cash for clunkers=the end

[SC74]

Just heard today that the gov't is thinking of putting the "cash for clunkers" on hold since it has gone so well. Over 20,000 cars have been traded in as clunkers and they gov't is behind on their end issuing the rebates. What a joke.

[bone collector]

just read it might be suspended at midnight tonite and that there are still alot of cars that were not acounted for so they might of blew their budget....well our tax dollars

[Errorhead]

The deal is $3500 for a car that gets 4mpg better than the old one. $4500 for one that gets 10 mpg better than the old one. For a truck or suv it's $3500 for 2mpg better and $4500 for 6mpg or better. No $15000. The car has to have been built '84 or later and owned and insured for at least 1 yr prior to trade in. All on a new car that costs less than $45000. No H-1 Hummers on this deal. The total pool of gov money is $1B. When its gone, its gone until they add to the pot because the "right" people didn't get a new car. There is a web site that lists the epa estimated mileage of cars now. Can't remember what it is, tough. Ends with .gov. I think Matt is right on the crushing thing, though. No salvage allowed. No buying a clunker for $500 and trading it through the system. But see if that doesn't happen.

Tim

I think this is the one you are talking about.

http://www.fueleconomy.gov/

[doc]

so basically those who happen to drive an "old clunker" because that's what they can afford are now being encouraged to trade the clunker for a new, expensive vehicle that they otherwise would not consider if it were not for a govt subsidy??? wait a minute, i thought we already played this game????

bingo!!