ImUrOBGYN Posted January 19, 2009 Report Share Posted January 19, 2009 Owners of old gas hogs could get upto $4,500 to have them taken off the road http://www.msnbc.msn.com/id/28663037/from/ET/wid/18298287/?gt1=45002 WASHINGTON - Congress is mulling a proposal to pay people to get rid of those old gas guzzlers sitting in their driveways. Under legislation introduced Wednesday in both the House and Senate and called the "Cash for Clunkers" program, drivers could get vouchers of up to $4,500 when they turn in their old fuel-inefficient vehicles for scrapping and buy vehicles that get good gas mileage. People could also turn in their old cars for vouchers that could be used to ride public buses and trains. The bill, said Sen. Dianne Feinstein, D-Calif., "would be an important part of helping getting America's struggling automobile industry back on its feet, and help consumers who are concerned about covering the cost of buying a more fuel-efficient vehicle." Taking gas guzzlers off the road, added Sen. Susan Collins, R-Maine, a co-sponsor, "would reduce our dependence on foreign oil, decrease greenhouse gas emissions and stimulate the economy." The bill envisions the program operating for four years and encouraging the retirement of up to one million vehicles a year, saving between 40,000 and 80,000 barrels of motor fuel a day by the end of the fourth year. Drivers would be eligible for reimbursement for purchase of a new or used vehicle with a fuel economy rating that exceeds federal targets for that class of vehicle by at least 25 percent. The vehicle must have a manufacturer suggested retail price of less than $45,000 and be a model year 2004 or later. 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. In the first year of the program, a person trading in a vehicle that is model year 2002 and later would be eligible to receive $4,500 for purchase of a new vehicle, $3,000 for purchase of a used vehicle or $3,000 for transit fare credit. For model year vehicles 1999 to 2001, drivers would get $3,000 for the purchase of a new vehicle. Those who trade in vehicles that came out in 1998 or before could get a credit of $2,000 for a new vehicle. "This is an even better trade-in offer than they could get from any car dealership," said Sen. Charles Schumer, D-N.Y., also a co-sponsor. A person could obtain no more than one voucher in any three-year period. Dealers and scrap recycling companies could also get payments of $50 per vehicle. Initial estimates set the cost of the program between $1 billion and $2 billion a year. Quote Link to comment Share on other sites More sharing options...
sol740 Posted January 19, 2009 Report Share Posted January 19, 2009 Time to buy a POS that barely meets requirements. Quote Link to comment Share on other sites More sharing options...
Akula Posted January 19, 2009 Report Share Posted January 19, 2009 In Sweden there is a tax if you want to drive a car older than 5 years, in the US we want to pay you for it. Quote Link to comment Share on other sites More sharing options...
Lustalbert Posted January 19, 2009 Report Share Posted January 19, 2009 Seems every other time the Gov't has fiddled with the free market, it has worked well with no waste. Quote Link to comment Share on other sites More sharing options...
Mattsn2o281 Posted January 20, 2009 Report Share Posted January 20, 2009 Lol.... Quote Link to comment Share on other sites More sharing options...
copperhead Posted January 20, 2009 Report Share Posted January 20, 2009 Say goodbye to irreplaceable classics in barns Quote Link to comment Share on other sites More sharing options...
SpaceGhost Posted January 20, 2009 Report Share Posted January 20, 2009 Say goodbye to irreplaceable classics in barns Irreplaceable classics in barns are worth more that $4500........ Quote Link to comment Share on other sites More sharing options...
Zach1647545520 Posted January 20, 2009 Report Share Posted January 20, 2009 Who didn't see something like this coming... Let the Phase out begin. Quote Link to comment Share on other sites More sharing options...
Ry_Trapp01647545522 Posted January 20, 2009 Report Share Posted January 20, 2009 i thought the democrats were for the good of the poor? wont be many cheap beaters left if this shit gets passed. SEMA is fighting this hardcore, keep flooding my e-mail with messages about it. Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted January 20, 2009 Report Share Posted January 20, 2009 Seriously, what vehicle made in 2002 (or later) that got less than 18 MPG is worth less than $4500 trade in? I guess some super high mileage truck. Quote Link to comment Share on other sites More sharing options...
copperhead Posted January 20, 2009 Report Share Posted January 20, 2009 i thought the democrats were for the good of the poor? LOL Quote Link to comment Share on other sites More sharing options...
Dr. Apex Posted January 20, 2009 Report Share Posted January 20, 2009 If it happens it will be time to trade in the Pathy if it was rated under 18, dunno for sure. Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted January 20, 2009 Report Share Posted January 20, 2009 The bill, said Sen. Dianne Feinstein, D-Calif., "would be an important part of helping getting America's struggling automobile industry back on its feet, and help consumers who are concerned about covering the cost of buying a more fuel-efficient vehicle." I'll get another Ram. 11MPG < 13MPG Quote Link to comment Share on other sites More sharing options...
Ry_Trapp01647545522 Posted January 20, 2009 Report Share Posted January 20, 2009 (edited) oh darn. missed the MPG part. oh well, my original point still stands. increase in the value of pickup trucks because of this crap now? Edited January 20, 2009 by Ry_Trapp0 Quote Link to comment Share on other sites More sharing options...
supldys Posted January 20, 2009 Report Share Posted January 20, 2009 of course california would come up with this. I thought that state was supposed to drift off to sea by now Quote Link to comment Share on other sites More sharing options...
gillbot Posted January 20, 2009 Report Share Posted January 20, 2009 In the first year of the program, a person trading in a vehicle that is model year 2002 and later would be eligible to receive $4,500 for purchase of a new vehicle, $3,000 for purchase of a used vehicle or $3,000 for transit fare credit. For model year vehicles 1999 to 2001, drivers would get $3,000 for the purchase of a new vehicle. Those who trade in vehicles that came out in 1998 or before could get a credit of $2,000 for a new vehicle. You'd think they'd give more $ for older vehicles to encourage people to dump them. Quote Link to comment Share on other sites More sharing options...
ImUrOBGYN Posted January 20, 2009 Author Report Share Posted January 20, 2009 You'd think they'd give more $ for older vehicles to encourage people to dump them. Yeah. I feel like the money they're offering for older cars would only cover something that probably isn't running, anyway. Now, you're just overpaying for scrap. Quote Link to comment Share on other sites More sharing options...
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