only got a limited amount of time on the library computer, dontcha know?

[dbacks fan]

A side note on this. I was driveing to work the other morning and passed a flat bed wrecker hauling a couple of cars from the progam to a recycler in Mesa. ONe of them was a Chrysler/Maserati TC and the other was a 1999 BMW 750 iL with the V12 engine in it.

[cannon_fodder]

Speaking of cash for clunkers, does anyone know if the $4500 is taxed?

/sarcasm, please don't jump me.

[Conan71]

Speaking of cash for clunkers, does anyone know if the $4500 is taxed?

/sarcasm, please don't jump me.

[Cats Cats Cats]

Speaking of cash for clunkers, does anyone know if the $4500 is taxed?

/sarcasm, please don't jump me.

It is taxed at a 25% rate but then after that there is an 133% return on the 75% of the money that you receive.

[Kashmir]

Not to mention the state...they also will be sending you a form for STATE taxes on that 4500.  So plus the gov's 4500, then the state taxing you, 45000, ooops, then maybe a city 450000 then the darn school district wants a piece...damn, you've bought yourself a bentley.   

[buckeye]

That's such a shame.

It's revolting to imagine a serviceable BMW V12 dying a gruesome death by poisoning.

[sauerkraut]

There were alot of very good cars ruined for the clunker program- there was no reason at all not to allow the clunkers to be re-sold instead of destroyed, what a waste.  At least they could of had a exception for cars with under 100,000 miles or so. I watched many cars be destroyed on youtube and there was this red 1991 Ford Crown Victoria with only 5,000 miles on the clock- (no doubt it belonged to some oldster), anyhow the car was  in totally mint shape red inside & outside, there also were alot of BWM's shown on youtube being destroyed and even a Toyota Land Cruiser with only 78,000 miles on the clock. Youtube has tons of "clunker" cars being destroyed. It was totally nuts. It takes a strong stomach to see some cars in good shape be destroyed. They also had some old ratty heaps too, one clunker car someone turned in even had a severe knock in the engine before it was destroyed.

[sauerkraut]

That's such a shame.

It's revolting to imagine a serviceable BMW V12 dying a gruesome death by poisoning.

Even worse is that the engine parts and block are destroyed and those engines are hard to come by. Youtube showed a Ford truck with a V-10 being destroyed, parts for those engines are also hard to come by. They say once they put that glass liquid in the engine everything is runined from the block to the cams and crank and cannot be salvaged. It's hard to believe but Some company actually made the stuff to destroy the engines it's called  "Engine Dis-Abler" and comes in jugs or 55 gallon drums. It's a product designed just to ruin a gasoline engine.  One mech. had it in a half-gallon bottle and showed what it was on camera.

[Conan71]

There were alot of very good cars ruined for the clunker program- there was no reason at all not to allow the clunkers to be re-sold instead of destroyed, what a waste.  At least they could of had a exception for cars with under 100,000 miles or so. I watched many cars be destroyed on youtube and there was this red 1991 Ford Crown Victoria with only 5,000 miles on the clock- (no doubt it belonged to some oldster), anyhow the car was  in totally mint shape red inside & outside, there also were alot of BWM's shown on youtube being destroyed and even a Toyota Land Cruiser with only 78,000 miles on the clock. Youtube has tons of "clunker" cars being destroyed. It was totally nuts. It takes a strong stomach to see some cars in good shape be destroyed. They also had some old ratty heaps too, one clunker car someone turned in even had a severe knock in the engine before it was destroyed.

You would assume though, that if the cars were truly in good running order, they had no value over $3500 or $4500 otherwise the customer would have arranged a trade and not taken less for their car.  Of course the whole point of the program supposedly is to reduce emissions, foreign oil dependence, etc.  There's a pretty high recycling cost involved, not to mention needing to reclaim refrigerants and deal with waste oil and gasoline in each vehicle.  Somewhat of a folly, but it did spur sales in the automotive sector for a month or so. 

I'm betting there's all sorts of fraud that will come out of this deal, between dealers submitting fraudulent claims and auto "recyclers" not crushing cars but putting them back out in the market.  Just wait.  It'll be like Katrina debit cards all over again.

[sauerkraut]

You would assume though, that if the cars were truly in good running order, they had no value over $3500 or $4500 otherwise the customer would have arranged a trade and not taken less for their car.  Of course the whole point of the program supposedly is to reduce emissions, foreign oil dependence, etc.  There's a pretty high recycling cost involved, not to mention needing to reclaim refrigerants and deal with waste oil and gasoline in each vehicle.  Somewhat of a folly, but it did spur sales in the automotive sector for a month or so. 

I'm betting there's all sorts of fraud that will come out of this deal, between dealers submitting fraudulent claims and auto "recyclers" not crushing cars but putting them back out in the market.  Just wait.  It'll be like Katrina debit cards all over again.

All the clunker sales program did was transfer September car sales into August. Car sales slumped in September since those in a market for a new heap already bought one in August. According to comments on youtube and the people destroying the cars many cars could of been sold for more money than what the clunker program paid for them. Land Cruisers with 78,000 miles, pickup trucks a few years old and things like that.