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Old 05-08-2009, 11:41 AM   #1
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Congress agrees on "Cash for Clunkers" bill

$3500 to $4500 toward trade in if current vehicle gets below 18MPG.

Thought this might help alot of people trading in vehicles(especially if your upsidedown). Trade in Voucher from Gov't for trading up to a new vehicle getting at least 22MPG. Says should be done by Memorial Day.

Here is the link:

http://aftermarketbusiness.search-au...tegoryId=42269
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Old 05-08-2009, 11:55 AM   #2
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I think those facts are not exactly correct. It is my understanding that you will get a $3500 voucher if the new car gets 4mpg more than your old one, and $4500 if it gets 10 mpg more. I believe the 18 to 22 mpg was just an example.

It's hard to know because this is a variation of the bill and I'm not sure where to get the full text. It will probably change by the time it goes thru the Senate anyways.

This bodes well for the V6 Camaro with its 29 MPG.
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Old 05-08-2009, 12:14 PM   #3
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Think it will work if I trade my 1979 oldsmobile 98??????????
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Old 05-08-2009, 12:14 PM   #4
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Sorry, it was just a quick read. We won't know final details until it's done. May be very different by that time.
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Old 05-08-2009, 07:59 PM   #5
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Think it will work if I trade my 1979 oldsmobile 98??????????
Most likely, yes. I'm up in the air on if I would trade my SSEI for $3500, I've fixed everything on it and I'm kinda attached.

Maybe I'd keep it for the winter.
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Old 05-09-2009, 09:54 AM   #6
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I just read an update and it said this will be done by the end of the month. Hopefully this can help stimulate some car sales if used correctly. I can also see it being abused by dealers. If I decide to trade, this would be the last thing I mention before signing any papers.
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Old 05-09-2009, 10:02 AM   #7
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Most likely, yes. I'm up in the air on if I would trade my SSEI for $3500, I've fixed everything on it and I'm kinda attached.

Maybe I'd keep it for the winter.
Teleplayer,

I think that these vouchers will be in addition to whatever the dealer will give you for trade. So if they give you $2000, then your trade would be worth $5500-$6500.
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Old 05-09-2009, 10:07 AM   #8
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If this works im definitly trading my 1979 oldsmobile in because I only bought it for 500.
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Old 05-09-2009, 10:14 AM   #9
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how does the new gas mileage ranking system impact this? 2 years ago they switched off how they do all of the rankings so the same car that was ranked at 30 2 years ago is now around 28 or something.


though no way this impacts me, im not trading in my car, it gets 30 MPG, rated for 32 highway. damn olds had a good thing going with the alero.
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Old 05-09-2009, 10:18 AM   #10
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it says they dont know yet if there is an age cutoff. id be surprised if they would allow this for a car from 1979
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Old 05-09-2009, 11:40 AM   #11
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I wasn't going to trade, but this might be a good time to get rid of my SUV.
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Old 05-09-2009, 11:45 AM   #12
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I hope it doesn't matter how much you make. I've got a V6 on order so give me the BIG CHECK and I will turn it in. I'm thinking this is for at least 10 yr old cars.
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Old 05-09-2009, 11:46 AM   #13
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it says they dont know yet if there is an age cutoff. id be surprised if they would allow this for a car from 1979
Why not? That is te whole idea behind this legisltion; get the old inefficient cars off the streets in favor of newer more efficient models. They would be defeating the purpose if they did so. Not to say that you are not correct. I believe you are, because of the way they do crap up on the hill. It does defeat the purpose of the bill if they put an age limit on it, since most older cars are the most inefficient on the road right now.

I also think I would shoot somone trying to trade in an old classic under this program, because they wll all end up in the crusher.
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Old 05-09-2009, 12:02 PM   #14
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I wonder if they will compare the MPG values that were posted on the original window stickers of the trade-ins or require some kind of emissions testing to receive the vouchers. If the former is the case, does anyone know if they will compare the trade's city MPG to the new car's city MPG, highway MPG to highway MPG, or take the average for the two vehicles and compare those?
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Old 05-09-2009, 12:22 PM   #15
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I wonder if it's worth it to go get a $500.00 shi* box and trade it in?
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Old 05-09-2009, 01:02 PM   #16
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This whole bill SUCKS... its trash.

This means anyone trying to restore a vehicle is going to get screwed.

On top of that, its one step closer to destroying the entire collector car industry.
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Old 05-09-2009, 01:03 PM   #17
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yes, they will take your '79 in trade for the voucher, then it is crushed. No parts removed - drain the vital fluids and pull the tires and it is destroyed. They want the 'gross polluters' off the roads.

Ever see Car Craft's Crusher Camaro article? They bought a '67 Camaro sport coupe from the original owner at a Unical crusher buy back (for carbon credits) and it was going to be literally driven to the crusher, drained and flattened. They took the Camaro to a smog station where it passed with flying colors. Gross polluter? HOW?

You will see less and less old iron on the roads if this happens. Anything even close to 15 years or older will be gone forever. I really don't know how I feel about it. Part of me wants to go buy up a few old Mercury Grand Marquis or something for a grand and then sell them off for three times the money for money towards my new Camaro.
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Old 05-09-2009, 01:50 PM   #18
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Quote:
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I wonder if it's worth it to go get a $500.00 shi* box and trade it in?
Isn't that the truth. How many people are now running to junk yards to buy the '85 suburban for $1000? Hell, I would if I could get away with it.
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Old 05-09-2009, 01:57 PM   #19
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Quote:
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This whole bill SUCKS... its trash.

This means anyone trying to restore a vehicle is going to get screwed.

On top of that, its one step closer to destroying the entire collector car industry.
1. You don't have to sell it.
2. People that would benefit from this probably don't have anything worth restoring or the desire to.
3. It will only help the people that already have collector cars by bringing up the price of the cars that they own.
4. People that are spending 100's of 1000's of dollars on a car so it can sit in a garage and never be enjoyed for what it was meant to do are the ultimate form of lame.
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Old 05-09-2009, 03:39 PM   #20
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I'm assuming the details will change a bit by the time this thing actually gets through but right now, the only Camaro models that qualify are the LS or LT with an Automatic Transmission. The minimum requirement for new passenger cars is that it must have 22mpg combined fuel economy (not highway mpg). Thanks to some rounding up, the v6 + AT combo is the only one that meets that (21.7mpg but the sticker says 22mpg combined). Even the v6 + MT only has a combined 20.9mpg so it won't qualify.

I wish they'd go off the highway numbers instead of the combined mpg because the EPA lends more weight to the City mpg when doing the combined mpg number (55% city / 45% highway). So the v6 + MT gets penalized more because it only gets 17mpg city vs. 18mpg for the v6 + AT.

I've got my dying (head gasket or intake manifold gasket leak) '97 C1500 pickup, with 221k miles on it, ready to give to this program since it qualifies as a clunker but I refuse to compromise on getting an AT when I really want the MT. Guess we'll see how this plays out when everything is all said and done.
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Old 05-09-2009, 03:48 PM   #21
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When will this be available, i will trade in my 98maro Z28 if i get a voucher plus dealer trade amount who wouldnt.
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Old 05-09-2009, 03:54 PM   #22
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When will this be available, i will trade in my 98maro Z28 if i get a voucher plus dealer trade amount who wouldnt.
You won't get both the voucher and the dealer trade amount. Just one or the other.

If you go with the voucher, your car is headed to the salvage yard. Your dealer has no incentive to also give you cash for your trade because he is not going to be able to recoup that money by selling your car.

This is really only worthwhile for people that own a vehicle that is worth less than $3500 at trade-in or through private party sale.
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Old 05-09-2009, 04:01 PM   #23
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Old 05-09-2009, 04:47 PM   #24
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Doesn't help me

Quote:
Originally Posted by Computerplay View Post
$3500 to $4500 toward trade in if current vehicle gets below 18MPG.

Thought this might help alot of people trading in vehicles(especially if your upsidedown). Trade in Voucher from Gov't for trading up to a new vehicle getting at least 22MPG. Says should be done by Memorial Day.

Here is the link:

http://aftermarketbusiness.search-au...tegoryId=42269
My 2000 LeSabre is EPA rated at 28 mpg highway, and I was getting it.
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Old 05-09-2009, 05:17 PM   #25
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I also think I would shoot someone trying to trade in an old classic under this program, because they wll all end up in the crusher.[/QUOTE]

Well you might as well start loading your gun now because if there offering me 3500 or 4500 for the pos Oldsmobile im driving right now im not even going to hesitate about it. Yes I feel sorry about giving them a historic car to crush but F-it I could really use that 3500 - 4500 to pay off my camaro when I buy it. And no one is going to offer me that kind of money for a 1979 oldsmobile with a wrecked interior, leaky engine, missing parts hoopdie.
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