cash for clunkers: Cash For Clunkers is Over But What about Cash for LSV's - 10/31/09 09:00 PM
Cash for Clunkers is over, but the opportunity to cash in continues. A new tax credit promises to pay you handsomely for a buying a vehicle some say only sees time on a golf course. Nicknamed "Cash for Clubbers" by critics, the new plan causing protesters and profiteers to move quickly
It sits at a golf cart shop on a golf cart lot, but don't call it a golf cart.
"This is an LSV," explained Bob Hill, with The Cart Shed. "It is actually an automobile - an electric automobile."
LSVs, or low speed vehicles, arrived quietly about 10 years ago. But, 10 months ago the … (1 comments)
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cash for clunkers: $24,000 cash for clunkers -- - 10/31/09 08:42 PM
Cash for Clunkers cost $24,000 per car
An analysis released yesterday by the automotive Web site Edmunds.com has tallied up the taxpayer bill for the Cash for Clunkers program, and it comes in at a whopping $24,ooo per car with very little to show for it. In fact, only 125,000 of those were vehicles that would not have been sold anyway. The program gave car buyers rebates of up to $4,500 if they traded in less fuel-efficient vehicles for new vehicles that met certain fuel economy requirements. A total of $3 billion was allotted for the rebates. The average rebate was … (4 comments)
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cash for clunkers: Stop Cash For Clunkers -- NOW asks Dealers - 08/20/09 09:16 PM
Dealers want the Clunkers program to be stopped immediately
The cash-for-clunkers program, which was so popular that it ran out of the original $1 billion allocation in its very first week, received a $2 billion extension from the U.S. Senate recently. The Obama administration introduced the program to boost the auto industry and get inefficient vehicles off the road. Now the National Automobile Dealers Association (NADA) is urging the federal government to stop the program immediately.
NADA says that the program's fund may run out sooner than later given the pace at which deals are being done. Dealers are worried that … (6 comments)
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