Foxes victims of Cash for Clunkers?

Why am I paying tax dollars for this program? Do I really want to bail out a failing industry? Do I really want to encourage those without the means to repair their clunkers to take 10-20k loans? Who is going to bail out the U.S. Government when they can no longer afford the interest on their loan (the national debt (click for more facts))? Who is going to bail the rest of us out when gov't policy causes staggering inflation and the value of our monthly wages can't buy a loaf of bread? Our government has decided to spend its way out of a debt crisis when it has never been able to save money itself.... Amazing!

This program sucks, flat out

A ton more people driving cars they cant afford, will default on loans and have the cars repossessed, leaving us in a worse situation than we started.

OK that wont be what happens across the board, but you know more than a few of those loans are not going to see maturity!

The idea of destroying these older cars instead of AT LEAST allowing them to be used for parts is completely ridiculous. It is currently too early in the morning for me to elaborate coherently, but the fact is that this program really hurts...ESPECIALLY enthusiasts like us.

By the way I want to strangle half the douche bags on the corral forum who pretty much dont give a F about that 4-eye because its a 4-eye. Even a guy with an aero fox commented who cares. Thats why I dont post over there, a bunch of stuck up jerks. Got that vibe since day one. :SNSign:

QUICK91LX said:

By the way I want to strangle half the douche bags on the corral forum who pretty much dont give a F about that 4-eye because its a 4-eye. Even a guy with an aero fox commented who cares. Thats why I dont post over there, a bunch of stuck up jerks. Got that vibe since day one. :SNSign:

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Yea, I was really surprised about that. I may be biased, but I thought the general consensus these days was that clean 4-eyes are MORE desirable. Oh well.

Well, if I had a four-eye I'd probably destroy it myself.

I found this on another site..

Link to the rules of the CFC program..
http://www.cars.gov/files/TheRule.pdf

g. Disposal of Trade-In Vehicles (§§ 599.400-403)

Quote:
In addressing the trade-in vehicle disposal process (Section III.b., Identification of Disposal Facilities), the agency decided to include disposal facilities participating in the ELVS program (currently numbering approximately 7,700) on the list of facilities that may participate in the disposal process, subject to certain conditions and certifications. As a condition of accepting transfer of the trade-in vehicle, the disposal facility must certify that it meets all applicable State and Federal laws and has a currently active State license to operate as a disposal facility in that State. The disposal facility must also certify that it will not sell, lease, exchange, or otherwise dispose of the vehicle for use as an automobile in the United States or any other country, that the vehicle will be crushed or shredded onsite within six months after the date of its transfer from the dealer, and that the vehicle will not be transferred to another disposal facility prior to being crushed or shredded. Finally, it must certify that it will update NMVTIS, within 7 days after receiving the trade-in vehicle and again within 7 days after crushing or shredding the vehicle. During the six-month period prior to the required crushing or shredding of the trade-in vehicle, the disposal facility may sell any parts of the vehicle other than the engine block or drive train (unless the drive train is dismantled and sold in parts). These requirements for disposal facilities are implemented in sections 599.400(b) and 401 and Appendix E.

The agency also has determined that, in lieu of direct transfer to a disposal facility that appears on the agency’s list, the dealer may opt to transfer the trade-in vehicle to a salvage auction, subject to certain conditions and certifications. As a condition of accepting transfer of the trade-in vehicle, the salvage auction must certify that it meets all applicable State and Federal laws and has a currently active State license to conduct business as a salvage auction in that State. The salvage auction must also certify that it will not sell, lease, exchange, or otherwise dispose of the vehicle for use as an automobile in the United States or any other country. It must certify that it will limit participation in the auction of a trade-in vehicle under the CARS program to a disposal facility that currently appears on the agency’s CARS list of disposal facilities and will obtain from the disposal facility the same certification the disposal facility would have provided upon direct transfer of a trade-in vehicle from the dealer, and provide that certification to NHTSA. Finally, the salvage auction must certify that it will update NMVTIS, within 3 days after receipt of the trade-in vehicle from the dealer, or prior to auction, which ever is earlier. These requirements for salvage auctions are implemented in sections 599.400(c) and 402 and Appendix F. Finally, a dealer receiving certifications from a disposal facility or a salvage auction under these procedures is required to send them to the agency within 7 days of receipt. Section 599.403 sets forth this requirement.

It is important to note that the requirement under the CARS Act and its implementing regulations for disposal facilities and salvage auctions participating in the CARS program to update NMVTIS are distinct from the monthly reporting requirement 53 imposed on junk and salvage yards pursuant to 49 U.S.C. 30504. In accordance with regulations implemented by the Department of Justice at 28 CFR 25.56, any individual or entity engaged in the business of operating a junk yard or salvage yard within the United States shall provide, or cause to be provided on its behalf, to the operator of NMVTIS and in a format acceptable to the operator, an inventory of all junk automobiles or salvage automobiles obtained in whole or in part by that entity in the prior month. Updates by junk and salvage yards to NMVTIS under the CARS Act and its implementing regulations, however, may fulfill this separate NMVTIS monthly reporting requirement regarding such vehicles, provided the updates contain all of the information required by the Department of Justice under 28 CFR Part 25.

The procedures described above allow a trade-in vehicle to be transferred no more than two times subsequent to the dealer taking title and prior to its crushing or shredding, either directly to an entity currently appearing on the list of eligible disposal facilities, where the vehicle must remain until it is crushed or shredded, or to a salvage auction that subsequently transfers the vehicle to that entity. This approach for the vehicle disposal process is adopted in Subpart D and the required certifications appear in Appendices E and F. Nothing in the rule proscribes further transfer of a crushed vehicle to another disposal facility, including a shredder.



So going by this they can be parted out.

Mustang5L5 said:

Actually, if it's non-operational it doesn't qualify. The plan is to get running vehicles off the road. If it doesn't run, then it's not really contributing to the problem.

The basic criteria is that the car must run, you have to have had it registered for a year, it needs ot meet certain requirements from cars.com to be classified as a clunker.

Whether you get $3500 or $4500 depends on what type of vehicle you are trading in, and what you are buying. You get more cash for your car if you get something much more fuel efficient. if you get another truck, you may only get the $3500. If you traded your gas guzzling SUV for a 40MPG hybrid, you would prob get $4500.

There is also a $40K cap on the vehicle you buy.


An even scarier part of the CFC deal is this

YouTube - Glenn Beck: The Man Who Conned America is Now The Biggest Hacker in The World?Barack Obama

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snopes.com: Cash for Clunkers