Some drivers hit jackpot with 'Cash for Clunkers' program

Full story: Chicago Tribune

After two decades and 126,000 miles, John and Susan Musinski's 1990 Ford Econoline has made its final run.
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161 - 166 of 166 Comments Last updated Aug 18, 2009
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Kevin

Glen Ellyn, IL

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#170
Jul 25, 2009
 

Judged:

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A crucial fact that was excluded from the article: You have to have owned the car for at least one year, with documented proof, in order to qualify. This isn't a program whereby you can purchase a $500 vehicle and make a $4000 profit, as some pundits have suggested.

http://www.politifact.com/truth-o-meter/state...
Rules Man

Decatur, IL

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#171
Jul 26, 2009
 
Your welcome - for all those that
got some of my tax money in this
stupid idea.
billp

Portland, OR

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#172
Jul 26, 2009
 
The better idea was to have a sliding scale for the mpg and the year of the car! The good people should not pe punished totally. Just like the credit card abusers, they will be first in line. Unfair!
DaveB

Westmont, IL

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#173
Jul 27, 2009
 
James wrote:
so what's to stop you from just buying a cheap piece of junk for like $400. Something that barely runs, and then trading it in for something new? Take the $400 hit or whatever, but still get $4100 off a new car? Are there rules?
You have to have owned the car for at least a year.
John

United States

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#174
Jul 28, 2009
 
Your thrilled because you can't add. Short term win at best for a few morons who didn't already do the responsible thing and dump the gas gussler. Our children will be paying for this initiative.

One billion dollars blown!
Hebert

United States

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#175
Aug 18, 2009
 
Susan wrote:
The comment about wishing that this was only for American cars. Well, American named cars aren't always made in the US and many of the Foreign named cars are. Do your research before you make your comments. I think this is a great program. I just wonder if the people driving the older vehicles can really afford to purchase something new in this economy, even with this incentive.
Where do the profits go Susan? All profits support the economy in the home country of a car manufacturer, foreign or American. Think about who's economy you will be supporting when you purchase your next car.

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