I could hardly believe I was reading this article ( I am including with this post), but yes it is true, another Cash for Clunkers may be coming to a neighborhood near you. I thought that everyone was up in arms over the high cost of the last two C4C give-away, so what is your take and did you take advantage of the first two C4C programs? How did it work out for you? Let me know I am curious as to what people who took advantage of the program have to say.
What about additional funds for homeowners and restructuring of variable loans? I think our housing market needs more attention than our auto dealerships.
Now on with the article by C. Shunk.
Jan 15th 2010 at 8:04AM
Cash-for-Clunkers was among the more watched auto-related story lines of 2009. With the industry hurting, the government provided cash vouchers of between $3,500 and $4,500 to anyone who turned in a vehicle that was eight (or more) years-old and with between two and 10 miles-per-gallon worse fuel economy numbers than the new car or truck with which it was replaced. The program went from fledgling idea to a done deal in a matter of a few months, showing that the U.S. government is capable of move quickly when it really wants to, albeit with the help of a big fat $3 billion check.The feat was reportedly so impressive to Department of Transportation Ray LaHood that he openly wondered whether the program should
be reincarnated for 2010. Motor Trend reports that LaHood told reporters at the Detroit Auto Show that Clunkers was "the most wildly successful program ever, selling 800,000 cars in less than 30 days." It sounds like LaHood was really impressed with how C4C panned out, but will the program and its multi-billion dollar price tag resurface in 2010? LaHood says the DOT won't be begging for any spending money, and he insists that any decisions will need to be made by Congress in the year ahead.Motor Trend says that despite LaHood's hands-off approach to Clunkers, there are persistent rumors that C4C could resurface in the second quarter of 2010 with perhaps less bountiful tax incentives and a less exorbitant price tag. We have no idea if C4C has any chance of making a cameo in 2010, though we're thinking that the consistent uptick in sales after Clunkers expired shows that the industry is beginning to improve without additional government intervention. Why spend money propping up an industry that seems to be doing a swell job of helping itself?
Please call me about the $8000,00 (up to) tax credit for homebuyer's and the $6500.00 tax credit (up to) for the move up credit. Perhaps you can take advantage of a tax credit for a home as an alternative.
What about additional funds for homeowners and restructuring of variable loans? I think our housing market needs more attention than our auto dealerships.
Now on with the article by C. Shunk.
Jan 15th 2010 at 8:04AM
Cash-for-Clunkers was among the more watched auto-related story lines of 2009. With the industry hurting, the government provided cash vouchers of between $3,500 and $4,500 to anyone who turned in a vehicle that was eight (or more) years-old and with between two and 10 miles-per-gallon worse fuel economy numbers than the new car or truck with which it was replaced. The program went from fledgling idea to a done deal in a matter of a few months, showing that the U.S. government is capable of move quickly when it really wants to, albeit with the help of a big fat $3 billion check.The feat was reportedly so impressive to Department of Transportation Ray LaHood that he openly wondered whether the program should
be reincarnated for 2010. Motor Trend reports that LaHood told reporters at the Detroit Auto Show that Clunkers was "the most wildly successful program ever, selling 800,000 cars in less than 30 days." It sounds like LaHood was really impressed with how C4C panned out, but will the program and its multi-billion dollar price tag resurface in 2010? LaHood says the DOT won't be begging for any spending money, and he insists that any decisions will need to be made by Congress in the year ahead.Motor Trend says that despite LaHood's hands-off approach to Clunkers, there are persistent rumors that C4C could resurface in the second quarter of 2010 with perhaps less bountiful tax incentives and a less exorbitant price tag. We have no idea if C4C has any chance of making a cameo in 2010, though we're thinking that the consistent uptick in sales after Clunkers expired shows that the industry is beginning to improve without additional government intervention. Why spend money propping up an industry that seems to be doing a swell job of helping itself?
Please call me about the $8000,00 (up to) tax credit for homebuyer's and the $6500.00 tax credit (up to) for the move up credit. Perhaps you can take advantage of a tax credit for a home as an alternative.
Kim Duclos
(888) 949-2890
