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AutoBlog: Automotive Stimulus Plan offers incentive aimed at Cash for Clunkers rejects

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Filed under: Car Buying

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Have you experienced the crushing disappointment of arriving at your local dealer all ready to plunk down some hard earned income for a new car thanks to the government's Cash for Clunkers program, only to find out that your trade-in, which you thought was a clunker, really isn't? Chances are you have, as only 10-15% of car owners actually qualify for C4C.

A group of 40 privately funded car and truck dealers from around the country have banded together to pick up the government's slack and service all of those car owners who aren't eligible for C4C. And unlike the government's program, their definition of a "clunker" covers pretty much anything.

They call it the Automotive Stimulus Program, and will basically give you a trade-in credit ranging anywhere from $500 to a government-matching $4,500. Your particular rebate will vary depending on the value of your trade-in and how much more fuel efficient your new car is, but Kicking Tires reports that a 2 mpg improvement between your old and new car should net you a 10% bonus on your trade-in, while a 5 mpg bump earns a 20% bump. So if you're trade-in is worth $10,000 and the new car you purchase is 5 mpg more efficient, you'll receive a credit of $2,000 on top of your trade-in value. Even better, the Stimulus Plan lets you choose leasing or buying a certified pre-owned vehicles in addition to buying a brand new car.

The rules are pretty simple (at least simpler than Uncle Sam's): Your trade-in vehicle must be a 2006 model or older, in operating condition, registered in your name for at least six months and the new car has to be at least 2 mpg more efficient. That's it. And the good thing, at least from our car compassionate perspective, is that your trade-in won't be destroyed, but rather resold on the dealer's used car lot.

[source: Automotive Stimulus Plan via Kicking Tires]

Automotive Stimulus Plan offers incentive aimed at Cash for Clunkers rejects originally appeared on Autoblog on Fri, 14 Aug 2009 16:00:00 EST. Please see our terms for use of feeds.

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And the good thing, at least from our car compassionate perspective, is that your trade-in won't be destroyed, but rather resold on the dealer's used car lot.

I like that part.

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This is what the government should have done, but was too stupid to do.

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This is what the government should have done, but was too stupid to do.

If you're designing a program intending to get gas guzzlers off the road and get drivers into newer, more efficient, cleaner cars, why in gods name would you allow the dealers to re-sell the guzzlers?

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If you're designing a program intending to get gas guzzlers off the road and get drivers into newer, more efficient, cleaner cars, why in gods name would you allow the dealers to re-sell the guzzlers?

Trickle-down gas guzzling. The cars that C4C are pulling in are in pretty good shape... if C4C cars were offered back to the public, it would water down the used car market some and they would get out of their 15 mpg poorly maintained cars.

C4C will fail because they are removing the name 'bracketl' of car form the used car market. So people who need to trade out of REAL gas guzzlers (like a 20 year old Cavalier with scored rings getting 10 mpg) will have to delay that upgrade for another couple years.

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So, in other words, they're promising to give you more on your trade-in.

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C4C will fail because they are removing the name 'bracketl' of car form the used car market. So people who need to trade out of REAL gas guzzlers (like a 20 year old Cavalier with scored rings getting 10 mpg) will have to delay that upgrade for another couple years.

Cars like that are phasing themselves out...

This is just dealership incentives, but made to play on the C4C program hype.

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Cars like that are phasing themselves out...

Not really. Seriously screwed cars can limp along for years on band-aids. I had broke friends do it. And when the car finally dies for good... since they need a larger car, can't use the bus and can't afford anything better... they will be dragging guzzlers out of the woods. It'll be like Cuba.

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