Cash for Clunkers

[vroombaby]

Chinese adopting Cash for Clunkers seems like a good idea if we can do it why cant others? I wonder how many other places besides the US and those officials in China had thought about this before it caught on. I just read something on it from a RSS feed but did not catch the entire write up.

 

[coup]

What's cash for clunkers? I am assuming you get paid for your old cars. Is that a government run company or some kind of commercial business?

 

[Dodge Doll]

Some of the local dealerships do "push, pull, or drag" sales, whereby an old vehicle is guaranteed $1500 on trade in on a new or used vehicle ... and I'm all for it.

 

[chillen]

There is a place down the strip that is doing some weird deal. They are trying to guarantee a certain percentage I think of what your car will devalue by when you drive it off the lot. The thin is they are taking that % and will add it to your next car that you buy with them when you trade the old one back in.

 

[Dodge Doll]

HA! Chillen, most vehicles lose 20 - 25% of their purchase price as soon as they're on plates on pavement.... literally. Any other numbers are "fabricated" to suit the situation, and making numbers "fit" is a sales rep's expertise.

I smell a little fancy accounting.

 

[philio]

That is some fancy accounting. Around here there are some programs but people are desperate for easy, fast and cold hard cash. Because of that most people call a junker out who comes and gets the car and pays them the scrap metal price.

 

[jumpinjacks]

I am probably wrong but I thought Cash for Clunkers was some kind of government rebate program. Like you donate your car to charity and get to deduct it from your taxes or get a tax credit.

 

[philio]

Your not wrong. The US has both a rebate program and gives you the ability to tax deduct it. One is Cash for Clunkers and the other is just a deduction for giving to charity.

 

[vroombaby]

Math mathematicians doing what they do best I guess! I can not believe how many places are going under now, maybe that is what these places are afraid of?

 

[NeedNewWheels]

I was thinking about using the Cash for Clunkers program when I got rid of my old car. I could have got more money doing that program, I think, but really my goal was just to get rid of it. It sounds really helpful though. I like it.

 

[vroombaby]

I am also seeing some rather odd places that I never thought would go under but are. A very nice restaurant with reasonable prices but very nice dinning went out recently. We drove past this weekend and they had a sign up for the entire building being foreclosed.

 

[HANG]

I thought Cash For Clunkers ended in 2009 and only lasted a few weeks? Are you guys talking about just a general visit to the dealer for a similar type of function?