tag:blogger.com,1999:blog-29777096.post7052513007821803471..comments2024-03-26T14:17:31.841-04:00Comments on Earl Stewart On Cars: CASH FOR CLUNKERS LEGISLATION IS A WASTE OF TAXPAYERS' MONEYEarl Stewarthttp://www.blogger.com/profile/11435950589034528205noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-29777096.post-9690617259848708942009-08-05T15:16:59.158-04:002009-08-05T15:16:59.158-04:00Now that we know the success of this legislation, ...Now that we know the success of this legislation, do you still believe it's a waste? Hasn't your shop seen a large increase in sales when the Clunkers was in effect, compared to this time last year?Soylenthttps://www.blogger.com/profile/13753225622029748785noreply@blogger.comtag:blogger.com,1999:blog-29777096.post-63971038150222671782009-07-19T07:24:51.374-04:002009-07-19T07:24:51.374-04:00Thanks for your input, Russ, Kelly and Ju.
Russ, ...Thanks for your input, Russ, Kelly and Ju.<br /><br />Russ, remember that a car that won't run can still be worth thousands when torn down sold for its parts. What I predict happening under this program, is dealer being "kicked back" cash by junk dealers. The junk dealer will give the dealer a written receipt for the amount allowed by the government and give him cash "under the table" for a lot more. The government/taxpayer and the customer gets no part of this extra profit. <br /><br />Kelly, I also predict that a lot of these "clunkers" will not be scrapped but exported [not to Cuba] but to South America where the registrations and VIN's can't be traced. An old car that runs is worth a lot of money in Venezuela where gas is 19 cents a gallon. <br /><br />Ju, thanks for your posting and link to your Web site. You are exactly right about how a lot of car buyers will be "baited and switched" by unscupulous car dealers using this program as cover. You warning for buyers to be especially sure that there car isn't worth more than the $3,500 or $4,500 government voucher is very important.Earl Stewarthttp://www.earlstewarttoyota.comnoreply@blogger.comtag:blogger.com,1999:blog-29777096.post-79695709256658954812009-06-25T09:40:55.539-04:002009-06-25T09:40:55.539-04:00I say we send the clunkers to Cuba - to replace al...I say we send the clunkers to Cuba - to replace all their old post-war clunkers...Kellyhttps://www.blogger.com/profile/13114505174377242462noreply@blogger.comtag:blogger.com,1999:blog-29777096.post-33571650550606686662009-06-22T15:03:09.776-04:002009-06-22T15:03:09.776-04:00Dear Karenc,
Thanks very much for your posting. T...Dear Karenc,<br /><br />Thanks very much for your posting. This is something I had not thought of and another good reason why "Cash for Clunkers" is a bad law. <br /><br />Not only does it deprive those at the lower economic strata from transportation but it's robbing money from worthy charities.Earl Stewarthttp://www.earlstewarttoyota.comnoreply@blogger.comtag:blogger.com,1999:blog-29777096.post-39194229977799363492009-06-22T14:46:09.224-04:002009-06-22T14:46:09.224-04:00Most cars that are currently donated to charity wi...Most cars that are currently donated to charity will be eligible for a voucher under the cash for clunkers program. Since the tax deduction for donating a car is only $500 or what the car sells for, charities will lose millions of dollars. A better idea is to just go back to allowing the donor to claim the book value for their car donation. This way every car is eligible, the government doesn't have to spend $4 billion on vouchers and administering a program with rules which are not enforceable! Since many of the cars donated to charity are recycled there is an environmental benefit as well!<br />Karen Campese, CEO<br />Cars4Charities<br />www.cars4charities.orgCars4Charitieshttps://www.blogger.com/profile/00645913520152716375noreply@blogger.comtag:blogger.com,1999:blog-29777096.post-39220609672037814872009-06-22T11:33:55.552-04:002009-06-22T11:33:55.552-04:00One aspect of the bill is that all vehicles that a...One aspect of the bill is that all vehicles that are used to get the credit must have their engines made unable to ever run again and so the cars will have only their value by the pound. So the only tade value will be what a scrap yard will give us dealers and any discount for a net trade.lahruhttps://www.blogger.com/profile/11239525908482280142noreply@blogger.com