The CASH for CLUNKERS program, giveaway of taxpayer funds) is ready to roll!!
The government makes an electronic transfer of $3,500 or $4,500 to the dealer for each qualifying sale. The dealer has to ruin the engine of the trade-in so it never can be reused, then send the vehicle to a scrap yard.
CARS runs until Nov. 1, or until its $1 billion budget is gone. The government website www.cars.gov has full details.
Generally speaking, the new car has to be rated 22 miles per gallon or more by the government in combined city-highway driving. The trade-in can't be older than 1984 and has to be rated 18 mpg or less. Ratings are at www.fueleconomy.gov.
Hey, a billion here a billion there adds up.........pure and simple, it's waste.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
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