Comments on: My Cash for Your Clunkers http://toughmoneylove.com/2009/06/11/cash-for-clunkers/ The Hard Truth about Money and Personal Finance Fri, 19 Mar 2010 02:03:20 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Mark http://toughmoneylove.com/2009/06/11/cash-for-clunkers/comment-page-1/#comment-4853 Mark Wed, 24 Jun 2009 01:14:25 +0000 http://toughmoneylove.com/?p=3926#comment-4853 This plan is perfect, at least for me. I have a 2002 Dodge Stratus 130k miles, and it is on its last leg. According to Kelly, and NADA the car is worth $1200 max in good condition and I owe $4200 on it. So the government will give "me" $4500 for it?? Why would I not do it, how is this bad? They way I see it this is good in 5 ways. 1. I get out of a pos car. 2. My credit gets better (not the best, better after 2 years of on time payments on the Stratus, which is why I bought the pos) 3. A car in bad repair, bad mpg is off the road. There has to be many more people in my or similar situation. So please explain how this is a bad idea or bill ?!?! This plan is perfect, at least for me. I have a 2002 Dodge Stratus 130k miles, and it is on its last leg. According to Kelly, and NADA the car is worth $1200 max in good condition and I owe $4200 on it. So the government will give “me” $4500 for it?? Why would I not do it, how is this bad? They way I see it this is good in 5 ways. 1. I get out of a pos car. 2. My credit gets better (not the best, better after 2 years of on time payments on the Stratus, which is why I bought the pos) 3. A car in bad repair, bad mpg is off the road. There has to be many more people in my or similar situation. So please explain how this is a bad idea or bill ?!?!

]]> By: MasterPo http://toughmoneylove.com/2009/06/11/cash-for-clunkers/comment-page-1/#comment-4776 MasterPo Wed, 17 Jun 2009 03:51:52 +0000 http://toughmoneylove.com/?p=3926#comment-4776 Obama is going to FORCE all Americans eventually to buy hybrids or electrics. Ideally from Government Motors. He's going to raise the mileage standards sooooo high that no truck or van or SUV could meet them. And tax the hell out of those of us who hold on to our larger cars. I just wonder how the often sited family of 4 is going to take that summer vacation in an electric car. How far does the Volt get on a single charge - 80 miles?! Obama is going to FORCE all Americans eventually to buy hybrids or electrics. Ideally from Government Motors. He’s going to raise the mileage standards sooooo high that no truck or van or SUV could meet them. And tax the hell out of those of us who hold on to our larger cars.

I just wonder how the often sited family of 4 is going to take that summer vacation in an electric car. How far does the Volt get on a single charge – 80 miles?!

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2009/06/11/cash-for-clunkers/comment-page-1/#comment-4772 Mr. ToughMoneyLove Tue, 16 Jun 2009 18:16:51 +0000 http://toughmoneylove.com/?p=3926#comment-4772 For the reasons stated in my post, I do not believe that the number of vehicles surrendered will be worth the direct and indirect costs to the taxpayers. I would be interested in hearing the particulars of how the program operated in Germany. Do you have that information? For the reasons stated in my post, I do not believe that the number of vehicles surrendered will be worth the direct and indirect costs to the taxpayers. I would be interested in hearing the particulars of how the program operated in Germany. Do you have that information?

]]> By: Ahead of the curve? http://toughmoneylove.com/2009/06/11/cash-for-clunkers/comment-page-1/#comment-4771 Ahead of the curve? Tue, 16 Jun 2009 17:49:34 +0000 http://toughmoneylove.com/?p=3926#comment-4771 This plan actually worked quite well in Germany. Why do you think it will be such a miserable failure here, Mr. TML? This plan actually worked quite well in Germany. Why do you think it will be such a miserable failure here, Mr. TML?

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2009/06/11/cash-for-clunkers/comment-page-1/#comment-4766 Mr. ToughMoneyLove Tue, 16 Jun 2009 11:22:04 +0000 http://toughmoneylove.com/?p=3926#comment-4766 More than being a bone to the auto manufacturers, it is an attempt to feed work to the UAW More than being a bone to the auto manufacturers, it is an attempt to feed work to the UAW

]]> By: MasterPo http://toughmoneylove.com/2009/06/11/cash-for-clunkers/comment-page-1/#comment-4751 MasterPo Tue, 16 Jun 2009 04:48:52 +0000 http://toughmoneylove.com/?p=3926#comment-4751 I also heard this trade-in credit will ONLY be for a Government Motors car, *not* a Ford or foreign car. I also heard this trade-in credit will ONLY be for a Government Motors car, *not* a Ford or foreign car.

]]> By: cjbr549 http://toughmoneylove.com/2009/06/11/cash-for-clunkers/comment-page-1/#comment-4748 cjbr549 Mon, 15 Jun 2009 15:58:06 +0000 http://toughmoneylove.com/?p=3926#comment-4748 Let's make sure we understand something here, this bill is all about a bone to the auto manufacturers. Helping consumers and some nebulous environmental benefit are just there to help make the bill look good. I do agree that it is probably depressing sales now, which in political terms is good, because that means the bill needs to be passed quickly, with little time to review and figure out all the other unrelated crap is that's been added to it before the president signs it. Also, increasing the price of used cars by reducing supply is also good for the auto manufacturers (and bad for the consumer). And why not just issue a salvage title for those vehicles and send them to the wrecking yard to be used for parts instead of crushing them? Reuse is always more environmentally sensible than recycling, as no energy is used or waste stream created to take a part from a junkyard car to maintain another vehicle. And from an environmental standpoint, it is better to keep the already existing vehicle on the road than to build a new one, even with the fuel mileage benefit. A huge amount of energy is used to manufacture a new car, and enormous waste streams are created. So there goes the environmental benefit. All in all, this bill is a turd in my opinion. Let’s make sure we understand something here, this bill is all about a bone to the auto manufacturers. Helping consumers and some nebulous environmental benefit are just there to help make the bill look good. I do agree that it is probably depressing sales now, which in political terms is good, because that means the bill needs to be passed quickly, with little time to review and figure out all the other unrelated crap is that’s been added to it before the president signs it. Also, increasing the price of used cars by reducing supply is also good for the auto manufacturers (and bad for the consumer). And why not just issue a salvage title for those vehicles and send them to the wrecking yard to be used for parts instead of crushing them? Reuse is always more environmentally sensible than recycling, as no energy is used or waste stream created to take a part from a junkyard car to maintain another vehicle. And from an environmental standpoint, it is better to keep the already existing vehicle on the road than to build a new one, even with the fuel mileage benefit. A huge amount of energy is used to manufacture a new car, and enormous waste streams are created. So there goes the environmental benefit. All in all, this bill is a turd in my opinion.

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