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Old 07-12-2015, 10:29 AM   #6 (permalink)
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Originally Posted by Old Mechanic View Post
One more govt program subsidizing irresponsible people who make bad decisions.

I think it is still affecting used car prices here (much too high) thus one reason I bought new.

I don't think so. I believe it was more to help out the auto industry with a little fuel economy/economy improvement mixed in. It is neither irresponsible nor a bad decision that leads one to owning an aging vehicle. If you think about it people that drive clunkers do so because they either can't afford a new car (making bad decisions) or they refuse to buy (a good decision). This program motivated good decision makers to upgrade. It didn't subsidize to the point that irresponsible people could make that leap.

As for me, when it came out my aging vehicles were still worth more than the government's offer. I kept driving them, still have 1 of the 2.

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