'Cash for clunkers' program expands - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 20 Old 07-25-2009, 12:50 AM Thread Starter
 
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'Cash for clunkers' program expands

Washington -- The long-awaited cash for clunkers program, which starts Monday, will include more vehicles than previously expected, thanks to changes unveiled in the final rules that were officially released Friday.


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post #2 of 20 Old 07-25-2009, 12:59 AM
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i heard something in tv that you dont actually need a "clunker" to qualify, have you guys heard something like that?

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post #3 of 20 Old 07-25-2009, 01:25 AM
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you can trade in that suv or big a** gas guzzler truck for a economy car. we then start buying less gas and then again the gas price will never go down . just cleaner emissions. good and bad i think

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post #4 of 20 Old 07-25-2009, 01:30 AM
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I remember Summit Racing sending me a petition to ban this program so that parts vehicles were not destroyed.

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post #5 of 20 Old 07-25-2009, 01:10 PM
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Angry Cash for clunkers

The only problem I see with this program is that Obama is taking the cost of it out of the military budget!!! They're baaaaaack!!!!
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post #6 of 20 Old 07-25-2009, 01:56 PM
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Clunker was a poor term to choose, it makes it sound like it has to be a near junk POS vehicle.

Regardless, I'm still not a fan of spending our money to entice people to take on new car notes who have no business doing so to begin with. We'll have to see how this program pans out.

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post #7 of 20 Old 07-25-2009, 02:40 PM
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Just an item to note, the "voucher" price, whatever that is, is ON TOP of the scrap value price that the dealer must disclose and give you for your "clunker". So for example, if they say your car is worth $200 scrap, and you qualify for a 4500 voucher, you actually get a $4700 credit. It's cumulative, not exclusive.

If anyone does this, just keep that in mind.

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post #8 of 20 Old 07-25-2009, 03:07 PM
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So I could buy a junker for a few hundred dollars, drive it to the dealer, get $$$ back from "Dear Leader" for it and pick up my Camaro?

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post #9 of 20 Old 07-25-2009, 04:53 PM
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Quote:
Originally Posted by patriotpa View Post
So I could buy a junker for a few hundred dollars, drive it to the dealer, get $$$ back from "Dear Leader" for it and pick up my Camaro?
No. You have to own the vehicle for at least a year to qualify for the program.

I've thought about giving up my Firebird for this because it's in rough shape, and I don't know when I'll ever have enough money to fix it up right
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post #10 of 20 Old 07-25-2009, 06:28 PM
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You need to have it registered and insured for about a year. There are more details available online.

Hundreds of applicants have already been rejected according to this article:

http://www.detnews.com/article/20090...318/1148/rss25

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