Cash for Clunkers Program
Junk Car, Misc July 25th, 2009I want to look at this program for a minute. I do not agree with this slick way of getting people in more debt. Let’s look at the criteria for the program.
Your vehicle must be less then twenty-five (25) years old.
Car must get less then 18 MPG
Must be drivable
Must have been registered for the past 12 months
Must have been insured for the last 12 months with no lapse in coverage
You only get the grant if you are buying or leasing a new car
These criteria are pretty basic but let us look at the last one. You have to either lease or buy a new car. This worries me. I feel like the Government is just trying to help the car makers.
If this was ment to help the public you would be able to buy up to three year old vehicles. The only people that are going to profit from this grant is people that were going to buy a new vehicle anyway.
Another thing that bothers me, what cars are the dealers going to be pushing on people? One thing that a lot of people fail to look at is the resale value of the vehicle they are buying. Please if you are looking into purchasing a vehicle under this program look into the resell value of the vehicle you are thinking about purchasing.
Now don’t get me wrong this will help some but I fear that it might hurt just as many.
Now for the record, I have received a contract to dispose of some of the vehicles that are being sponsored in this grant program. But as usual I give my personal opinion.
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