Capital Preserve

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

Please read the following.

despairamerica.blogspo...

The gasoline consumption savings argument does not hold water.. The "potential savings" from the $1.0 billion C4C spend is MAYBE 54/1000 of one percent.

On Aug 04 11:08 PM omnimoeish wrote:

> Low mileage means exactly what it says, they don't have a lot of
> miles on them. I would guess 80% of those 200,000 cars in a normal
> month are trading in 3 -5 year old that are worth more than $4,000.
>
>
> With the cash for clunkers, most people are offing their old junker
> that's not worth its weigh in manure for a new car. We will know
> pretty soon how many cars are actually bought/traded in directly
> because of the cash for clunkers program, and I dare say it will
> be more than 22,000.
>
> What's cool about it is that for a lot of people trading in their
> car, it's saving 50% of the gas they would've been driving (or someone
> else who would've bought the vehicle from them). Even if the program
> saves 1% of the 400 million gallons of gas burned in the US every
> day, it will save the country 4 million gallons or approximately
> $10-12 million a day (more if gas prices go back up to where they
> are $4 a gallon). At that rate it will only take the country 3 months
> to make back the $1 billion tax dollars we spent on the CARS program.
>