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"Cash for Clunkers"

Discussion in 'Cars and Transportation' started by TEG, Jan 15, 2009.

  1. graham

    graham Active Member

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    From TEGs linked article:

    Rats...
     
  2. dpeilow

    dpeilow Moderator

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    #3 dpeilow, Mar 16, 2009
    Last edited by a moderator: Mar 20, 2009
  3. dpeilow

    dpeilow Moderator

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  4. graham

    graham Active Member

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    From dpeilow's linked article:

    I hope that this will include vehicles which use no gas at all... Is MPGe the same as MPG in this case?
     
  5. Kevin Harney

    Kevin Harney Active Member

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    That will work for me if it is still around when I get my Model S.
     
  6. Tdave

    Tdave Member

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    Hmm, can I buy a $300 8-year old car just to use as a trade in?
     
  7. mt2

    mt2 Member

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    Hmm, my Saturn will be eight years old when the Model S is available. I was concerned about the trade-in value and eventually discarded it when figuring the cost of the Model S. I figured it would be worth whatever it's worth regardless of the vehicle I replace it with. But this changes the equation, perhaps substantially.

    If, as you point out, it's still around.
     
  8. Takumi

    Takumi Member

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    #10 Takumi, Mar 20, 2009
    Last edited: Mar 20, 2009
    I don't see why not. The purpose of the program is to get rid of older cars.

    What I want to know if these government programs are stackable. Can you get the hybrid/EV rebate stacked on this?
     
  9. mt2

    mt2 Member

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    I don't see why not. The trade-in program is targeted at your old vehicle while the $7,500 rebate is targeted at your new vehicle. Two completely different programs.
     
  10. dpeilow

    dpeilow Moderator

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  11. bobw

    bobw Tesla Reader

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    #13 bobw, Mar 23, 2009
    Last edited: Jul 7, 2009
    Ah, but your forget our Gotcha Government! Buried somewhere deep in the bill, probably inserted at the last moment in the dead of night (for plausible deniability) by some low level staffer is a clause invalidating both unless you are a campaign contributor or sleeping with a Congressman.

    I wanted to make that paragraph tongue-in-cheek, but I can't, somehow.
     
  12. vfx

    vfx Well-Known Member

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    #14 vfx, Mar 24, 2009
    Last edited: Apr 6, 2009
    Fox Business reports that those clunkers will clog our landfills.

    'Cash for Clunkers' Promises to Expand Landfills - FOXBusiness.com
    Really.
    Does any uneducated person not know about crushing, grinding, and melting of cars?

    I'd like to see a picture of one of these "car landfills".

    edit to add:

    Besides, where would these cars end up anyway?
     
  13. DAL

    DAL Member

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    Cash for Clunkers

    So, it appears that Congress snuck the “Cash for Clunkers” program into today's $106B War-related Emergency Supplemental (91-5 Senate, 226-202 House).

    The interesting thing about the program is that it allows for a $4,500 voucher if the mileage of the new car is 10 mpg higher than the old car. I'm pretty sure this would apply to any ICE to BEV trade-in, but what really interests me is that this is only $500 less than the Model S down payment. So, as the details emerge (it sounds like this is supposed to be a 12-month plan), the main question to be answered is whether or not a down-payment on a Tesla Model S will qualify. According to Thomas.gov, it sounds promising:
    - Dealers must accept voucher as "payment or down payment" for a fuel-efficient vehicle
    - Voucher can be used in concert with other vouchers for fuel efficiency (so the $7,500 federal tax credit still applies)
    - Voucher must be used by March 31, 2010
    - Dealers must be certified in order to participate
    - Dealers must arrange to destroy the trade-ins

    For those of you who remember "Who Killed the Electric Car," what better publicity than Tesla accepting these trade-ins, then televising the destruction of vehicles traded in for theirs. . . .

    Search Results - THOMAS (Library of Congress)
    Congress Sends $106B War-Spending Bill To Obama : NPRSenate Passes "Cash for Clunkers" Program- Yahoo! Autos Article Page
     
  14. Tdave

    Tdave Member

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    Program was scaled back to only last 3.5 months, not 12. And I think I remember reading that the clunker can only get 18 mpg or worse. You also need to prove you've owned the vehicle for a certain amount of time, so no going out to buy the clunker to trade in.
     
  15. Arnold Panz

    Arnold Panz Model Sig 304, VIN 542

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    Don't you have to turn the clunker in at some point? I think the point is to get the "clunkers" off the road in 2010, which would leave these people without a car for 2 years assuming they turn in their clunkers to Tesla in exchange for a voucher to use on the down payment on the Tesla.
     
  16. DAL

    DAL Member

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    Clunkers Update

    Here are more details; it appears that the current $1B set-aside expires when used up or at the latest in November. There is some buzz from Democratic members of Congress that the current bill does not go far enough and they may try to extend the program.

    TDave, you're right about the 18mpg or worse requirement, but please note that requirement is combined mpg (hwy and city). Most medium-sized vehicles on the road today fall into that range. To confirm, you can visit:
    Fuel Economy
    I'm pretty sure you'd have to surrender the vehicle (and therefore, potentially have to wait 2 yrs for a replacement); however, the bill did not specify.

    Finally, the most disheartening news reported on the program today is that the max price of the new vehicle can only be $45K (what kind of silly requirement is this, anyway)?

    Cash for Clunkers Car Buying Stimulus Bill- Yahoo! Autos Article Page

    Bottom line: it seems like this program is perfect for TM, but additional effort might be required by Congress to make it fit exactly.
     
  17. Takumi

    Takumi Member

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    Does anyone know if there are any cars eligible for BOTH both the $7,500 and $4,500 rebate?
     
  18. TEG

    TEG TMC Moderator

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    Being parted out before crushing:
    800px-Auto_scrapyard_2.jpg

    Squished for the chopper:
    Auto_scrapyard(2).jpg

    Shredded into easy to melt pieces:
    [​IMG]

    The metals are worth too much to let them just rust away. Cars get recycled.

    Used tires, on the other hand, are more of a problem:
    [​IMG]

    They tend to mass up on old farms turned into tire dumps until one day a mysterious fire burns them all up...
     

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