nlipner

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

FLAWED NUMBERS, how could they miss that of the 200k cars that would have been traded in anyway, many had a value far above 4.5k + SCRAP COST. This program cannot be compared to standard trade-in averages to derive an incremental gain unless one has separate numbers of what the lowest tranch (under 5k & low mileage) of trade-ins equates to. Additionallly the economic benefit of removing the true clunkers (low mileage & worth less than 5k) extracts from both society (safety, road damage and productivity) and the owners (those trapped in a car with high repair costs).