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I have been thinking about this Cash for Clunkers program for quite some time and was meaning to write about it on this here web log. Luckily, the folks over at cockeyed.com did the work for me and wrote up a great article. Nice work, guys.
As the owner of a clunker that still manages to get good gas mileage, I was disappointed to learn that I do not qualify.
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Edmunds estimated that this boondoggle is going to cost taxpayers about $20,000 per vehicle using marginal cost analysis… I’ve got an old Audi for sale if anyone has $20,000 of taxpayer money they want to throw my way.
I realized that I totally misinterpreted the edmunds analysis, but hyperbole is fun!
July 29th, 2009 at 9:52 am
The Sacramento Bee has an article about this program, too.
An interesting detail here is that these rebates are not taxable by the state.
Now that’s innovative …
July 29th, 2009 at 11:09 am
Weird, the new MPG ratings (starting last year) assume “Colder Outside Temperatures”…
July 29th, 2009 at 11:23 am
I have a 2004 Audi that is a clunker. If it rarely runs, can that be factored into my gas mileage?
July 30th, 2009 at 12:33 pm
All Audi’s rarely run. Yours is not special in that regard. Amazing that Cockerham (Cockeyed author) predicted that cash for clunkers money would be gone today.
July 31st, 2009 at 8:32 am
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