Tuesday, September 1, 2009

A Better Cash for Clunkers Deal?

Cash for Clunkers was a failure in not only my mind, but others as well - even car dealers. Called the "Auto Stimulus Plan," it aims to offer,
several features that the government plan was criticized for lacking. It allows consumers to buy used cars, and its rebates are tiered in proportion to the level of fuel-efficiency improvement that is achieved by the trade-in.

After all, it made no sense that it rewarded the people who had purchased the clunkers that had horrible mpg ratings by giving them a $3500 or $4500 rebate, and screw over the people who had made a more responsible choice by getting a more fuel-efficient vehicle.

As “Cash for Clunkers” Sputters, a Privately Funded Spinoff Picks Up

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