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Originally Posted by ronmcdon
It was obviously set up to look like most of the sales were for US cars,
when in fact Japanese cars were doing better than they were given credit for.
Maybe the US government wanted to give the public the impression that it was also helping out US automakers, idk.
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not sure why the gov thought that would make people mad. rewarding good manufacturers who are actually semi profitable, or solvent at the very least... sounds good to me.
Quote:
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Originally Posted by ronmcdon
idk about being a middle class thing.
theoretically, it would really help a lower income person trade in their gas-guzzling junker for $5k Versa/10k Fit, etc.
The offset in gas savings might even reduce overall monthly expenditure even further.
It would cost peanuts to finance something that cheap.
Likewise, I doubt there's anything to stop some rich guy to get a $4,500 discount on a lambo.
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my main rationale for it not helping the rich is basically the requirements on the old junker. iirc you had to own it for a year and have it registered / titled / insured for the same period. that pretty much means you can't go out, buy a $500 pos and trade it in for a cool $4.5k. as a result, i don't think it helped the rich much, since i really doubt rich people owned cars worth under $4500 (and qualify) to begin with. the poor on the other hand, i imagine they might have trouble getting loans to cover the balance. i guess it depends on how poor you have to be to qualify as 'poor.'