Honestly, as i said before, I think the program will be a giant fail simply because very few people driving $500 cars can afford to buy brand new vehicles, even with the voucher money off.
The link is down again. Can my company participate in this or is it only personal vehicles? We have a 1996 Dodge Ram that is worth very little, maybe I will buy the cheapest car I can find and trade the Dodge in. lol First I need to find some bald tires, I think the tires are worth more than the truck.lol
Post #46… link is working just fine.
shit, you know what sucks? I JUST transferred the car out of my dad’s name and into mine. So basically I would have to wait an entire year…balls
Yup I’ve been looking for the last week or so for a mid 80’s Monte,regal,etc or something I wouldn’t actually mind driving that much to keep miles off the new truck.All else fails I’ll pick up an 86K-5 blazer or something like that and just use it as an off road vehicle or park it at the plaza.I do realize it’s a risk but the 3-400 it would cost me in ins and reg fees I could tenfold that into $4K so it is at least worth the risk.I guess in Texas they did this program for 18mos. so hopefully they would extend it.
I guess time will tell.
Get an old free candy van and use it as a giant advertisement in your plaza, i’ve seen a lot of places do that
That looks so ghetto though. I try to avoid spending any money at places that do the ghetto billboard thing just out of principle.
Maybe it is my computer but, I can’t read the bill. Does anyone know off hand if corporations are eligible?
I could buy a hybrid with the truck trade, get the hybrid tax credit, sell it and profit. lol
Someone keep a running list of how many people here on NYSpeed actually use this.
I’m going to guess there are three types of people who will do this.
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Kids getting out of college who get a real job and trade in their beater for a good car now that they can afford one.
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People with money to play with not afraid of investing $200 to save/make $3500+
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Poor people who trade in their beaters because they either a) think they can afford the car, but can’t and it gets reposed or b) poor people who buy a new car to flip it trying to make a quick buck.
Edit: I hope it is #3 done in massive amounts, thus driving car prices even lower, causing the rest of the car manufacturers to go out of business.
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.
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.
But if they’re car cheap like that I’d guess they’re much rather buy a new used car than a brand new car. I guess we’ll see if this ever passes.
bump
Anyone do this yet? Anyone know of anyone who’s done this?
It’s all over the radio. Seems like a lot of dealerships are plugging it.
And there was something on the radio yesterday that I caught briefly about local dealerships charging tax on the price of a car BEFORE accounting for the clunker deduction, which is the incorrect way to calculate the tax and leaves you paying more. So pay attention!
Are you sure that’s not the way they’re supposed to calculate the tax? I brought this up earlier in the thread and reading the actual bill it sounded like the “clunker funds” were to be treated as a down payment not a trade in, meaning you would be taxed on the full value. I haven’t seen anything that would suggest otherwise.
When I callled West Herr for service the answering message first asked if I was calling about cash for clunkers, they must be getting a lot of calls/questions.
Sidenote: luckily the airbag, u joint and wheel bearing were covered under warranty so I only had to pay another $500 in repairs/service. I will never buy another Nissan. I have put over $2000 into that Xterra(new 3.5 years ago). Maybe I can get cash for clunkers. Should have bought an Audi. lol
It was just a quick thing I heard on the radio that seemed to make sense; Why would you be paying sales tax on money that you never touched and that goes straight to the dealership from the government? It’s a government rebate to the dealer, not a dealer rebate to the consumer.
But I searched a bit:
According to Edmonds the way the tax is calculated is different from state to state: “Also, keep in mind that the sales tax is now deductible. And the way the new car will be taxed (either on the total or the difference between the new car and trade-in) will vary from state to state.”
And an obscure post from someone on staff at Consumer Reports says: “The consumer does not wait for the benefit. So, it acts like a trade-in.”
Maybe in NYS you’re supposed to? After searching I can’t really find an answer specific to NYS.
A few sites have said you can deduct this sales tax on your federal tax return… but that only works for people not in the low income tax bracket.
But none of this really matters since I don’t think many people are actually using this program anyway. 
Yeah, I think dealers are using it to get people in the door, but I think a lot of them are coming in with the idea that they get a $4500 credit plus their trade in value, not a $4500 credit instead of their trade in value.
I just don’t see “poorer” people (those who would more likely own a ‘clunker’) jumping to buy new cars in the middle of a “recession” even with this incentive.
Well the program ends November 1st, or when the funds are exhausted… so we’ll see.
What, you mean most people driving $500 beaters can’t afford 300+ a month for a new car and the full coverage insurance on that car? The plane takes off man… anything is possible. :lol: