The more I hear about this program the more I don’t like it. Even the name is deceiving because it goes by the mileage of your vehicle not condition it’s in. You could have a true clunker but, if it get’s more than 18 miles per gallon you don’t qualify. If your vehicle is worth more than the allowance you don’t get anything over that amount. Also it creates a demand for parts and used vehicles that are crushed. Many vehicles may have many usable parts that could be reused (RECYCLED). Another thing is that you raise the prices for vehicles in the used vehicle market. How this helps the consumer is beyond me. This video explains a lot of pros and cons of this program:
I’m a believer of that if you squeak out every possible mile out of your vehicle that it’s better than running out buying a new one. For example: You have a vehicle that’s already paid for with no payments but has low mpg and you spend $75 a week on gas. So your monthly expenses run $300. Depending on your local tax laws your probably paying very little or nothing to the government. Now you throw in a a new vehicle which my cut down gas expense to $50 a week now your down to $200 a month. Now you add in a $400 car payment for the next 5 years and your now up to $600 a month. Don’t forget about your local tax collector wants there share in in excise/sales tax every year. One more factor is that now you’ll be driving your nice brand new vehicle more since your now saving money. Let’s go even further now and say you’ll be working more now to make that payment every month which adds more mileage. You feel it’s worth it though because get good mileage and your helping the environment.You keep telling yourself that. Maybe we could factor in the energy and resources expended to manufacture your “new” purchase.
It don’t make sense to me. Now were about approve more money into this program out of our tax dollars. So the cycle continues. Who or what does this program benefit?
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