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Kerberos
06-19-2009, 04:22 AM
http://autos.yahoo.com/articles/autos_content_landing_pages/1008/senate-passes-cash-for-clunkers-program/;_ylc=X3oDMTE5djJwcmo2BF9TAzI3MTYxNDkEc2VjA2ZwLXRvZGF5BHNsawNjYXNoLWNsdW5rZXJz

This is informative so I hope it doesn't end up lost in the black hole of DC


WASHINGTON (AP) -- Congress approved a "cash for clunkers" program Thursday to provide government incentives of $3,500 to $4,500 to motorists who trade in their gas guzzlers for more fuel efficient vehicles after Senate Democrats narrowly defeated a Republican effort to kill the plan.

Auto state senators said the program would help hard-pressed car dealers and automakers by bringing buyers into showrooms, and they got help from President Barack Obama and Vice President Joe Biden, who made calls to wavering Democrats urging them to keep the plan alive.

"This is an emergency for families and small businesses -- for an industry that has been the backbone of our economy for a generation," said Sen. Debbie Stabenow, D-Mich., who sponsored the proposal.

Opponents said it would increase the federal debt without doing much to get expensive-to-operate vehicles off the roads.

Senate supporters of the program overcame a procedural hurdle by the plan's leading opponent, Sen. Judd Gregg, R-N.H., on a 60-36 vote, winning the minimum number of votes needed to keep the program in a $106 billion war-spending plan that the Senate passed later Thursday.

The House approved the cash for clunkers bill last week on a vote of 298-119 and Senate Democrats attached it to the war-spending bill. The overall bill now goes to the White House for Obama's signature.

Four Republicans -- Kit Bond of Missouri, Thad Cochran of Mississippi, Susan Collins of Maine and George Voinovich of Ohio -- voted with two independents and 54 Democrats in favor of the clunker measure, while Democrat Ben Nelson of Nebraska was opposed along with 35 Republicans.

Sen. Maria Cantwell, D-Wash., changed her vote to support the vehicle incentive plan and spoke by phone with Obama during the vote.

Cantwell spokeswoman Ciaran Clayton said Obama "acknowledged Senator Cantwell's concerns that the cash- for-clunkers program ... did not do enough to meet our nation's urgent need to reduce foreign oil dependence" and vowed to work with Cantwell and others to "maximize the number of efficient cars on America's roads."

In addition to Cantwell, Obama and Biden reached out to Democrats Patrick Leahy of Vermont, Claire McCaskill of Missouri and Michael Bennet of Colorado, according to two people familiar with the outreach. They spoke on condition of anonymity because they were not authorized to speak publicly.

Obama has encouraged Congress to approve the consumer incentives for new car purchases as part of the government's efforts to restructure General Motors Corp. and Chrysler Group LLC. The bill provides $1 billion for the program from July through November.

Sen. Dianne Feinstein, D-Calif., who supported a plan with more stringent requirements to receive the vouchers, said she received "absolute assurance" from Senate leaders that if the program was continued beyond November it would be modeled after the bill she pushed.

Supporters said the program, which would be implemented by the Transportation Department, was expected to be implemented by early August.

The auto industry and its union lobbied heavily for passage of the cash for clunkers plan as GM and Chrysler have received billions of dollars in government-led bankruptcies and the entire auto industry has dealt with plummeting car sales. In May, overall sales were 34 percent lower than a year ago.

Under the proposal, car owners could get a voucher worth $3,500 if they traded in a vehicle getting 18 miles per gallon or less for one getting at least 22 mpg. The value of the voucher would grow to $4,500 if the mileage of the new car was 10 mpg higher than the old vehicle. The miles per gallon figures are listed on the car window's sticker.

Owners of sport utility vehicles, pickup trucks or minivans that get 18 mpg or less could receive a voucher for $3,500 if their new truck or SUV got at least 2 mpg higher than their old vehicle. The voucher would increase to $4,500 if the mileage of the new truck or SUV was at least 5 mpg higher than the older vehicle.

Dealers participating in the program would receive an electronic voucher from the government for the trade-in to apply to the purchase or lease of a qualifying vehicle. The bill directs dealers to ensure that the older vehicles are crushed or shredded to get the clunkers off the road.

The program was intended to help replace older vehicles -- built in model year 1984 or later -- and would not make financial sense for consumers owning an older car with a trade-in value greater than $3,500 or $4,500.

The U.S. industry is expected to generate about 9.5 million vehicles sales in 2009, compared with more than 13 million in 2008 and more than 16 million in 2007.

Associated Press writer Matthew Daly contributed to this report.

The bill is H.R. 2346.

Otter
06-19-2009, 05:39 AM
Hippies

Kerberos
06-19-2009, 06:28 AM
Meh...

My 94 Suburban gets about 10-12MPG at best.

I don't see the specifics on the trade in policy. Are they taking these gas guzzlers to junk'em or can I get the dealer to give me some $ for it on top of the gov't buy back?

If I could get $6K total for my Suburban that would help on a vehicle purchase.

Bacon Cheeseburger
06-19-2009, 06:36 AM
Meh...

My 94 Suburban gets about 10-12MPG at best.

I don't see the specifics on the trade in policy. Are they taking these gas guzzlers to junk'em or can I get the dealer to give me some $ for it on top of the gov't buy back?

If I could get $6K total for my Suburban that would help on a vehicle purchase.
The way I understand it your car has to be '84 or older and worth less that $3,500/4,500 and the gov't just makes up the difference at trade in time. For example, if you had an '81 Suburban worth $1,000 you'd get a credit for $2,500/3,500 depending on the mpg of your new vehicle.

The program was intended to help replace older vehicles -- built in model year 1984 or later -- and would not make financial sense for consumers owning an older car with a trade-in value greater than $3,500 or $4,500.

rad
06-19-2009, 06:38 AM
Meh...

My 94 Suburban gets about 10-12MPG at best.

I don't see the specifics on the trade in policy. Are they taking these gas guzzlers to junk'em or can I get the dealer to give me some $ for it on top of the gov't buy back?

If I could get $6K total for my Suburban that would help on a vehicle purchase.


You didn't read the article.......

Dealers participating in the program would receive an electronic voucher from the government for the trade-in to apply to the purchase or lease of a qualifying vehicle. The bill directs dealers to ensure that the older vehicles are crushed or shredded to get the clunkers off the road.

Kerberos
06-19-2009, 06:58 AM
The way I understand it your car has to be '84 or older and worth less that $3,500/4,500 and the gov't just makes up the difference at trade in time. For example, if you had an '81 Suburban worth $1,000 you'd get a credit for $2,500/3,500 depending on the mpg of your new vehicle.

84 and LATER means newer.

84 and Earlier would suggest older. IIRC?

This would keep someone from putting $100 into a piece of crap 1977 Pinto to run just far enought to get it to a lot to get $3500 to $4500 for it.

You didn't read the article.......

Dealers participating in the program would receive an electronic voucher from the government for the trade-in to apply to the purchase or lease of a qualifying vehicle. The bill directs dealers to ensure that the older vehicles are crushed or shredded to get the clunkers off the road.


Yea I just skimmed the article. I missed that.

Lzen
06-19-2009, 07:32 AM
Oh yeah!! More spent tax dollars. :rolleyes:

burt
06-19-2009, 07:45 AM
Another reason for people to delay purchasing a new vehicle......BRILLIANT!

BigCatDaddy
06-19-2009, 07:56 AM
I wonder if I can trade a $4500 valued vehicle in, according to the guidelines, for a cheaper car and cut a deal with the dealer to have him give me the cash back from the voucher?

Infidel Goat
06-19-2009, 07:59 AM
I wonder if I can trade a $4500 valued vehicle in, according to the guidelines, for a cheaper car and cut a deal with the dealer to have him give me the cash back from the voucher?

I believe it must be a new vehicle you purchase...

LaChapelle
06-19-2009, 08:00 AM
Oh the scams that have got to be running through peoples minds. The honesty rep with car dealers isn't helped.

Lzen
06-19-2009, 08:01 AM
Oh the scams that have got to be running through peoples minds.

Including car salesmen.

El Jefe
06-19-2009, 08:04 AM
**** YOU HIPPIES!!!! :cuss:

I'm off to run over some wild life in my 4x4 then back over them in four-low using as much gas as possible to make sure their dead.

I drive my 79 Cutlass Big Block as much as possible, just to offset that hybrid that I pass on the freeway everyday.

LaChapelle
06-19-2009, 08:05 AM
Including car salesmen.

Sell you a clunker next door to the new car dealership. To trade in.

Brock
06-19-2009, 08:11 AM
Another reason for people to delay purchasing a new vehicle......BRILLIANT!

Delay? It's about to be signed into law.

LaChapelle
06-19-2009, 08:14 AM
The rarer a vehicle is the more it can be worth, and the parts for them.

BigRedChief
06-19-2009, 08:17 AM
84 and LATER means newer.

84 and Earlier would suggest older. IIRC?

This would keep someone from putting $100 into a piece of crap 1977 Pinto to run just far enought to get it to a lot to get $3500 to $4500 for it.



Yea I just skimmed the article. I missed that.
Sell you a clunker next door to the new car dealership. To trade in.
You have to have owned the car for over a year to qualify.

LaChapelle
06-19-2009, 08:32 AM
You have to have owned the car for over a year to qualify.

They can pull a 4 banger out and put a v-8 in. Probably don't even have to bolt it up. You know shit like this is going to happen.

burt
06-19-2009, 08:50 AM
Delay? It's about to be signed into law.

And people are waiting for it to be law.........

Brock
06-19-2009, 08:52 AM
And people are waiting for it to be law.........

Pfft. It figures, you guys are getting bailed out and you bitch about how long it takes.

burt
06-19-2009, 09:31 AM
Pfft. It figures, you guys are getting bailed out and you bitch about how long it takes.

Hell yes....my mortgage won't wait until people start purchasing cars again! Besides, I have a divorce to pay for!!!!!

Oh, and by the way, I didn't ask for any handouts!!!!

Amnorix
06-19-2009, 10:04 AM
One of those "seems like a good idea but it's going to be so abused we won't get half the expected bang from the buck" kind of things.

And on top of our horrendous deficit/debt, it's just stupid policy to implement.

Brock
06-19-2009, 10:06 AM
Hell yes....my mortgage won't wait until people start purchasing cars again! Besides, I have a divorce to pay for!!!!!

Oh, and by the way, I didn't ask for any handouts!!!!

If people felt like they could get a fair shake on a trade-in to begin with, maybe this wouldn't be necessary.

Skip Towne
06-19-2009, 10:07 AM
One of those "seems like a good idea but it's going to be so abused we won't get half the expected bang from the buck" kind of things.

And on top of our horrendous deficit/debt, it's just stupid policy to implement.

The dealers will just sell the gas guzzlers to someone else.

rockymtnchief
06-19-2009, 10:10 AM
The dealers will just sell the gas guzzlers to someone else.

"Dealers participating in the program would receive an electronic voucher from the government for the trade-in to apply to the purchase or lease of a qualifying vehicle. The bill directs dealers to ensure that the older vehicles are crushed or shredded to get the clunkers off the road."

Amnorix
06-19-2009, 10:11 AM
The dealers will just sell the gas guzzlers to someone else.

IN THEORY they can't. The law stipulates that the guzzlers must be crushed.

And I'm sure that there are no shady operators between the car dealerships and the car crushing companies that could possibly manipulate the system.

:rolleyes:

It's just not a clever policy. Too open to abuse.

dirk digler
06-19-2009, 10:13 AM
The way I understand it your car has to be '84 or older and worth less that $3,500/4,500 and the gov't just makes up the difference at trade in time. For example, if you had an '81 Suburban worth $1,000 you'd get a credit for $2,500/3,500 depending on the mpg of your new vehicle.

Actually it is 85 or newer.

Radar Chief posted good info in DC about this

Appears that this may not be the sweetheart deal I thought it was going to be. For instance, anything pre í85 is ineligible. Not out of any respect for auto-restorers, but because the fuel mileage of vehicles isnít tracked any further back than that.
More at the link.

http://jalopnik.com/5285032/cash-for...ses-we-analyze
∑ Cash For Clunkers Bill: House Passes, We Analyze

By Matt Hardigree, 6:25 PM on Tue Jun 9 2009, 15,855 views (Edit post, Set to draft, Slurp)
∑ The Community Assistance to Recycle and Save Act (CARS Act), more commonly known as the Cash for Clunkers bill, passed the U.S. House of Representatives moments ago by a vote of 298-to-119. So how's it work?
The concept behind "cash for clunkers" as practiced by both the House and Senate versions of the bill, as well as successfully in other countries, is to create demand for new cars and raise fuel efficiency standards by encouraging consumers to trade in their gas guzzling "clunkers" for more efficient vehicles and, as an incentive, to give them cash.
The compromise House version of the CARS Act (HR 2751) proposes $3,500 or $4,500 vouchers for consumers interested in trading up to a more efficient vehicle. Once the program is enacted you'll have approximately one year to make the move. The hope is the Act will increase new vehicle sales by one million units in the first year at a time when the market is expected to experience sales of less than 10 million. The bill still has to go to the Senate, where it's expected some tweaks will be made before a final bill goes to the President.
How do you qualify for the voucher?

For Passenger Cars
If you have a passenger automobile not classified as a truck you qualify for a $3,500 credit if you trade in a less efficient vehicle for one with a combined fuel economy value at least 4 MPG higher that costs less than $45,000. The passenger car being trading in has to get 18 MPG or less, meaning you can't trade in a first generation Prius for a newer one. Additionally, the new vehicle has to get 22 MPG or better. In order to qualify for $4,500 you need to buy a vehicle that gets 10 MPG better combined than your trade-in.

For Light Duty Truck And SUVs
If you decide you want to trade in your category 1 light truck or SUV you need to find a new vehicle capable of getting a combined MPG of better than 18 MPG. If the new vehicle gets 2 MPG better you're eligible for $3,500. If you want the full $4,500 you need to find a new truck capable of getting a combined mileage 5 MPG higher.

For Heavy Duty Trucks And Vans
If you have a large Class 1 truck you're eligible for a $3,500 voucher if you trade up for one capable of getting at least 15 MPG combined and gets 1 MPG combined. For $4,500 the new vehicle will also have to provide performance 2 MPG or better than the trade in.

For Work Trucks
The best you can get for trading up to a Class 2 truck like a Ford F-250, is $3,500. In order to get this voucher you need to be trading in a vehicle with a model year older than 2001 for a new truck of smaller or similar size. Because of recent federal regulation changes, it's assumed the new truck is going to have a higher fuel economy.

Trading Up
After receiving questions about this from commenters, we contacted the sponsoring Congresswoman's staff and they assured us you can trade up from a truck or SUV to a passenger car (or smaller truck) assuming the new vehicles meets the minimum requirements (18 MPG or better, under $45,000) and is more efficient than the trade-in.

No Cheating
Those wishing to buy an older junked car for $200 and trade it in for $4,500 towards a new car are going to be dissapointed. :cuss: The bill requires you to own and operate the car for more than a year before trading it in and it has to be in drivable condition, meaning the clunker can't be overly clunky.

No Old Cars
Many car enthusiasts fearful someone will trade in a rare classic will applaud the section limiting the cars to those produced in model year 1985 or after. Of course, this wasn't done for the sake of car fans. They can't easily determine the combined fuel economy of vehicles before the date because the EPA didn't track this data.

To The Crusher!
The law is very explicit on this point: the car has to be crushed. No salvaging it. No retitling it. No shipping it off to another country. The car has to be crushed and the title has to be transferred. Anyone trying to pass the voucher off and then resell the car could be penalized $15,000 per violation. However, you can strip and sell any part of the car that isn't the engine block.

LaChapelle
06-19-2009, 11:20 AM
There are people who don't have access to public transportation who rely on clunkers to get to their minimum wage job. This is going to be rushed through, then protested like mad.

Brock
06-19-2009, 11:25 AM
There are people who don't have access to public transportation who rely on clunkers to get to their minimum wage job. This is going to be rushed through, then protested like mad.

They can keep their clunkers.

Donger
06-19-2009, 11:27 AM
Pssst! We've got $11 trillion in debt. Let's try not to spend what we don't have where we don't have to, k?

Brock
06-19-2009, 11:34 AM
Pssst! We've got $11 trillion in debt. Let's try not to spend what we don't have where we don't have to, k?

Psst. It's a done deal.

penguinz
06-19-2009, 11:51 AM
Psst. It's a done deal.Shanahan to KC?

crazycoffey
06-19-2009, 11:53 AM
can you trade two older cars for one new car and get two vouchers?

shitgoose
06-19-2009, 12:56 PM
can you trade two older cars for one new car and get two vouchers?

No. Only one voucher per new vehicle sale.

bsp4444
06-19-2009, 01:09 PM
I have a farm truck I'm trying like heck to figure out how to use to take advantage of this program. Can you trade down into a car?

LaChapelle
06-19-2009, 01:09 PM
They can keep their clunkers.

..and when those clunkers quit and there are less cheap used cars on the market?

Brock
06-19-2009, 01:16 PM
..and when those clunkers quit and there are less cheap used cars on the market?

You're acting as if this incentive is going to remove a significant portion of the POS cars out there. It isn't.

Brock
06-19-2009, 01:16 PM
I have a farm truck I'm trying like heck to figure out how to use to take advantage of this program. Can you trade down into a car?

Yes.

LaChapelle
06-19-2009, 01:23 PM
You're acting as if this incentive is going to remove a significant portion of the POS cars out there. It isn't.

Then what's the point?

Brock
06-19-2009, 01:24 PM
Then what's the point?

To get people to buy new cars.

LaChapelle
06-19-2009, 01:26 PM
To get people to buy new cars.

The need for used cars will only increase, as will the population. Used cars will increase in price as there will be fewer, and people with lower incomes.

Brock
06-19-2009, 01:28 PM
The need for used cars will only increase, as will the population. Used cars will increase in price as there will be fewer.

I doubt it will have any effect at all on the supply or price of used cars.

Fat Elvis
06-19-2009, 02:27 PM
I have an old Jeep that qualifies for the program if anyone is looking to buy a new car. I will sell it to you for $2,000.

TEX
06-19-2009, 09:17 PM
I have a farm truck I'm trying like heck to figure out how to use to take advantage of this program. Can you trade down into a car?


How about this - JUST BUY IT WITHOUT ANY HELP FROM THE GOVERNMENT.

Hydrae
06-19-2009, 09:20 PM
How about this - JUST BUY IT WITHOUT ANY HELP FROM THE GOVERNMENT.

What, you don't want to pitch in on his new truck? It's for the environment! ;)

Brock
06-19-2009, 10:51 PM
How about this - JUST BUY IT WITHOUT ANY HELP FROM THE GOVERNMENT.

Meh, get over it.

Coach
06-19-2009, 10:58 PM
Well.... time to go to the junkyard and find some cars....

BigRedChief
06-22-2009, 08:51 AM
from
http://www.cashforclunkersfacts.com/

We have received hundreds of email with questions about the Cash for Clunkers Bill, and we have compiled a list of frequently asked questions to help calm anxious consumers.
If you have additional questions, after reading this page carefully, send us an email. Send Us an Email (http://www.cashforclunkersfacts.com/advertise)
Please follow us on our new Twitter (http://twitter.com/cashclunkers) account for latest updates on the bill.

Q: Is the billed signed into law yet?
A: On Thursday, June 18th the Senate voted to KEEP the Cash for Clunkers provision in the $106 billion dollar wartime spending bill. This means that both the house and Senate have approved the spending bill and now it will go to President Obama to sign. Consumers can start purchasing cars that qualify on July 1, 2009.

Q: Are there updated conditions on the bill?
A: The purchased vehicles, which must be new and cost no more than $45,000, must be bought between July 1 and Nov. 1 to qualify. You cannot trade in a clunker for a motorcycle.

Q: Does the Cash for Clunkers bill apply to used car purchases?
A: Currently, the language of the proposed bill is only for new car purchases. If you are looking for a used car, click here (http://www.cashforclunkersfacts.com/used-cars).

Q: Is the value of the voucher tax-free to the consumer?
A: Yes.

Q: Is there an income limit that disqualifies certain vehicle owners?
A: No.

Q: If I already purchased a new car, in the last few months, can the voucher apply to my past purchase?
A: We can not answer that question until the final bill is signed into law but…the answer looks like a NO. This is because all cars traded in for the program will be sent to the scrapyard. If you already traded in your car, there is no guarantee that it is off the road. Update: Cars prior to July 1st will not qualify.

Q: If I want to buy a new car now and have a clunker that qualifies, can I get the voucher credit once the bill goes into effect by bringing in the old car to the dealership where I purchased my new car?
A: Again, we can’t answer that question until we see how the bill is implemented. If you can hold off until further information is available, it may be the best choice. If you need a car now, that is a chance you have to take. Update: Cars prior to July 1st will not qualify.

Q: If my car is worth more than $4,500, how would the Cash for Clunker voucher work?
A: The program would not provide any benefit if a car dealer would give you more than $4,500 for your trade-in. If you want to purchase a new car, do not wait on this bill if your trade is worth more than $4,500 since it will not provide any upside relief.

Q: If dealers are offering cash incentives toward a new car purchase, would that be in addition to this voucher?
A: The program is independant from manufacturer buying incentives. For example, if a car dealer is offering $3,000 off the list price of a car and you qualified for a $4,500 voucher from your trade, then the total reduction off the MSRP would be $7,500. You should always shop for the best deals before buying a car.

Q: I have two old clunkers, can I trade-in both cars for a $9,000 voucher toward a new car purchase?
A: The current wording of the bill would seem to indicate that only ONE voucher can be applied to a new car purchase.

Q: How do I know if I qualify for a $3,500 voucher or a $4,500 voucher?

A: We need to wait on the final wording of the bill. Since there are various versions of the measure in play, we will notify everyone on our email list when the final bill language is signed into law? The amount will depend on the car you purchase and the increase in average MPG.

Q: How do I find a local Cash for Clunkers Participating Dealer?
A: If you will be purchasing a new car if the bill is signed into law, complete the form on the left. We will have a local dealer in your state contact you and get all your trade-in information now. This will allow you to be prepared when the bill is signed into law.

Be at the head of the line for the car you want because popular fuel efficient cars will be moving off dealer lots quickly. Since there will be a large “rush” when the bill is signed, getting all your paperwork and loan approvals in place in advance could get you to the head of the paperwork line.

Q: Can I go to the junkyard a buy an old car and use it for a trade?
A: The final language of the bill is still to be decided but it seems that you will have to show that the car is operational and that you have owned the car for a period of time. Right now, that may be a one-year period.

Q: What will happen to the car I trade in?
A: Once again, we have to wait for the final language but it would seem that the car would be recycled so cars that are worth more than $4,500 on a trade would not be viable for this program.

Q: My car is old and originally got more than 18 mpg, but now it gets 14 mpg. Will it qualify?
A: That is another popular question. We will have to wait and see if the bill provides a reasonable assessment of current MPG versus original manufacturer EPA MPG.

Q: How long will the program last?
A: That is still unknown. Some insiders were hoping to get funding that would keep the program running for one year. However, if funding is reduced, the program may only last a few months. That is why we encourage all consumers to connect with a Cash for Clunkers Participating Dealer now, so your paperwork can be lined up when the bill is signed into law.

Q: Are there restriction on the year of my trade-in?
A: The car can not be any older than a 1984 model year vehicle?

Q: Why would some trades qualify for $3,500 and other trades get $4,500?
A: The difference in vouchers depends on the improved gas mileage as compared to your trade. For example, if your new car purchase gets 4 mpg more than your trade you get $3,500. If the new car gets 10 mpg better than your trade you get $4,500.

Q: What if my trade-in is worth more than $4,500?
A: This program does not apply to you because you will be better off trading the car in through traditional channels. All cars that are part of the Cash for Clunkers bill we be sent to the scrapyard.

Q: I have an old clunker truck that gets under 18 mpg. Can I trade that in for a car that gets over 22 MPG?
A: It would seem that you will be able to trade it in. We will wait on the final wording on the bill since this is a very popular question.

Q: My parents own an old clunker. Can I transfer the title into my name and use it for a Cash for Clunkers trade-in?
A: It would seem that unless you have the car register in your name for at least a year, the answer would be no.

Q: Can I buy any new car and still qualify? Does it have to be an American manufacturer?
A: You can buy any new car: foreign or domestic.

Q: Can I lease a car or do I have to purchase/finance it?
A: Qualifying leases must be at least 5 years long. You can finance the car under any term you qualify for.
Bonus Assistance

Q: How can I find out the current EPA MPG estimates for the car I drive?
A: Visit: http://www.fueleconomy.gov/ (http://www.fueleconomy.gov/)

BigMeatballDave
06-22-2009, 01:39 PM
Well.... time to go to the junkyard and find some cars....I hope you are planning to license them and own them for a year.

BigMeatballDave
06-22-2009, 01:43 PM
How about this - JUST BUY IT WITHOUT ANY HELP FROM THE GOVERNMENT.I see your point, but that money will be used anyway. People may as well take advantage of it.

wild1
06-22-2009, 02:12 PM
I hope you are planning to license them and own them for a year.

I can find clunkers all day long for less than $1000 that "run". I can park them in a friend's barn or something.

Turning $1,000 into $4,500 in a year? This is a hell of an ROI. I'm going to start my own business

wild1
06-22-2009, 02:13 PM
By the way, does it have to be a car? Can I turn one of my junkyard cars into $4,500 towards a motorcycle?

BigRedChief
06-22-2009, 02:14 PM
I can find clunkers all day long for less than $1000 that "run". I can park them in a friend's barn or something.

Turning $1,000 into $4,500 in a year? This is a hell of an ROI. I'm going to start my own business
uhhh offer expires November 1st.

BigRedChief
06-22-2009, 02:15 PM
By the way, does it have to be a car? Can I turn one of my junkyard cars into $4,500 towards a motorcycle?
Check the 2nd FAQ:
Q: Are there updated conditions on the bill?
A: The purchased vehicles, which must be new and cost no more than $45,000, must be bought between July 1 and Nov. 1 to qualify. You cannot trade in a clunker for a motorcycle.

wild1
06-22-2009, 02:15 PM
Why the hell can't you trade one for a motorcycle? They only want you getting 25mpg instead of 50mpg?

Third Eye
06-22-2009, 02:20 PM
Pssst! We've got $11 trillion in debt. Let's try not to spend what we don't have where we don't have to, k?

Yes, we can spend 106 billion to finance the war till SEPTEMBER, but we can't spend less than 1 percent of that to pay for this program.

Skip Towne
06-22-2009, 02:28 PM
I quit worrying about the national debt years ago. It's somebody elses problem.

Third Eye
06-22-2009, 02:31 PM
I quit worrying about the national debt years ago. It's somebody elses problem.

Except you do realize that about 80 percent of that debt is owned by Americans.

Saulbadguy
06-22-2009, 02:36 PM
Why the hell can't you trade one for a motorcycle? They only want you getting 25mpg instead of 50mpg?

Why do you think?

wild1
06-22-2009, 02:39 PM
Why do you think?

Because the UAW won't benefit considerably from the purchase of one.

Skip Towne
06-22-2009, 04:17 PM
Except you do realize that about 80 percent of that debt is owned by Americans.

Those people might have a problem.

BigMeatballDave
06-22-2009, 04:57 PM
I can find clunkers all day long for less than $1000 that "run". I can park them in a friend's barn or something.

Turning $1,000 into $4,500 in a year? This is a hell of an ROI. I'm going to start my own businessIf I were planning on buying a new car in the future I'd do this.

BigMeatballDave
06-22-2009, 04:58 PM
uhhh offer expires November 1st.Oh. Well, so much for that idea. I think they have all the bases covered...

BigRedChief
06-24-2009, 06:49 AM
Official Car Allowance Rebate System site.

http://cars.gov/

http://cars.gov/faq.html

What is the Car Allowance Rebate System?


The Car Allowance Rebate System is a new program from the government that will help you pay for a new, more fuel efficient car or truck from a participating dealer when you trade in a less fuel efficient car or truck.
back to top (http://cars.gov/faq.html#top)


What is NHTSA doing to implement the program?


As required under the law, NHTSA will publish rules for the program in 30 days. We are currently working closely with manufacturers, dealers, and disposal facilities to get a workable, effective program up and running.
back to top (http://cars.gov/faq.html#top)

Do I need to get a voucher or sign up for this program?


No. You do not need a voucher and you are not required to sign up or enroll in this program. Participating new car dealers will apply a credit, reducing the price you pay at the time of your purchase or lease, provided the vehicle you buy or lease and the vehicle you trade in meet the program requirements. The dealer will then obtain reimbursement from the government.
back to top (http://cars.gov/faq.html#top)


How do I know if a dealer is participating in the program?


The law requires dealers to be registered to participate in the program. We are moving as quickly as possible to register interested dealers. As dealers are registered, we will list them on this website. We will continue to update this list during the life of the program. Meanwhile, you may wish to contact dealers in your area to ask whether they plan to participate in the program.
back to top (http://cars.gov/faq.html#top)


How do I know if my car or truck is an eligible trade-in vehicle?


There are several requirements (but you also have to meet certain conditions for the car or truck you wish to buy). Your dealer can help you determine whether you have an eligible trade in vehicle.


Your trade-in vehicle must

have been manufactured less than 25 years before the date you trade it in
have a “new” combined city/highway fuel economy of 18 miles per gallon or less
be in drivable condition
be continuously insured and registered to the same owner for the full year preceding the trade-in
Note that work trucks (i.e., very large pickup trucks and cargo vans) have different requirements.
back to top (http://cars.gov/faq.html#top)


How do I find out when my vehicle was manufactured?


The month and year of manufacture (e.g., 1-96 (January 1996)) appear on the safety standard certification label that is located on the frame or edge of the driver’s door in most vehicles.
back to top (http://cars.gov/faq.html#top)


How do I find out the combined city/highway fuel economy rating of my trade-in vehicle?


Go to http://www.fueleconomy.gov/feg/sbs.htm (http://www.fueleconomy.gov/feg/sbs.htm) and click on the model year of your vehicle, the make, and then the model. Under the words "ESTIMATED NEW EPA MPG" in the red banner, there is a red number with the word "COMBINED" under it. That is the new combined city/highway fuel economy for your vehicle. You may then enter the make, model, and model year of a new vehicle you may want to buy and see its combined MPG for comparison.
back to top (http://cars.gov/faq.html#top)

Does the program apply if I want to lease a vehicle, or must I purchase a vehicle?


Under the program, you may purchase a new vehicle or lease a new vehicle, provided the lease period for the new vehicle is at least five years.
back to top (http://cars.gov/faq.html#top)


Is there a cap on the price of the vehicle I can buy or lease under the program?


Yes. The manufacturer's suggested retail price cannot exceed $45,000.
back to top (http://cars.gov/faq.html#top)

Does the program apply if I want to buy a used car?


No. The program does not apply to the purchase of used vehicles.
back to top (http://cars.gov/faq.html#top)

What is the amount of the credit?


The amount of the credit is $3,500 or $4,500, and generally depends on the type of vehicle you purchase and the difference in fuel economy between the purchased vehicle and the trade-in vehicle. Different requirements apply for work trucks.
back to top (http://cars.gov/faq.html#top)

In addition to the credit, will I get the full value of my trade-in vehicle?


No. The law requires your trade-in vehicle to be destroyed. Therefore, the value you negotiate with the dealer for your trade-in vehicle is not likely to exceed its scrap value. The law requires the dealer to disclose to you an estimate of the scrap value of your trade-in vehicle.
back to top (http://cars.gov/faq.html#top)

I don’t drive an American car but I would like to trade in my old car for a newer, more fuel efficient one. Is this program only for American cars?


No. You may trade in or buy a domestic or a foreign vehicle.
back to top (http://cars.gov/faq.html#top)


I have a truck and I cannot find its fuel economy rating. Is it an eligible trade-in vehicle?


Maybe. Some trucks, such as work trucks, were never rated for fuel economy. For these trucks, age is the only criterion for determining whether they are eligible trade-in vehicles. If you have one of these trucks, it must be from model year 2001 or earlier, but also the date of manufacture must be less than 25 years from the date you trade it in, to be an eligible trade-in vehicle. Other restrictions may also apply.
back to top (http://cars.gov/faq.html#top)

I just traded in my old car for a new vehicle last month. Will I get some money back?





No. The program does not apply retroactively.

KChiefs1
07-25-2009, 10:19 PM
Dealers I talked to today told me they expect the money to run out next week on the program.

Bacon Cheeseburger
07-25-2009, 10:23 PM
Dealers I talked to today told me they expect the money to run out next week on the program.
Meh, that's what they keep saying on their commercials here too. I imagine they just want you to hurry up and buy something.

KChiefs1
07-27-2009, 09:21 PM
Meh, that's what they keep saying on their commercials here too. I imagine they just want you to hurry up and buy something.

I went to 3 different dealerships(Toyota, Honda, Hyundai) & they all had the same basic sales pitch...8 cars per dealership & they already had at least 10 on hold & the money would run out by this Friday. I was amazed how they all said the same thing.

Param
07-27-2009, 09:26 PM
I went to 3 different dealerships(Toyota, Honda, Hyundai) & they all had the same basic sales pitch...8 cars per dealership & they already had at least 10 on hold & the money would run out by this Friday. I was amazed how they all said the same thing.

Trying to create excitement when people aren't buying brand new cars.:clap:

I've actually wanted to see what is the lowest price you can buy a brand new automobile for today.

And I do wonder what that price will be 1 month from now when this program is still going on.

Param
07-28-2009, 06:07 AM
Dodge Caliber in Dallas for $6,490.

http://shopping.dallasnews.com/ROP/ads.aspx?advid=84233&adid=8110386&type=

:)