Cash for Clunkers to get rolling soon
Federal program offers incentives to trade in gas-guzzlers
"Cash for Clunkers" won't single-handedly save the environment, rescue the beleaguered auto industry or spare consumers from financial distress. But the new $1 billion federal program promises a little help in all three areas, a bit of political symbiosis that explains why the plan motored through Congress three weeks ago on the back of an Iraq war-funding bill. Ref. Source 5
Cash for Clunkers
It all seemed like the perfect scheme -- the government will pay you $4500 for your 'clunker' -- all you have to do is get a newer car that has better gas mileage. And voila! You just helped the environment AND got a new car. A win win situation for sure! Well, sort of. There are a few 'kinks' in the government plan. What are they? Glenn explains. Ref. Source 9
I think there are some older cars that need to be gotten off the roads. I am tired of following some and every now and then having to swerve to avoid missing a part it just dropped. I would be interested to know how long this program is supposed to last. This fall, next spring? How long?
Is 'cash for clunkers' a practical program?
The 37-year-old West Valley City resident wants to sell or trade his 1992 Chevy 1500 that runs at 18 mpg for a new vehicle with better gas mileage. And like many Utahns, Valdez has heard about the federal "Cash for Clunkers" legislation that offers refunds for people willing to trade in their gas-guzzling clunker vehicles for new, economical ones, but even with the up-to $4,500 rebate, a new car is out of his price range. Ref. Source 9