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  • Cash for Clunkers May Cost Up to $45,354 Per Vehicle [View article]
    The cars traded in don't necessarily have to be "clunkers". They could be very well-maintained automobiles that don't get the higher gas mileage the government is trying to promote. The qualifications for the rebate are the differences between the gas mileage on the car being traded in and the one being purchased. It turns out that the FICO scores of the customers under this program are higher than expected. It seems to me that these are the smart buyers who would have normally traded sooner or later and who know a good deal when they see one.


    On Aug 02 09:41 PM BuyABizInFlorida.com wrote:

    > The author is inferring that Edmunds is stating that 200,000 cars
    > would be traded in and assumes that they are all "clunkers". However,
    > we do not know to what extent they are clunkers, nor do we know that
    > they are replace with Government mandated qualified replacements.
    > So inferring that they are all clunkers and are all replaced with
    > qualifying units that would have taken place in the ordinary course
    > of events, we the tax payers are subsidizing these trade-ins that
    > would normally occur.
    >
    > What is "BS" is the actual financial intelligence of the average
    > American.
    Aug 03 09:14 am |Rating: 0 0
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