ZilviaBot

06-19-2009 11:58 AM

Filed under: Car Buying, Government/Legal



After narrowly surviving an attempt by Sen. Judd Gregg, R-N.H. to strip it from a war-spending bill, the Cash for Clunkers program passed the Senate yesterday evening. Well, the $106 billion war-spending bill passed the Senate on a 91-5 vote, but the $1 billion scrapping program earlier survived Sen. Gregg's attempt to have it removed and thus passed, as well. Now the bill makes its way to President Obama, who is expected to sign the bill into law, after which the U.S. Transportation Department reportedly has one month to figure out how the Cash for Clunkers program will be run. Since Congress reduced funding for the program from $4 billion to just $1 billion, it's expected that the money will run out long before the program is scheduled to end on November 1.

The Cash for Clunkers program is intended to aid automakers and their dealers, including imports, by offering vouchers worth between $3,500 and $4,500 to car buyers willing to trade in their old vehicles for new, more fuel efficient ones. The program's eligibility rules, however, are stiff. Trade-in vehicles have to be in drivable condition, insured by the same owner for the last year, manufactured in 1984 or later and have a combined EPA fuel economy rating of 18 mpg or less.

The new car being purchased must also achieve at least 22 mpg combined in order to receive the $3,500 voucher and be 10 mpg better than your trade-in to earn the $4,500 voucher. For light trucks and SUVs, the new vehicle must get 2 mpg better than the old one for $3,500 and 5 mpg better for $4,500. Reported estimates say around 250,000 car shoppers will be able to take advantage of the program, so don't sell your clunker on Craigslist if you want to be one of them.

[Source: The Detroit Free Press | Photo by Kevin Burkett | CC2.0]Cash for Clunkers passes Congress, awaits President's signature originally appeared on Autoblog on Fri, 19 Jun 2009 12:58:00 EST. Please see our terms for use of feeds.



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91SuperS13

soo... is it the voucher plus trade-in value? cuz if it is, thats pretty cool.

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'08 BM MS3 GT
311 whp - 345 lb/ft

bardabe

lol I'd so do that, just re fix my Z and go get a Z33. lol. i can say my shit gets about 12mpg. after all it's tuned and "fixed up"

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Review Thread

Mkiisupra1982

Too bad what you "say" your car gets has nothing to do with the EPA fuel economy rating it was given when new.

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クリス

aziankingz

its mpg when it was new out of factory, which most our cars received 18mpg+ and s13s would only get a 2k voucher..which is not worth it..

Flicktitty

i'm gonna be trading in my 92 Explorer and getting a cube soon!

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2JZ-GTE Swapped S13 Coupe - 1994 Supra Turbo

Bigsyke

so hypathetically we could trade in a 240sx for a z33 and get $3,500 towards it?

I would assume most dealerships would thus rape us in trade in value.

Flicktitty

Nope, you can only get a BRAND NEW CAR, maybe if you can find a 08 350Z still on a lot.

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2JZ-GTE Swapped S13 Coupe - 1994 Supra Turbo

fromxtor

^^No read it again

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Seller feedback>>http://www.zilvia.net/f/showthread.p...light=fromxtor

blueshark123

when is this bill inaffect i would trade my suburban in

EchoOfSilence

EWWW

cbr900son

I wonder if it works like that?

BustedS13

no, it's not. because now I AM PAYING towards peoples' new cars, when I myself cannot afford a new car.
this, from a liberal. WHY ARE WE SPENDING SO MUCH GODDAMN MONEY?

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energ

you dont get gov't money plus trade in value
its either or
you either get the 3500 or 4500 from the gov't or the trade in value

not gov't money plus trade in value.

the "clunker" traded in must be crushed/destroyed and documented for you to receive the money

irax

its fucking bullshit... most early 80's cars are esasier and cheaper to fix... we should just get rid of all the 90-00's cars fucking 00 ford explorer and it costs 2500 god damn dollers to do a fucking headgasket. the car isn't even worth 3000

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Drives a BRZ and is building a V6 S12 coupe.

simplistek

hmm... i think it's about time to trade in that lil old 86 Mazda B2000 of ours.

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v e r t e x - u s a . c o m

irax

84 and older

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Drives a BRZ and is building a V6 S12 coupe.

BustedS13

84 or newer, actually
...aaaand the only car i have that would qualify would be my Galaxie, and that's not happening. fuck this thing

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singlecamslam

This is retarded idea. Probably put a lot of dealerships in trouble. Yea they'll give you 3500 towards a car, but probably cant pay the rest so Obama is going to get another 40000000000000000000000000000000000000000000000000 000000000 dollar bailout. Stupid.

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Nothing says racecar like a stock car with no interior.

HyperTek

u mean its gonna fuck people over... soo many people will take advantage of this without any means to continue payment on a new car

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Keep it Classy

BustedS13

exactly. this is going to cost us and then make broke people even more fucked. what a great idea.

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handinpants

I'm still annoyed that our forefathers built our nation on capitalistic views, and when some big companies made bad investments, the stronger wiser companies are supposed to take out the weaker companies by ways of survival of the fittest.

Meanwhile some jackass gets a great idea to bail out those weaker companies, wtf.
I still have massive creditcard bills for my poor decisions no body's bailing me out, I am responsible to pay back the principal plus interest.

Now we have a Buy your clunker program... For a nation who's in a recession, who claims to have no money for the elderly, no money for educational spending, we sure have a lot of money to fund stupid programs like this one, and bank bailouts.
These moron's over in DC, obama being one of them, need to pull their heads out of their asses,
Forget about the auto makers who made too many cars to sell, who can't sell and don't have a backup investment plan,
Invest into little billys education, and grandpa's diapers.

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NismOkatFreaK

^^^ Hell yes this man said it!!!

Life

Exactly. Problem with capitalism is that a purely capitalist system would be an open international trade market. That doesn't necessarily mean everyone needs to use the same system or government but until everyone is on equal footing someone will have a (perhaps unfair) advantage over other. That being said, we're buying out US companies with government money but outsourcing military parts to China. Something is wrong here?

bnr32_coupe

I have a geo metro which is relatively fuel efficient. Can i get a $2000 voucher for it?

Chad4061

my 95 v6 4runner would def. qualify...too bad it has to be traded in on for a brand new car!