Jim Ferron is "right on the money"....these are used car customers...not the typical new vehicle buyer. The government has no business creating these types of programs. They would have been better off giving all the dealers a tax cut to help energize their business or an across the board consumer rebate/incentive to upgrade to a more fuel efficient vehicle...new or used. No one is talking about the costs the dealers are facing to handle the paperwork, phone calls and "engine destruction" process that is required. This whole mess qualifies as an unfunded federal mandate heaped on the backs of private business owners.
Remember when rebates and low interest financing started..?? since then dealers are hard pressed to generate sales unless there is a "program" in place. Once this CFC is over...the government will have to dream up another offer (scheme) to keep the ball moving.
By the way...where does the money come from to pay the dealers the $4500
Press #1 for the answer...or just hold and Ms. Pelosi will be with you shortly.
A chicken in every pot and a clunker in a every garage
ps...Congress is voting as we speak to add 2 Billion Dollars to the program....I can hear the presses running
