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6/22/09 8:54pm - Original Message: 'Cash For Clunkers'
manget1 Lifetime Member
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Indianapolis, IN - USA

Vette(s):
Silver 1974 Convertible - L82 4 speed Low miles (was only 8,900 when I bought it in March 2006) - Now 42K miles. Original owner bought it as an investment for son's college expenses. 2008 Jetstream Blue Convertible - DAILY DRIVER!!

Joined: 9/3/2006
Posts: 2382
Does anyone know the full details about this new law, or where I can find the full explanation?  If what I've read is correct, I could trade in my '97 Dodge Ram on an '09 Corvette and get $3500!!  I can't see any way I would get that much $ for it otherwise?  According to a site I checked, the truck gets an average of 13 mpg rating (that's high) and the Vette gets 18.  What I saw said that 4mpg or greater gets you $3500, 10mpg or greater difference between new and old gets you $4500.
 
Interested to hear what anyone has on this.


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I wanted a Corvette my whole life, but I never dreamed of all the wonderful people I would meet because of it!

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6/22/09 10:54pm - Reply: 'Cash For Clunkers'
ranger3 Lifetime Member
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North Charleston, SC - USA

Vette(s):
1975 L48 AT AC T-top

Joined: 3/20/2004
Posts: 4176
You are correct. There is a caveat that states that the "clunker" has to have been registered and driven during the previous year. The government does an electronic transfer to the selling dealership. The buyer does not ever get the money. So the 3500.00 or 4500.00 goes toward the purchase of the new vehicle. The traded vehicle must go to a salvage yard to disable the engine and drive train. The remainder of the vehicle can be sold for parts by the salvage yard. You can also get the additional tax credit of you trade for a hybrid.
Scott


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6/22/09 11:28pm - Reply: 'Cash For Clunkers'
Adams' Apple Lifetime Member
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Duncanville, TX - USA

Vette(s):
#1-1974 L-48 4spd Cp Med Red Metallic/Black deluxe int w/AC/tilt/tele./p/w-p/b/ Am-Fm/map light National/Regional/Chapter NCRS "Top Flight" #2-1985 Bright Red/Carmine Cp.L-98/auto Member: NCRS, NCRS Texas, Corvette Legends of Texas

Joined: 11/8/2003
Posts: 19447
The original bill held that the trade-in vehicle would be crushed...period...no parts salvage, nada...Thumbs Down
The "Cash-for-Clunkers" bill is BAD for the old/vintage/antique car hobby, no matter HOW they word it.
I haven't gotten thru all of the "newest" version that passed, but it is a little better than originally planned....it's still not good for us, as enthusiasts, or for the repair business....


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Joel Adams
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"Money can't buy happiness -- but somehow it's more comforting to cry in a CORVETTE than in a Kia"
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6/23/09 5:38am - Reply: 'Cash For Clunkers'
manget1 Lifetime Member
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Indianapolis, IN - USA

Vette(s):
Silver 1974 Convertible - L82 4 speed Low miles (was only 8,900 when I bought it in March 2006) - Now 42K miles. Original owner bought it as an investment for son's college expenses. 2008 Jetstream Blue Convertible - DAILY DRIVER!!

Joined: 9/3/2006
Posts: 2382
I had thought I heard something about a mileage limit on the vehicle being turned in to be crushed.  Also, it sounds like I could pull parts off of the truck as long as it still runs.  With 263K miles, one part I know I want would be the speedometer/odometer!!

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6/23/09 8:13am - Reply: 'Cash For Clunkers'
tuxblacray Lifetime Member
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Greensburg, IN - USA

Vette(s):
Previous: 1984 Silver / Charcoal Coupe, 1988 Maroon Coupe / 1989 Artic White / Mod. Red Int. Coupe, Present:1976 Stingray Black / Black, Auto, 350 slightly modified (355 hp) Luxor Wires Redline Tires. / 2001 Speedway White Vert, Torch Red Int, LS1, Auto.

Joined: 9/24/2003
Posts: 5174
Man I hate that I'm in the market for a clunker too..... but not for $3500.00.

Shesh GW (Good Will) is gonna have a hard time competing with that!

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Tuxblacray: She's Back In Black! Check out my pics @ My Link


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6/23/09 10:57am - Reply: 'Cash For Clunkers'
71Shark
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Edmond, OK - USA

Vette(s):
1971 Brands Hatch Green L48 Coupe Automatic Driver - restored 1995

Joined: 7/13/2006
Posts: 400
This kind of stuff is starting to pi** me off!!

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6/23/09 1:32pm - Reply: 'Cash For Clunkers'
vettedreams79 Lifetime Member
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Grand Blanc, MI - USA

Vette(s):
1979, 350sb, as my kids affectionately call it "shit brown" Corvette purchased in 1996. 84,000+ miles. Not a show car, but I love her just the same.

Joined: 8/7/2002
Posts: 544
The "law" also limits the "clunkers" to 1984 and up.  Last i had heard the car had to be scrapped and couldn't be parted out, but then again my local news agency probably doesn't think this line of inquiry is news-worthy enough for their audience.  I know Haggerty sent out something a while back on this but i have a bad case of CRS so I could be wrong.

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Mark 1979 Dark Brown Metallic L-48
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6/23/09 1:34pm - Reply: 'Cash For Clunkers'
Adams' Apple Lifetime Member
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Duncanville, TX - USA

Vette(s):
#1-1974 L-48 4spd Cp Med Red Metallic/Black deluxe int w/AC/tilt/tele./p/w-p/b/ Am-Fm/map light National/Regional/Chapter NCRS "Top Flight" #2-1985 Bright Red/Carmine Cp.L-98/auto Member: NCRS, NCRS Texas, Corvette Legends of Texas

Joined: 11/8/2003
Posts: 19447
It's been ing me off for several years now....
Dallas has also been trying for several years to enact city ordinances concerning how many vehicles you can own, and where you can store them. Even if you park the car in the back yard, with a 10' wood fence, if it is visible to anyone, they can haul it off with NO notification. They're still attempting to shove this one down our throats.
The clunker bill was originally intended to get the older cars(ours!!!) off the road, siting excessive emissions/safety concerns. What they failed to recognize was the fact that most of the cars like ours, and others, were rarely driven on a daily basis, are more well kept than most NEW cars are, and are always worth more than the silly "vouchers" they promise for trading them in.... Friggin politicians....(and the insurance yeah-whos)....


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Joel Adams
C3VR Lifetime Member #56    
My Link


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             NCRS

"Money can't buy happiness -- but somehow it's more comforting to cry in a CORVETTE than in a Kia"
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6/24/09 1:10am - Reply: 'Cash For Clunkers'
suncountry Lifetime Member
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Moses Lake, WA - USA

Vette(s):
1976 L48 4-spd, Mahogany Metalic exterior, Buckskin interior 350ci/350hp, 3rd owner, fiberglass spring, 255/50-16's Torq-Thrust II

Joined: 4/16/2005
Posts: 2134
I have a clunker, 1996 Ford Aerostar thats worth about $500 which I had bought new. Still runs good but beat up a bit from my kids and Julia. I though about taking advantage of the bill but even at a $4500 savings I still can't justify spending $30K plus on a new car. I perfer to buy a 2 to 3 year old, low mileage car so I don't take the big depreciation hit. So I guess the clunker will be our winter beater and back-up vehicleBig smile.

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C3VR Lifetime Member #110 We are all young at heart Glen
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6/24/09 7:46am - Reply: 'Cash For Clunkers'
vettedreams79 Lifetime Member
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Grand Blanc, MI - USA

Vette(s):
1979, 350sb, as my kids affectionately call it "shit brown" Corvette purchased in 1996. 84,000+ miles. Not a show car, but I love her just the same.

Joined: 8/7/2002
Posts: 544
Suncountry has hit it on the head, I think.  Feds want us to trade in our clunkers (bought and paid for) for $4500, but stipulate that we must purchase a new car, and new car prices for anything that is worth purchasing are outrageous!  Now, if they said trade in your clunker for a quality used vehicle that gets better than 22 MPG, then I could see being able to do that.  Not only would the payments be a lot less than for a new car, but I might even be able to scrape up the extra cash to cover the difference and remain with no car payment.  You would think after the debacle that has caused our current recession that the Feds would not want a bunch of people overextending their credit again so soon.  I just don't get it, period.  I would rather drive my clunker 12-15 MPG vehicle than be saddled with a monthly payment.  I win out in the long run since I only drive about 20 miles a day.

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Mark 1979 Dark Brown Metallic L-48
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6/24/09 11:51am - Reply: 'Cash For Clunkers'
manchestershark Lifetime Member
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Equinunk, PA - USA

Vette(s):
1972 conv, 4-speed, 350, 200hp, numbers match, rally wheels, war bonnett yellow w/white top. good condition, nice driver.

Joined: 10/31/2007
Posts: 1895
Ouch The car you are driving NOW is  the LEAST expensive car you will ever own. All it costs is gas and yearly fees.  Keep what you have and run it till it is dead. 

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6/24/09 10:15pm - Reply: 'Cash For Clunkers'
suncountry Lifetime Member
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Moses Lake, WA - USA

Vette(s):
1976 L48 4-spd, Mahogany Metalic exterior, Buckskin interior 350ci/350hp, 3rd owner, fiberglass spring, 255/50-16's Torq-Thrust II

Joined: 4/16/2005
Posts: 2134
[QUOTE=manchestershark]Ouch The car you are driving NOW is  the LEAST expensive car you will ever own. All it costs is gas and yearly fees.  Keep what you have and run it till it is dead.  [/QUOTE]
 
With Julia's dad in poor health (not much time left here on earth) she is making frequent runs to Portland OR (5-1/2 hr run through the mountains) with the van. I would perfer she has a newer vehicle. Our BMW (bought used) was totaled in January by an idiot (driving way to fast 50+ in a 35). So the van is being used to teach our son to drive and hall our 2 shepards around. My plan is to run it until the engine or other expensive item goes.
 
Right now my spare cash goes to my daughters college so no big car payments for meWink. Still need to be able to fund the retirement account.
suncountry2009-06-24 19:18:58

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C3VR Lifetime Member #110 We are all young at heart Glen
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6/26/09 10:35pm - Reply: 'Cash For Clunkers'
manget1 Lifetime Member
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Indianapolis, IN - USA

Vette(s):
Silver 1974 Convertible - L82 4 speed Low miles (was only 8,900 when I bought it in March 2006) - Now 42K miles. Original owner bought it as an investment for son's college expenses. 2008 Jetstream Blue Convertible - DAILY DRIVER!!

Joined: 9/3/2006
Posts: 2382
I found the official web site (www.cars.gov).  Bad news.  The MSRP of the new car you buy must be less than $45K.  That leaves out the C6.

____________________________________
I wanted a Corvette my whole life, but I never dreamed of all the wonderful people I would meet because of it!

      States Visited Map

target=_blank>Click for another pic!     And yet another!
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