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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