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Cash for Clunkers - Does it Work for You?

2647 messages,  Last post on Oct 01, 2009 at 6:33 PM

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What is this discussion about? Car Buying, Legislation

Edmunds Cash for Clunkers Calculator
 
I Traded My Clunker and Bought a....?


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#2618 of 2647
Re: My Tax man says NO!! [oldfarmer50] by kdhspyder
Sep 23, 2009 (9:41 am)
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Replying to: oldfarmer50 (Sep 23, 2009 6:44 am)

Hardly.
 
The original program was intended to last 12 months, use $4 Billion in stimulus money and get about 1 million clunkers off the road replaced by 1 million newe more efficient vehicles.
 
It lasted 6 weeks, used $3 Billion and involved about 700,000 units. It worked like a charm, with a few hiccups. Hmmmm, not all the money was used.
 
I'd bet on C4C Part II. It may even become an annual event on a more limited scale. Call this past C4C 'the trial run'. Nothing this successful will simply be kicked to the curb. The US public obviously loved it. Hey, it's OUR money afterall. Why shouldn't we get the benefit?
#2619 of 2647
Re: My Tax man says NO!! [joegiant] by ateixeira
Sep 23, 2009 (9:42 am)
Reply

Replying to: joegiant (Sep 23, 2009 8:37 am)

I have 2 memberships...
 
1. Regal used to offer free popcorn on Tuesdays. I don't think they do any more, but you still earn "points" for free stuff. Not as generous as the plan from ...
 
2. AMC/Loews. They offer a free small popcorn for every person who buys a ticket on Wednesdays. 12 tickets, 12 bags of popcorn, everyone gets one. Plus you get points and every 5th ticket gets you another freebie (drink, more popcorn, or free tickets).
 
So naturally we go to AMC/Loews. It's called the MovieWatcher club, and it's free to join:
 
http://moviewatcher.com/
 
Smart people figure out supply and demand. Go on a slow day, when demand is low, and pay less.
 
The ones who complain the loudest simply aren't as smart! Sorry but it's true.
 
Be Smart! Same with cars, folks, so this is very much on topic!
#2620 of 2647
Re: My Tax man says NO!! [gagrice] by ingvar
Sep 23, 2009 (9:46 am)
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Replying to: gagrice (Sep 22, 2009 10:34 am)

He found out the C4C program caused all the problem
100% false. His greed and stupidity caused the "problem". I'm looking for a new car. I'm going to buy it as soon as prices drops below pre-C4C time. If some idiot has "burning desire" to buy a car it is his problem
#2621 of 2647
Re: My Tax man says NO!! [oldfarmer50] by kdhspyder
Sep 23, 2009 (12:57 pm)
Reply

Replying to: oldfarmer50 (Sep 23, 2009 6:44 am)

...and furthermore....
 
http://www.greencarcongress.com/2009/09/ucd-c4c-20090922.html#more
 

The study also suggests that a long-term Cash-for-Clunkers program may be more suitable to CO2e reduction because with such a program policymakers could send a clear, long-term signal to auto manufacturers for more fuel-efficient vehicles. Considering the 4-6 year vehicle product planning, design, and introduction cycles where major retooling of automobile plants is needed, the researchers said, such longer term programs could actually induce technology changes.

 
long-term C4C... ????
#2622 of 2647
Re: My Tax man says NO!! [kdhspyder] by gagrice
Sep 23, 2009 (1:00 pm)
Reply

Replying to: kdhspyder (Sep 23, 2009 12:57 pm)

Why not? Just keep C4C going until every clunker is off the roads. Can't be more than 100 million of them out their. They need to raise it as the flow slows. I will be really tempted if I can get $5500 for my 99 Ranger.
#2623 of 2647
Re: My Tax man says NO!! [gagrice] by kdhspyder
Sep 23, 2009 (1:06 pm)
Reply

Replying to: gagrice (Sep 23, 2009 1:00 pm)

I'd guess that there's a good 50 million of them hiding in the bushes....a few less now.
#2624 of 2647
Re: My Tax man says NO!! [kdhspyder] by gagrice
Sep 23, 2009 (1:19 pm)
Reply

Replying to: kdhspyder (Sep 23, 2009 1:06 pm)

That is only about a quarter of the stimulus package at $4000 per clunker. I think the rush was induced by the small figure and the initial surge of clunkers. I think it would be pretty slow rolling if there was no time or dollar figure involved. A lot less stressful.
#2625 of 2647
Yes and it is STILL working for me by gracenumber2
Sep 24, 2009 (2:19 am)
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I purchased my Sentra on 7/24/09 after much research here on Edmunds- THANKS ya'll. And 2 months later: With insurance and payments being made, STILL enjoy everything about the deal and the car...
Went from 12 MPG on the old 93 Bronco to over 30 MPG on the Sentra and THAT cash out for gas savings covers more than half the additional expenses monthly. It is wonderful knowing I can get to my job and visit grand kids and truely believe this purchase was one of the best transactions I my life.
just one point.. At gas 2.5 p gal... Spent $50.00 weekly gas on commute, NOW spend about $18.00. I gotta say THANKS again EDMUNDS... I am a single woman that navigated the purchase with only your help.
#2626 of 2647
My dealer still not paid for my clunker since 7/24/09 by ldisler
Sep 24, 2009 (4:55 am)
Reply
Got a call from my dealer that they need me to come in and sign another form so they can get the clunker money. I took delivery on 7/24/09 and have my tags and title. I guess the dealer is at my mercy now !!
I'm going to read this form very clearly.
#2627 of 2647
Re: My dealer still not paid for my clunker since 7/24/09 [ldisler] by mikefm58
Sep 24, 2009 (6:41 am)
Reply

Replying to: ldisler (Sep 24, 2009 4:55 am)

Got a call from my dealer that they need me to come in and sign another form so they can get the clunker money
 
Yeah, so they can get it from YOU in the event the fed denies the claim, which they probably already know the answer to that one by now.

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