Has anyone here traded in a klunker car,what were the exact terms on your car deal?

[BrentCrude]

Did anyone here get in on this ill fated program?If so,go into step by step detail of how it worked for you going over all the fine points of the whole deal and who will benefit from it.Like all government programs that are pulled out of thin air,it's steal now,make someone else pay later for it.If Bush would have done this deal where it lasted a few days where it abruptly was suspended before you could even get your car to the dealer to be sold without the rug being cut from under you,all the Letterman's,Leno's and Saturday Night Live's would have had a field day with it.

[RageWizard]

My brother in law did it on Monday. It just so happens that he had a 1991 chevy truck Silverado (I think), that was just about dead. In fact we had to fill it up twice with tranny fluid on the way down to the dealer. Well the car he choose had to be 10 miles a gallon better than what they rated the truck as, and the car didn't make it. Since this is a government program however, they just listed the 6 cylinder truck as an 8 cylinder, and whammo instant qualification. he got the full $4500 for a truck he was about to take to the junk yard for $100.

[blittydeuce]

wow. I was wondering what the terms were. that's incredible RW

[RageWizard]

Well it needs to be currently registered, and insured. You also need to have owned it for more than a year. so all that and the car you select needs to beat the gas mileage by 10 mpg.

[mathdotcom]

Wait.... are you saying people are taking advantage of a flawed government policy?

[reno cool]

ok, so those that drive normal cars get nothing?
And can you use it for purchase of cheap cars. Like say a 12k car for 7500?

[losturmarbles]

you have to buy a new car

and the old car is demolished. the dealer is not allowed to resale the trade in, or even scrap it for parts.

i'm 99% sure this is true, i havent confirmed it yet.

[Intuitive_Edge]

Yahoo has an article stating its already going downhill

[pimike]

They ran out of money the deal is over today.

[reno cool]

you have to buy a new car

and the old car is demolished. the dealer is not allowed to resale the trade in, or even scrap it for parts.

i'm 99% sure this is true, i havent confirmed it yet.

alright, but I'm wondering if there's a minimum on the msrp to qualify. That is if you have to buy a 25k car 4k isn't that much of a discount. And is this just ultimately free money for dealers and manufacturers? For example, dealers offer promotions and discounts all the time that are worth about 4k on a 25k car or so. Will they now just pocket that money and the consumer pay roughly the same price?

[BestPlay2day]

I thought there was no minimum amount you had to spend on a new car as long as it got 10 mpg more than your old car. I bet the government will continue this later and add a couple more billion to this program.

[Bluehorseshoe]

They ran out of money the deal is over today.

They kept it alive by pumping money in last minute...



The House of Representatives voted another $2 billion Friday for the wildly popular "cash for clunkers" program that provides incentives for consumers to trade in aged, gas-guzzling vehicles for new and more fuel-efficient ones.

The Senate still must approve the money and is expected to consider it early next week, but, in the meantime, Obama administration officials said the program, designed to boost depressed auto sales, will continue uninterrupted, apparently at least through the weekend. White House spokesman Robert Gibbs said the administration was confident "we'll have a solution."

It's unclear what happens if the Senate fails to approve more money for the program, approves a different amount or adds new stipulations.

"If the Senate delays, it will be up to the White House to find the money to keep this program going next week," said Rep. Steve Israel (D-Huntington), a sponsor of the measure that passed Friday, transferring $2 billion in federal stimulus money to keep the clunkers program alive.

He added that it is hoped that the $2 billion will keep the program running until the end of September.

[nosniboR11]

do not do this, it gives the govt. control of your computer, do not go to cars.gov You will regret giving the govt. everything

[pimike]

do not do this, it gives the govt. control of your computer, do not go to cars.gov You will regret giving the govt. everything

I thought it about doing it but not know.

[nosniboR11]

seriously mike this is something really serious, Look at Germany's, this cars.gov thing lets them basically go thru everything in your computer and monitor it, also if you have a phone thru your computer like Skype, it allows them to listen to your phone call and there is nothing you can do.

[wacked]

Big Brother only got bigger with Democrats in Congress and The President.
Hope everyone likes socialism.

[losturmarbles]

alright, but I'm wondering if there's a minimum on the msrp to qualify. That is if you have to buy a 25k car 4k isn't that much of a discount. And is this just ultimately free money for dealers and manufacturers? For example, dealers offer promotions and discounts all the time that are worth about 4k on a 25k car or so. Will they now just pocket that money and the consumer pay roughly the same price?

exactly. i dont think there is a minimum, it just has to be 10 mpg better on gas.

without the credit, who in their right mind is going to pay msrp?

the way to work this go negotiate your deal first, then once you have a quote. then present the clunker for credit.
you will have to know your shit though. know what your clunker's mpg is (according to the govt) and any other misc bullshit.

then you will effectivly get around 8k off a 25k msrp instead of just the 4.5k.

but most people arent going to do this, and the rebate is really just going straight to the dealers.

[losturmarbles]

seriously mike this is something really serious, Look at Germany's, this cars.gov thing lets them basically go thru everything in your computer and monitor it, also if you have a phone thru your computer like Skype, it allows them to listen to your phone call and there is nothing you can do.

[pavyracer]

Running out of money means the program is successful because people are buying cars. I swear to god being a conservative in this country requires an IQ of less than 50 otherwise you are disqualified.

[losturmarbles]

so when the US runs out of money and files bankruptcy, we will finally be a SUCCESS!!!

[pavyracer]

That's irrelevant. People are celebrating because the program run out of money and call it a failure. Calling a spade a spade when I see it.

[losturmarbles]

the program succeeded at being a government program. government programs are always failures. so it succeeded at becoming a failure. that about sums it up.

[pavyracer]

If you are dumb enough not to take advantage of it then so be it. I myself have $4500 free cash which I deposited in my account already for new football season. In the meantime, I will let you and your buddies celebrate another government failure while you drive your beat up cars and being brainwashed by Rush Limbaugh on the radio.

[losturmarbles]

what happen to calling a spade a spade?

what is the purpose of this government program?

[DwightShrute]

next: Trade in your old underwear for new ones

Pavy, I don't blame you or other people for taking advantage of it but that doesn't make it a good idea either. I hope you turn the $4500 into $45,000 but remember you are being hypocritical by complaining about the $$ being spent in Iraq when you feel it's simply fine to take advantage of this and using tax payers $$ for your gambling addiction. Let me guess, government waste is OK, only if it subsidizes your gambling addiction?

It's not a matter if 'you are dumb enough not to take advantage of it' but rather it's the principal. Too bad no one took advantage of it and sent a firm message to the government to stay out of business. Let the free market decide what companies survive and which fail rather than bailing out their union buddies because they contributed millions to get them elected.

One way or another, government waste like this with eventually trickle down to all you guys in the way of a user fee, tax, inflation or devaluation on the US Dollar.

[pavyracer]

I think the non-bidding contracts to Halliburton to reconstruct Iraq after the ex vice president, who was on the chairman board of the company, lied to the american public about weapons of mass destruction was a government waste of money. A trillion dollar war to oust a non-threat to the US is also a waste of money. 1 measley billion to help people get rid off their old rusty gas guzzlers while helping the auto industry recover from a 50% drop in sales from year before is a drop in the bucket compared in what was used for other programs. F-22 raptor? Star Wars? Where do I start with government stupid ideas.

[DwightShrute]

I think the non-bidding contracts to Halliburton to reconstruct Iraq after the ex vice president, who was on the chairman board of the company, lied to the american public about weapons of mass destruction was a government waste of money. A trillion dollar war to oust a non-threat to the US is also a waste of money. 1 measley billion to help people get rid off their old rusty gas guzzlers while helping the auto industry recover from a 50% drop in sales from year before is a drop in the bucket compared in what was used for other programs. F-22 raptor? Star Wars? Where do I start with government stupid ideas.

A Billion here, 12 Trillion there. Your last sentence was spot on. The answer is this klunker for cash one but get ready next week, I am sure there will be many more government stupid ideas.

BTW, you guys gotta get over this "lied to the american public about weapons of mass destruction". It simply isn't true and even the harshest critics of the war have admitted it.

[pavyracer]

You may be right. The only weapon of mass destruction found in Iraq was the tons of garbanzo beans used to make hummus in Baghdad restaurants.

[DwightShrute]

I guess I am one of the dying bread of people with principals.

I remember years ago in Canada, Sheila Copps was a minister in the government in power at the time. She felt that Canadians weren't patriotic enough and decided to send everyone their own Canadian Flag if they just called and requested one. I remember people would be requesting them and sometimes 2 or 3 per household.

That must be over a decade ago. I couldn't help thinking even back then, what a fvcking waste of tax payers money. People need food, shelter etc and this cow is spending $$$ sending people friggen flags.

If you wanna be patriotic, buy your own flag.

Flags, Cars or whatever. It's the principal.

[DwightShrute]

You may be right. The only weapon of mass destruction found in Iraq was the tons of garbanzo beans used to make hummus in Baghdad restaurants.

[andywend]

If you are dumb enough not to take advantage of it then so be it. I myself have $4500 free cash which I deposited in my account already for new football season. In the meantime, I will let you and your buddies celebrate another government failure while you drive your beat up cars and being brainwashed by Rush Limbaugh on the radio.

You of all people should not be throwing the word "brainwashed" around since you are the most BRAINWASHED poster in this forum.

Not only are you dependent on the government to financially support yourself but it appears you can't even think for yourself either.

I just assume you wheel your $4,500 into 2 bits.

[linglingfool]

If you are dumb enough not to take advantage of it then so be it. I myself have $4500 free cash which I deposited in my account already for new football season. In the meantime, I will let you and your buddies celebrate another government failure while you drive your beat up cars and being brainwashed by Rush Limbaugh on the radio.

The irony with this statement is that Rush Limbaugh happens to like the program, and I agree with him. I pay thousands of dollars in income tax every year, so I don't feel at all bad about taking a huge chunk of it back to buy something that will help drive economic growth.

[andywend]

The problem with all of these Obama programs is they are designed to reward negative decision making at the direct expense of everyone else.

First came Obama's housing assistance program which provided MASSIVE FINANCIAL RELIEF to all those who bit off more than they could chew when it came to buying homes during the housing boom.

Now comes this "clunker program" that again provides financial rewards to all those who drive cars that are considered bad for the environment.

Everything about Barack Obama and the democrats defies all common sense.

Own an older car that gets good gas mileage and is environment friendly and you are told you are NOT ELIGIBLE for any benefit under the car clunker program. However, if you drive some huge gas guzzler that pollutes the environment and Obama is more than willing to shove $4,500 your way.

If you're doing without the finer things and keeping up with your mortgage payments but need some financial help, you are told you have to DELIBERATELY miss at least 2-3 payments before being eligible for some free Obama dough.

Barack Obama and the democratic party are going out of their way to reward bad behavior and are asking everyone else to subsidize it.

[DwightShrute]

get ready for the large tax increase (yes, for everyone making under $250,000 a year also)

1,266
Days Until Barack Obama is Out of Office

[sailorman2439]

Barack Obama and the democratic party are going out of their way to reward bad behavior and are asking everyone else to subsidize it.

So true and so frustrating. This only encourages more people to make bad decision, thus perpetuating failure.