and bought a barely running 1990 cadillac.....for $500 and then took it to my Ford dealer to get the credit for my kid a car. By the time was all done....we the taxpayers picked up 25% of kids new car. And Obama and Co. think I make too much and pay too little in tax.
The government is nuts if they think this pulling clunkers off the street. People who actually drive clunkers can't qualify to get a new car loan a majority of the time.
This is just a scheme to keep the car manufacturers and union auto workers busy as they hope for a turnaround.
What a joke.
and bought a barely running 1990 cadillac.....for $500 and then took it to my Ford dealer to get the credit for my kid a car. By the time was all done....we the taxpayers picked up 25% of kids new car.
It doesn't work that way, nice try read the rules of the program!
I suppose they overlooked the insurance requirement also, unless you're in one of a couple states. I'd say it's more likely you're a liar than the dealer is an idiot. But don't worry there Dad, your kid will be paying for this multi-fold if he/she ever gets a job.
Not to be so synical, but it doesn't surprise me that dealers would "GIVE" you a rebate even you don't qualify. It may appear that you got a rebate, but you didn't, they just jacked up the price on ya, then gave you 4500.00 bucks off. Smoke and mirrors. Way to wheel and deal. lol
>>So I went to the junkyard...and bought a barely running 1990 cadillac.....for $500 and then took it to my Ford dealer to get the credit for my kid a car. By the time was all done....we the taxpayers picked up 25% of kids new car.<<
I don't think so.
The rules specifically state that you have to prove that you owned the car for a full year and prove that you had insurance on it for that year to get the cash-for-clunkers credit.
>>What a joke.<<
Yep, your story is definitely that.
Wow, you are quite the genius to see that this is benefiting the auto companies. That's the point of the program. Obama doesn't give a rats ass if Joe Six Pack has a new car. The auto companies need to clear their inventory and frankly it doesn't matter how they do it. If people want to work the system it doesn't really matter. This program is not about the consumer, its about the auto companies. That's not a bad thing, either. Auto companies can clear their inventory and fire up idled plants.
Nope, for people that try to abuse the system, they have already put conditions on this rebate. One is that you have to have proved ownership for a minimum of at least one year, preventing everyone from running out and doing what you tried to do. It has nothing to do with your income.....stop trying to take advantage of the system, play by the rules. Its why we are in the mess we are in.
Well chief...the dealership didn't care that I owned it less than 30 days. Just filed the paperwork.
If they get stiffed..then they are stupid.
Again, poor people drive clunkers...they aren't going to be buying new cars and getting loans.
Again..what a joke.