A so called "Cash for Clunkers" bill is currently weaving its way through Congress, but as Bill Visnic points out on AutoObserver, its ability to stimulate car sales is still very much in question.
Why? Like so many other bills in Congrees, the Cash for Clunkers legisation is attemtping to please two different sides of the issue. In this case, it's the car industry and environmental groups. Not surprisingly, the goals conflict, and as Visnic points out, it could end up watering down the bill to the pont of complete ineffectiveness.
AutoObserver: Cash For Clunkers Legislation Eyed for Tuneup
estreka says:
05:30 PM, 05/13/09
I understand Visnic's logic, but I disagree. I think this bill, while quirky, has tremendous potential for both parties. I do agree that Congress needs to act fast. While many very well might be holding out of the purchase of a new vehicle, I imagine most folks have no idea this bill is even being proposed.
I'm curious how the bill will turn out, if at all.
stovt001 says:
08:49 PM, 05/13/09
Oh goody, more deficit spending. This won't entirely screw us over later or anything like that.
brn says:
08:01 AM, 05/14/09
In other blogs, over the last month, I've vented plenty on this subject. I'm out of steam.
I'm absolutely dumbfounded that a bill like this would pass.
armstrong2 says:
08:04 AM, 05/14/09
Can someone explain is the $4,500 voucher in addition to what you would get on a trade in or is it the payment for the trade in. If my car is worth $5,000, would I only get $4,500 or $9,500.
Thanks
jederino says:
11:00 AM, 05/14/09
No, no, no. A cash handout is no way to interfere with the used car market. This would mean that used cars would have to market for above $4,500. That's absurd.
Inexpensive used cars are an important part of a flexible economy, and they offer a lot of value over a newly constructed vehicle and all of the emissions and pollution generated by that.
I'll propose it again: why not just limit gas tank size for new vehicles? Give every vehicle 15 gallon capacity, and those serious enough to need a gas guzzler can use jerry cans. Many people do not know how to budget, and do not have a clue how much they spend on gas. However, having to fill-up every-other day will change vehicle choices.
icrnk says:
01:59 PM, 05/14/09
What if I have 2 "clunkers"? Will I get a voucher for both?