07-28-2009, 12:37 PM
Does sound sort of extreme. I agree that there are a few vehicle I've seen on the road that should be crushed, but someone's junk in another's treasure.
Then you know how dealer's work. If the Fed's give you $15k toward your purchase, the new vehicle will depreciate $15k as soon as you leave the lot. So the $30k vehicle that you paid $15k for is now only worth $15k or less. I don't think it will be good in the long run for domestic automakers who are already on shaky ground.
I think China or Japan already has a similar law. After so many years vehicles are taken off the roads. They are then scrapped, recycled, or parted out to other countries. I ran into a Mazda engine that was from Asia. It was a totally different animal from anything that is sold in the US. Ended up cross referencing a timing belt from a Honda to get it back running. Also where do you think all these cheap little Asian tractors have been coming from?
Then you know how dealer's work. If the Fed's give you $15k toward your purchase, the new vehicle will depreciate $15k as soon as you leave the lot. So the $30k vehicle that you paid $15k for is now only worth $15k or less. I don't think it will be good in the long run for domestic automakers who are already on shaky ground.
I think China or Japan already has a similar law. After so many years vehicles are taken off the roads. They are then scrapped, recycled, or parted out to other countries. I ran into a Mazda engine that was from Asia. It was a totally different animal from anything that is sold in the US. Ended up cross referencing a timing belt from a Honda to get it back running. Also where do you think all these cheap little Asian tractors have been coming from?
'72 TBA...