Cash for Clunkers
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Joined: May 2003
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Cash for Clunkers
What's the catch? What I can see right now is, the Feds will "give" me $3500 for my '02 van if I buy a '09 Escape. By "give", I mean, they'll give my Ford dealer $3500. I have a feeling that when I go in to see what the pricing on the Escape will shake out as, the dealer will act as if they are the ones dropping the sticker by $3500. Now, as a dealer, I'd be all for this since I'm not lowering my price at all and the gov't is giving me $3500 on top of it. Am I reading this correctly? So, for instance, if the sticker reads $26,0000, the dealer will say they're lowering the price for me to $22,500 when in fact, they haven't moved at all. Now I should start bargaining from the price of $22,500, not $26,000, correct?
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Senior User
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It gets better. I did a quick search on the "catch" of this program. Another beautiful thing is, when the vehicle is turned in for the program, it's turned in for scrap, maybe $300-400, and you get no trade-in value. So, if your clunker is worth $2000 on trade, you don't get that.
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If your car is worth $2000, and you take the CARS deal with a $300 scrap value and a $4500 credit towards the negotiated price of a new car, isn't that better than the $1400 the dealer would otherwise give you?
As for the trade, who cares what they do with it, you're turning it in....
No one will even start these deals yet, as the rules are not published yet.
Waiting to do mine.....
As for the trade, who cares what they do with it, you're turning it in....
No one will even start these deals yet, as the rules are not published yet.
Waiting to do mine.....
Postmaster
Joined: Nov 2006
Posts: 4,517
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From: SE Wyoming
Here is the most up to date info:
http://www.cashforclunkersdc.com/
If your trade in is worth more than the $3500 or $4500 then obviously you would not apply for this rebate.
http://www.cashforclunkersdc.com/
If your trade in is worth more than the $3500 or $4500 then obviously you would not apply for this rebate.
Post Fiend
Joined: Feb 2004
Posts: 5,378
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From: nebraska
Ok are there any car salesman online that could tell us more about this. If anybody knows they surly would. Im still not sold on this if something sounds to good to be true it probably is. Why not just lower the price $4500.00/ost off these mew vehicles are way overpriced any way. Something tells me this will backfire an the car dealers will still be up a creek without a paddle. What does everyone think?
Senior User
Joined: Oct 2008
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From: Coon Valley, WI
it will (1) screw every single used car sales guy over. (2) it will boost the price of parts sky high and (3) will make the price of scrap plummit. thats what it is gonna do. (1) Who is going to buy an 07 truck when you can get the same '10 for the same price? (2) now used parts will be used as scrap metal. so you cant reman broken parts, let alone find parts. they will just be a part of your next fridge. (3) there will be so many vehicles scrapped, that there will be an over stock of metal. just elimentary supply and demand.
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Postmaster
Joined: Nov 2006
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From: SE Wyoming
Actually it is limited to 1 million units as it stands now. I agree it is going to raise prices in some areas but at least they capped it. Why would they just lower the price when the gvt is going to give them a $3500 or $4500 check? They will lower it that much when they sell it but they are getting reimbursed. All the info available now is on the link I provided and here: http://www.cars.gov/ if you don't like a .com for some reason. There are target vehicles they want off the road that are listed and they will break down which ones will get which rebate.
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Parts, other than the "engine block"*, will be able to be sold. If removed, the trans and axle can be sold too.
They want the engine disabled before the scrappy gets there. It's pretty entertaining to read the procedure:
-Drain and dispose of oil.
-Replace plug.
-Put some sodium silicate in the crankcase.
-Run at 2000 rpm till it quits.
-Wait one hour.
-If it starts and runs, repeat. No start, or no idle, you're good.
They are worried about fraud, but my guess is these long blocks may find their way back.
*Note they say "engine block", but again, they go on and on and end up defining "engine block" as actually what we call a "long block", that is, block, all internals, & head.
Preparing mine right now.
They want the engine disabled before the scrappy gets there. It's pretty entertaining to read the procedure:
-Drain and dispose of oil.
-Replace plug.
-Put some sodium silicate in the crankcase.
-Run at 2000 rpm till it quits.
-Wait one hour.
-If it starts and runs, repeat. No start, or no idle, you're good.
They are worried about fraud, but my guess is these long blocks may find their way back.
*Note they say "engine block", but again, they go on and on and end up defining "engine block" as actually what we call a "long block", that is, block, all internals, & head.
Preparing mine right now.
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Joined: Jul 2009
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As someone who lovingly buys and restores old trucks and 4x4's I think this program is awful. I have a 75 E100, 77 CJ5, 78 F250, 63 Scout 80, and a 71 Scout 800b and I hate to think about how many of these type vehicles get ruined because of this program. The only thing that makes me smile is the thought of how much trouble the poor *******s are gonna have trying to kill some of the more reliable engines of yesteryear such as the IH V8s and the Ford 460. I know Mythbusters tried killing an old Lincoln 460 and they had a hell of a time getting it to seize. Imagine running it without oil for a few minutes and it is still going. HAHA. My guess it would be about that time you would want to keep your "clunker".
Super Moderator
Joined: Apr 2004
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CARS program is 25 years and up, so nothing you list is going. Sodium silicate in place of the oil....I can't wait for the stories of the lot boys sent out to run these things at the prescribed 2000 rpm holding them to the floor and spitting rods out into their coworkers brains (or where the brain should be...)
I'm going to see if they will let me blow mine up myself.....
I'm going to see if they will let me blow mine up myself.....
Post Fiend
Joined: Sep 2007
Posts: 6,221
Likes: 6
From: Cow Town, CA
Parts, other than the "engine block"*, will be able to be sold. If removed, the trans and axle can be sold too.
They want the engine disabled before the scrappy gets there. It's pretty entertaining to read the procedure:
-Drain and dispose of oil.
-Replace plug.
-Put some sodium silicate in the crankcase.
-Run at 2000 rpm till it quits.
-Wait one hour.
-If it starts and runs, repeat. No start, or no idle, you're good.
They are worried about fraud, but my guess is these long blocks may find their way back.
*Note they say "engine block", but again, they go on and on and end up defining "engine block" as actually what we call a "long block", that is, block, all internals, & head.
Preparing mine right now.
They want the engine disabled before the scrappy gets there. It's pretty entertaining to read the procedure:
-Drain and dispose of oil.
-Replace plug.
-Put some sodium silicate in the crankcase.
-Run at 2000 rpm till it quits.
-Wait one hour.
-If it starts and runs, repeat. No start, or no idle, you're good.
They are worried about fraud, but my guess is these long blocks may find their way back.
*Note they say "engine block", but again, they go on and on and end up defining "engine block" as actually what we call a "long block", that is, block, all internals, & head.
Preparing mine right now.
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