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Cash for clunkers
I hear the German gov has done it earlier this year along with one or two other governments over there.
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Cash for clunkers
I haven't done any research or know anyone that has taken advantage of the program. Since I'm close to the automotive fire so to speak, the news has been touting the aspect of creating some jobs from it, which is a Godsend here.
(My thinking leans toward global economy--good or bad--it's a reality we have to live with)
The other aspects touted locally are perhaps the unintended or collateral damage: scrap yards and separately used parts recyclers. Supposedly those certified clunkers cannot be resold and redriven. So their engines have to be removed and melted down. This is suppose to drive the cost of steel up according to the media. I don't see it. In fact, their will be glut of engine-type steel and aluminmum which drive costs down---unless things flip and there will be new demand for raw materials based on cars selling faster than they can be made. And potentailly there will be a glut of engineless cars that ultimately will have to be crushed since there will be less running cars to repair.
Frank mentioned foreign car makers taking their profits back with them. Not sure that's really accurate on the face of it for several reasons:
- Those cars that are built here use OUR people--jobs.
- They pay property taxes on plants and equipment HERE.
- They use OUR rail, air and trucking systems--jobs.
- They use some of the same parts makers as domestics.
However, even our domestic makers don't necessarily build their cars and trucks here--my last three Dodges were made in Mexico.
I'm jis' sayin'
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Cash for clunkers
Frank, of course they take a part of their profits--this is business, not charity  .
Continue? We don't have a choice. It's called "protectionism". And laws won't change it--other countries (as do we) cry foul when we tell them we won't allow their goods here. It's politics. It's bigger than me, and I'm not an economist--I just play in the dirt.
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Cash for clunkers
Frank, there many conditions for cfc. They have to be less than 25 years old, be owned by that person and insured for at least one year prior. Trade In has nothing to do with it----my buddy has a new recycling yard. He buys cars from dealers for $300 each. He said last year he recycled 1200 cars. This year---a little more than half way----he's done that many and more. Google cash for clunkers eligible and you'll see the rules. 6-8 for paperwork---bs. I hear it takes 45 min to an hour. I hear it takes hours to get a gov't response for approval.
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Cash for clunkers
I'm not saying they're liars--maybe 'zaggerating it A LOT. They couldn't stay in business. PLUS, if I used your buddys' calculations that would make it impossible to explain the 280,000 cars already sold---that would be about 200,000 DAYS.
You're a fart smeller---ahmean...smart feller...think about it Frank: If a dealership has 5 salespeople--that means they're only selling 5-6 cars a day? I don't believe it. Or maybe it's like when my FORMER computer place charged me three hours to download and copy my stuff to another computer--all they did was plug in ONE cable, press a few keys and walk away---then go do the same to bunch of other customers .
Maybe your hearing aid was going dead and...
Gimme a hug now!
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