Story Comments

easeltine

My clunker is a 1992 Silverado given to me as a gift from my dad in 2004 for going back to school when I was older and graduating with honors. He had been using it as a retirement vehicle to haul a trailer. My car totally qualifies.
KBB says it's worth $2,400 trade-in value. Due to the economic situation I could be let go from my job at anytime. The Silverado is my 3rd car. Maybe, I could afford $100.00 more to pay for a car per month. Do I:

A. Trade-in the car or sell it and buy an older used car that is nicer and more economical than it?
B. Suffer without A/C, A/T in Los Angeles and get the Yaris lease when Toyota announces it?
C. Keep the Silverado as a 3rd car and sell it after all the cars like it are destroyed by the government. Then sell it, and put the money in the bank?

the_dude_abides

Okay obviously some people have had a little trouble reading this article. It says 1984 or later as in the automobile can't be older than 1984. Yes it has to be running, I can't just go to a junkyard and tow something out for a few hundred bucks and trade it in for $4500 on a new car. It also defeats the purpose if it is not running, because it is not polluting! Registered and insured for a year..... It should already be both if you are driving it on the road. If it is not insured and registered then we can assume it stays parked in your driveway and again not polluting. If you want to cry about the unjustness of this bill then pick a valid argument.

How about where is all this money coming from? Taxpayers... You bail me out because I made an unwise choice to buy a gas guzzler that ruins my wallet and the environment at the same time. Thank you American taxpayers for bailing me out. I was really regretting buying my 15mpg V8 auto and having to pay $3 a gallon to fill ...(Read more of this comment)her up every other day.

If your going to cry about something, cry out about something that actually matters.
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JimQu

Cash for cows is next.

http://theburningplatform.com/groups/quinns-daily-dose-of-reality/discussions/cash-for-clunkers-next-cash-for-cows

kcampese

60% the cars that are currently donated to charity will now be eligible for a $3500 or $4500 voucher under the cash for clunkers program. Since the tax deduction for donating a car is only $500 or what the car sells charities won't be able to compete with the program and charitible car donation will end. A better idea is to just change the amount a person can deduct for donating their car back to the book value. That way every car is eligible, the government doesn't have to spend $4 million of our dollars giving away vouchers and trying to administer a progam that is way too convoluted!