"Cash for Clunkers"

[Casper]

http://www.msnbc.msn.com/id/28663037/from/ET/wid/18298287/?gt1=45002

[f4isvt]

interesting my buddy has a truck that gets 7 miles to the gallon but i doubt 4500 is enough for him to get rid of it.

[jagr]

I thought this would be for Buells.

[Disclaimer]

@ jagr

Interesting stuff

[Casper]

I thought this would be for Buells.

[Blitzburgh]

The vehicles turned in must be drivable, registered in the United States and have a when-new fuel economy rating of less than 18 miles per gallon.

some looking and I found this..

The U.S. fleet of light-duty vehicles consists of cars and light trucks, including minivans, sport utility vehicles (SUVs) and trucks with gross vehicle weight less than 8,500 pounds. The fuel economy of light-duty vehicles is regulated by the CAFE standards set by NHTSA. Currently, the CAFE standard is 27.5 miles per gallon (mpg) for cars and 20.7 mpg for light trucks. The most recent increase in the CAFE standard for cars was in 1990, and the most recent increase in the CAFE standard for light trucks was in 1996.

http://www.eia.doe.gov/oiaf/aeo/otheranalysis/aeo_2005analysispapers/feldvf.html

So explain to me how anybody is going to be able to trade in a vehicle? Am I missing something here?

[HellBender]

this is stupid and will never work.

[kawi kid]

damn 18 mpg that means my intrepid wont fit the requirements

[Disclaimer]

OK, it's dead...

http://www.freep.com/article/20090206/BUSINESS01/902060393/1014/Plan+to+give+$10+000+for+old+cars+is+pulled

WASHINGTON -- Backers of a plan to give owners of old vehicles $10,000 toward buying a new, more fuel-efficient model withdrew their plan Thursday evening in the face of growing concerns about the size of a $900-billion stimulus plan and objections from automakers.

The proposal would have required that any new vehicles bought with the money be built in the United States, which foreign automakers said Thursday would violate international trade agreements.

Under the plan crafted by Sen. Debbie Stabenow, D-Mich., and Sen. Tom Harkin, D-Iowa, any vehicle at least 10 years old could be traded in for $10,000. Owners would have to have family income of less than $75,000 a year, own fewer than three vehicles and have owned the vehicle they're trading in before Jan. 16.

Buyers would have to choose from new cars that get at least 25 miles per gallon and trucks that get at least 20 m.p.g., and the new model would have to get at least 5 m.p.g. better than the old vehicle.

Harkin said while he strongly believes "we need a strong auto industry in this country," he was withdrawing the proposal from the debate over the stimulus plan. Senate negotiators were to reconvene this morning in hopes of passing a compromise on the bill. The bill set aside $16 billion for the trade-in plan, good enough for 1.6 million vehicles.

While automakers and dealers are anxious for help in the face of the worst sales in nearly three decades, the industry had concerns. New car dealers would have had to float buyers the $10,000 until it was paid by the Treasury -- a tough hurdle in a time of tight credit.

Foreign automakers said the U.S.-made provision violated the North American Free Trade Agreement; it also would have allowed several models from foreign automakers while blocking vehicles made by Detroit automakers in Canada and Mexico.

"Any relief for consumers during these economic times should apply to all new vehicles for sale in the U.S., not just those assembled here," said Cody Lusk, president of the American International Auto Dealers Association.

Three other senators have proposed a more modest cash-for-clunkers plan that would offer owners of models that get less than 18 m.p.g. vouchers of up to $4,500 toward a new vehicle. That plan has been opposed by the UAW, which says it would favor foreign brands.

[Casper]

Boooo!!!