# Cash for clunkers passed: $3000-$5000 Credit

**URL:** <https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252>\
**Category:** NYSpeed Off Topic\
**Created:** [June 16, 2009, 3:16pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252 "2009-06-16T15:16:42Z")\
**Posts on this page:** 20\
**Page:** 6

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**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\
**Post date:** [July 22, 2009, 8:25am UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/101 "2009-07-22T08:25:12Z")

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> [@JayS](#):
>
> If this turns into the next “mortgage crisis” because yet another government program got stupid poor people to buy shit they couldn’t afford, and they then turn around and blame the banks and government for giving them the loans I’m going to stab someone.

LoL

> [@Joe](#):
>
> There reallly are a bunch of cheap fucks with money out there who buy their cars and drive them into the ground. I know several with $250k plus houses and $2500 or less cars. Call them the anti-Newmans.

I’m rebuilding my fiancee’s 2006 crown victoria, which will net me a total of less then $2500. I will probably drive that into the ground and keep the M3 and C5 in the garage of my 200+K house which I’ll be buying in the next few months.

I just don’t care about a daily I guess.

I spent more on my fiancee’s car then the M3 and Crown combined. The price of my fiancee’s truck was actually only $3500 less then what I paid for the corvette.

Once I’m done with the crown victoria, it will be cheaper then the heads on the corvette! LoL

Once I buy the fiancee a new truck in ~2-3 years that truck’s price will be higher then the price of the Colorado+M3+Crown+C5. :lol:

(Which I’ll still keep them all, ha)

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [July 22, 2009, 8:44am UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/102 "2009-07-22T08:44:33Z")

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[http://finance.yahoo.com/news/Chrysler-to-match-cash-for-apf-1362905985.html?x=0](http://finance.yahoo.com/news/Chrysler-to-match-cash-for-apf-1362905985.html?x=0)

hmm, interesting. Chrysler is now willing to match cash for clunkers if you buy one of their cars and trucks. $9000 off for people who are eligible, plus whatever you can haggle out of the dealer, is getting into serious deal range.

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**Author:** ![BigEd88](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/biged88/32/5064_2.png) [@BigEd88](https://forums.speedlife.net/u/BigEd88)\
**Post date:** [July 22, 2009, 3:37pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/103 "2009-07-22T15:37:57Z")

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so I have a 98 Deville, I want to trade it in towards the purchase of a pickup. Would I get the 3500? Or nice dice?

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**Author:** ![RobtC](https://avatars.discourse-cdn.com/v4/letter/r/51bf81/32.png) [@RobtC](https://forums.speedlife.net/u/RobtC)\
**Post date:** [July 22, 2009, 5:58pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/104 "2009-07-22T17:58:27Z")

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one thing i haven’t been able to find an answer to is if you owned a truck, can you use the rebate towards a car or does it have to be a truck/suv again?

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**Author:** ![DougFresh](https://avatars.discourse-cdn.com/v4/letter/d/eada6e/32.png) [@DougFresh](https://forums.speedlife.net/u/DougFresh)\
**Post date:** [July 30, 2009, 6:14pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/105 "2009-07-30T18:14:14Z")

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Cash for Clunkers… Suspended

[http://finance.yahoo.com/news/AP-sources-Govt-to-suspend-apf-3529110957.html?x=0&sec=topStories&pos=1&asset=&ccode=](http://finance.yahoo.com/news/AP-sources-Govt-to-suspend-apf-3529110957.html?x=0&sec=topStories&pos=1&asset=&ccode=)

Sooner than I thought…

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**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\
**Post date:** [July 30, 2009, 6:19pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/106 "2009-07-30T18:19:18Z")

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Hmm I wonder how upset ppl in the process of doing this will be

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**Author:** ![vt1992s10](https://avatars.discourse-cdn.com/v4/letter/v/73ab20/32.png) [@vt1992s10](https://forums.speedlife.net/u/vt1992s10)\
**Post date:** [July 30, 2009, 6:22pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/107 "2009-07-30T18:22:31Z")

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we have 20ish cars at the dealership I work at in Vermont, they were estimating end of September before…

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**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\
**Post date:** [July 30, 2009, 7:34pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/108 "2009-07-30T19:34:16Z")

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Sounds like its out of money…

[http://www.wgrz.com/news/local/story.aspx?storyid=69060&catid=37](http://www.wgrz.com/news/local/story.aspx?storyid=69060&catid=37)

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**Author:** ![TMAN1985](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tman1985/32/5408_2.png) [@TMAN1985](https://forums.speedlife.net/u/TMAN1985)\
**Post date:** [July 30, 2009, 7:37pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/109 "2009-07-30T19:37:22Z")

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That sucks, my brother was just about to do it. ☹

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**Author:** ![airhead](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/airhead/32/7471_2.png) [@airhead](https://forums.speedlife.net/u/airhead)\
**Post date:** [July 30, 2009, 7:45pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/110 "2009-07-30T19:45:27Z")

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My uncle is going to be pissed. He was going to trade in his 7-year old Mountaineer since the transmission is going and the brake pedal just went to the floor among many other things. Big surprise that he wasn’t going with another Ford product.

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**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\
**Post date:** [July 30, 2009, 7:59pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/111 "2009-07-30T19:59:51Z")

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Makes me wonder overall what good C4C really is, if the program’s suspended after only 22.7k cars are purchased with it. I mean, the market’s down **7 Million cars/year** from two years ago.

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**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\
**Post date:** [July 30, 2009, 8:00pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/112 "2009-07-30T20:00:39Z")

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It’s not out of money, the Gov just can’t process it fast enough and now has a backlog so big that if they processed all the transactions already waiting that it _could_ use up all of the allocated money.

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**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\
**Post date:** [July 30, 2009, 8:25pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/113 "2009-07-30T20:25:16Z")

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I heard the average rebate they’ve been processing so far is around $4200. Multiply that out by 22,700, and you get about $95.3M, or about 10% of the allocated funds. Now not all $1B will get spent on the rebates, as “administrative costs” have to be taken out - including payments to dealers to disable the cars, etc.

Therefore, the ultimate boost to the auto market would be approximately 230k cars - again, nice, but not enough of a dent in a market that’s lost **30 times that** in sales volume over the past year.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [July 30, 2009, 8:43pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/114 "2009-07-30T20:43:43Z")

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well, at least the people who said it wouldnt get used are being proven wrong…

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**Author:** ![Trkbossls](https://avatars.discourse-cdn.com/v4/letter/t/5f8ce5/32.png) [@Trkbossls](https://forums.speedlife.net/u/Trkbossls)\
**Post date:** [July 30, 2009, 9:27pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/115 "2009-07-30T21:27:48Z")

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We where trying to process deals all day today…the server for this is super slow so i think its just down for awhile to revise the servers…Also we had to destroy the drivetrains in the cars coming in…Its super funny watching the motors seize in all these cars by draining the oil and then putting in liquid glass haha

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**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\
**Post date:** [July 30, 2009, 9:37pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/116 "2009-07-30T21:37:02Z")

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This program sucks. There is so much red tape, a lot of people aren’t qualifying. Either way, Chuck is right. It’s awesome watching the Clunker Bomb work.

Not to mention the empty Gambino lot we have next door has turned into a race track. :snky:

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**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\
**Post date:** [July 30, 2009, 9:43pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/117 "2009-07-30T21:43:05Z")

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lol I had convinced 2 peple to do this next week.guess that is out

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**Author:** ![JDMSIR](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jdmsir/32/7376_2.png) [@JDMSIR](https://forums.speedlife.net/u/JDMSIR)\
**Post date:** [July 30, 2009, 10:49pm UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/118 "2009-07-30T22:49:51Z")

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I went to go get a 2009 Crv ex-l with navi today and they didnt have black on black so I thought I would go out tomorrow and get one from somewhere else, when I got home I found out it was suspended. WTF. I guess the gov. might throw out another 4billion though so we will see.

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [July 31, 2009, 4:41am UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/119 "2009-07-31T04:41:22Z")

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> [@Joe](#):
>
> well, at least the people who said it wouldnt get used are being proven wrong…

I’ll admit I’m shocked how many people used it. Though when they originally pitched it none of us considered that Chrysler would jump in and DOUBLE the clunker cash. Everyone I’ve personally heard of locally who’s done this (4 people) all went Chrysler. It will be interesting to see what the numbers look like when the government finally catches up.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [July 31, 2009, 5:35am UTC](https://forums.speedlife.net/t/cash-for-clunkers-passed-3000-5000-credit/69252/120 "2009-07-31T05:35:01Z")

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if they would have known there would be this much demand they could have done it in its original form, which said you had to buy American.

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