Cash for Clunkers

[AntiFreze]

Is it only available for low-income people? who qualifies? all I can gather is that you trade in your car for blue book value and get an additional 3500 or 4500 dollars on top of that towards a new car purchase. is this correct?

I have a 97 jeep grand cherokee that I really dont want. Can I take that in for what its worth (~$2500?), get $4500 on top of that, and put it towards a car? does it need to be brand new or can it be a used car on their lot?

 

[RedArmy]

http://www.cars.gov/faq

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[ric1287]

you don't get both, you get one or the other. They recycle the cars

 

[TwiceOver]

Has to be new. YOu get what the dealer is willing to give you plus either 3500 or 4500 depending on which group your vehicle falls under. I don't think there is any assumption that you would get the current "value"...

I can't believe they are just destroying the engines in the trade ins. What a waste of perfectly good parts.

EDIT: Heh, we were thinking of trading in my Wife's clunker, a '95 Nissan Altima. It isn't considered a 'Clunker' because it has a MPG rating of 21mpg. Yeah, I'd be happy as hell if it got that.

 

[brandonbull]

1. have clunker
2. trade it in
3. ?????
4. profit

 

[Gothgar]

so, what's to stop someone from buying a 200 dollar car off Pennysaver and using that as the trade in?

 

[brandonbull]

Originally posted by: Gothgar
so, what's to stop someone from buying a 200 dollar car off Pennysaver and using that as the trade in?

Has to run and you need to have had it insured for the last year.

 

[dud]

The Government is subsidizing (using YOUR tax money) to TRy to accomplish two (2) tasks:

1) To reduce the number of gas-guzzling fuel waters on the road and ...

2) Trying to stimulate (jump start) auto sales in this country


What a waste of our tax dollars ...

 

[ric1287]

Originally posted by: dud
The Government is subsidizing (using YOUR tax money) to TRy to accomplish two (2) tasks:

1) To reduce the number of gas-guzzling fuel waters on the road and ...

2) Trying to stimulate (jump start) auto sales in this country


What a waste of our tax dollars ...

They accomplished both of those things...why is that bad again?

 

[TwiceOver]

Originally posted by: ric1287

Originally posted by: dud
The Government is subsidizing (using YOUR tax money) to TRy to accomplish two (2) tasks:

1) To reduce the number of gas-guzzling fuel waters on the road and ...

2) Trying to stimulate (jump start) auto sales in this country


What a waste of our tax dollars ...

They accomplished both of those things...why is that bad again?

The problem is a whole lot of people saw it as a good idea. Now they have a car payment and are not spending in other places. The next dip in this W recession we are in will come from lack of consumer spending.

 

[ric1287]

Originally posted by: TwiceOver

Originally posted by: ric1287

Originally posted by: dud
The Government is subsidizing (using YOUR tax money) to TRy to accomplish two (2) tasks:

1) To reduce the number of gas-guzzling fuel waters on the road and ...

2) Trying to stimulate (jump start) auto sales in this country


What a waste of our tax dollars ...

They accomplished both of those things...why is that bad again?

The problem is a whole lot of people saw it as a good idea. Now they have a car payment and are not spending in other places. The next dip in this W recession we are in will come from lack of consumer spending.

And you get the automakers sales again, you can't have everything.

 

[Indolent]

Originally posted by: ric1287

Originally posted by: dud
The Government is subsidizing (using YOUR tax money) to TRy to accomplish two (2) tasks:

1) To reduce the number of gas-guzzling fuel waters on the road and ...

2) Trying to stimulate (jump start) auto sales in this country


What a waste of our tax dollars ...

They accomplished both of those things...why is that bad again?

I think it's dumb to combine the two requirements. I know a quite a few people that would be interested in a new car (including myself) but the gas mileage on their current one is too high according to the website.

My 9 year old Alero gets 22 mpg according to them so I'm out of luck...

 

[HardcoreRobot]

govt takes your money, skims some off the top, gives it to someone else to trash a perfectly working vehicle and buy a new one, with car dealers and manufacturers skimming as well

 

[SonnyDaze]

Originally posted by: Indolent

Originally posted by: ric1287

Originally posted by: dud
The Government is subsidizing (using YOUR tax money) to TRy to accomplish two (2) tasks:

1) To reduce the number of gas-guzzling fuel waters on the road and ...

2) Trying to stimulate (jump start) auto sales in this country


What a waste of our tax dollars ...

They accomplished both of those things...why is that bad again?

I think it's dumb to combine the two requirements. I know a quite a few people that would be interested in a new car (including myself) but the gas mileage on their current one is too high according to the website.

My 9 year old Alero gets 22 mpg according to them so I'm out of luck...

Wanna trade for a 9 year old Jeep that gets 15 mpg and qualifies for the clunker deal?

 

[CRXican]

don't let them kill the Jeep you jerk

 

[SonnyDaze]

Originally posted by: CRXican
don't let them kill the Jeep you jerk

:laugh: I plan on driving this thing into the ground. It's a 2000 Cherokee and has about 133,000 on the odometer.

 

[her209]

Originally posted by: AntiFreze
Is it only available for low-income people? who qualifies? all I can gather is that you trade in your car for blue book value and get an additional 3500 or 4500 dollars on top of that towards a new car purchase. is this correct?

I have a 97 jeep grand cherokee that I really dont want. Can I take that in for what its worth (~$2500?), get $4500 on top of that, and put it towards a car? does it need to be brand new or can it be a used car on their lot?

IMPORTANT!!!!

You don't get any money in addition to the $3500/4500. You just get the $3500/$4500.

And yes, the new car must be a new car purchase that meets the requirements for the $3500/$4500.

/IMPORTANT

 

[Freshgeardude]

Originally posted by: TwiceOver
Has to be new. YOu get what the dealer is willing to give you plus either 3500 or 4500 depending on which group your vehicle falls under. I don't think there is any assumption that you would get the current "value"...

I can't believe they are just destroying the engines in the trade ins. What a waste of perfectly good parts.

EDIT: Heh, we were thinking of trading in my Wife's clunker, a '95 Nissan Altima. It isn't considered a 'Clunker' because it has a MPG rating of 21mpg. Yeah, I'd be happy as hell if it got that.

I will give you 3500 for that fucking car.

 

[BoomerD]

Originally posted by: her209

Originally posted by: AntiFreze
Is it only available for low-income people? who qualifies? all I can gather is that you trade in your car for blue book value and get an additional 3500 or 4500 dollars on top of that towards a new car purchase. is this correct?

I have a 97 jeep grand cherokee that I really dont want. Can I take that in for what its worth (~$2500?), get $4500 on top of that, and put it towards a car? does it need to be brand new or can it be a used car on their lot?

IMPORTANT!!!!

You don't get any money in addition to the $3500/4500. You just get the $3500/$4500.

And yes, the new car must be a new car purchase that meets the requirements for the $3500/$4500.

/IMPORTANT

This is teh trooth.

You do NOT get trade-in value PLUS the Cash for Clunkers $3500/4500. You have to take one or the other.

IMO, it sux that this can't be used for newer used car purchases. That leaves a lot of people unable to take advantage of this. (might be able to afford the payment for a 2-3 year old car, but not for a new car)

 

[Freshgeardude]

its fucking retarded to trade ina 5-8 year old car that is fine. if someone serious wants to trade it in, in Florida, PM me. I need a car and will pay 3500.

 

[TwiceOver]

Originally posted by: Freshgeardude

Originally posted by: TwiceOver
Has to be new. YOu get what the dealer is willing to give you plus either 3500 or 4500 depending on which group your vehicle falls under. I don't think there is any assumption that you would get the current "value"...

I can't believe they are just destroying the engines in the trade ins. What a waste of perfectly good parts.

EDIT: Heh, we were thinking of trading in my Wife's clunker, a '95 Nissan Altima. It isn't considered a 'Clunker' because it has a MPG rating of 21mpg. Yeah, I'd be happy as hell if it got that.

I will give you 3500 for that fucking car.

The thing that makes it a 'clunker' isn't the mileage, it's the 13 years it spent in Minnesota Winters (for those that don't know, the salt exposure in Minnesota is like a car sitting in the ocean). I have no idea what is holding the bottom of the car together.

 

[her209]

Originally posted by: her209

Originally posted by: AntiFreze
Is it only available for low-income people? who qualifies? all I can gather is that you trade in your car for blue book value and get an additional 3500 or 4500 dollars on top of that towards a new car purchase. is this correct?

I have a 97 jeep grand cherokee that I really dont want. Can I take that in for what its worth (~$2500?), get $4500 on top of that, and put it towards a car? does it need to be brand new or can it be a used car on their lot?

IMPORTANT!!!!

You don't get any money in addition to the $3500/4500. You just get the $3500/$4500.

And yes, the new car must be a new car purchase that meets the requirements for the $3500/$4500.

/IMPORTANT

ADD: There are also requirements for the car that is being turned in other than the MPG. For example, you have to own the car for at least one year and it has to be continuously insured during that time.

IANAL

 

[shortylickens]

Originally posted by: TwiceOver

Originally posted by: Freshgeardude

Originally posted by: TwiceOver
Has to be new. YOu get what the dealer is willing to give you plus either 3500 or 4500 depending on which group your vehicle falls under. I don't think there is any assumption that you would get the current "value"...

I can't believe they are just destroying the engines in the trade ins. What a waste of perfectly good parts.

EDIT: Heh, we were thinking of trading in my Wife's clunker, a '95 Nissan Altima. It isn't considered a 'Clunker' because it has a MPG rating of 21mpg. Yeah, I'd be happy as hell if it got that.

I will give you 3500 for that fucking car.

The thing that makes it a 'clunker' isn't the mileage, it's the 13 years it spent in Minnesota Winters (for those that don't know, the salt exposure in Minnesota is like a car sitting in the ocean). I have no idea what is holding the bottom of the car together.

I grew up in Minnesota. Get a car wash once in a while and it will be fine. My family has kept many vehicles for 20+ years doing exactly that.

 

[Freshgeardude]

Originally posted by: shortylickens

Originally posted by: TwiceOver

Originally posted by: Freshgeardude

Originally posted by: TwiceOver
Has to be new. YOu get what the dealer is willing to give you plus either 3500 or 4500 depending on which group your vehicle falls under. I don't think there is any assumption that you would get the current "value"...

I can't believe they are just destroying the engines in the trade ins. What a waste of perfectly good parts.

EDIT: Heh, we were thinking of trading in my Wife's clunker, a '95 Nissan Altima. It isn't considered a 'Clunker' because it has a MPG rating of 21mpg. Yeah, I'd be happy as hell if it got that.

I will give you 3500 for that fucking car.

The thing that makes it a 'clunker' isn't the mileage, it's the 13 years it spent in Minnesota Winters (for those that don't know, the salt exposure in Minnesota is like a car sitting in the ocean). I have no idea what is holding the bottom of the car together.

I grew up in Minnesota. Get a car wash once in a while and it will be fine. My family has kept many vehicles for 20+ years doing exactly that.

well ok then. that is in poor condition I understand, but some cars that are 5 years old are being put into this program and they just trash it

 

[Raduque]

Originally posted by: ric1287

Originally posted by: dud
The Government is subsidizing (using YOUR tax money) to TRy to accomplish two (2) tasks:

1) To reduce the number of gas-guzzling fuel waters on the road and ...

2) Trying to stimulate (jump start) auto sales in this country


What a waste of our tax dollars ...

They accomplished both of those things...why is that bad again?

I think the biggest problem is that it doesn't get actual REAL "clunkers" off the road. A friend of mine has a 90-something Nissan that gets about 10mpg, burns oil, and is falling apart, but because the website where you can check your cars eligibility says 22 or 23mpg, this car doesn't qualify.