ALL Mavericks are now worth an automatic $4500 bucks!!!!

well not all but ones that run and have tags!

so..... does this mean i can get $4500 for my stock maverick that runs and has current tags? damn right!

so does that mean all pre like 80% of all cars that run and have current tags are worth now $4500 bucks? thoughts?

really i have been looking to sell my yellow stock maverick for some time now. but i don't think i would get $4500 for it. so by this passing now it makes you really thing about it. thoughts? but wow lots of cars will going to the bone yard! a sad day!

Senate Passes "Cash for Clunkers" Program

Senate passes $1 billion 'cash for clunkers' program over strong Republican opposition


By Ken Thomas, Associated Press Writer

WASHINGTON (AP) -- Congress approved a "cash for clunkers" program Thursday to provide government incentives of $3,500 to $4,500 to motorists who trade in their gas guzzlers for more fuel efficient vehicles after Senate Democrats narrowly defeated a Republican effort to kill the plan.

Auto state senators said the program would help hard-pressed car dealers and automakers by bringing buyers into showrooms, and they got help from President Barack Obama and Vice President Joe Biden, who made calls to wavering Democrats urging them to keep the plan alive.

"This is an emergency for families and small businesses -- for an industry that has been the backbone of our economy for a generation," said Sen. Debbie Stabenow, D-Mich., who sponsored the proposal.

Opponents said it would increase the federal debt without doing much to get expensive-to-operate vehicles off the roads.

Senate supporters of the program overcame a procedural hurdle by the plan's leading opponent, Sen. Judd Gregg, R-N.H., on a 60-36 vote, winning the minimum number of votes needed to keep the program in a $106 billion war-spending plan that the Senate passed later Thursday.

The House approved the cash for clunkers bill last week on a vote of 298-119 and Senate Democrats attached it to the war-spending bill. The overall bill now goes to the White House for Obama's signature.

Four Republicans -- Kit Bond of Missouri, Thad Cochran of Mississippi, Susan Collins of Maine and George Voinovich of Ohio -- voted with two independents and 54 Democrats in favor of the clunker measure, while Democrat Ben Nelson of Nebraska was opposed along with 35 Republicans.

Sen. Maria Cantwell, D-Wash., changed her vote to support the vehicle incentive plan and spoke by phone with Obama during the vote.

Cantwell spokeswoman Ciaran Clayton said Obama "acknowledged Senator Cantwell's concerns that the cash- for-clunkers program ... did not do enough to meet our nation's urgent need to reduce foreign oil dependence" and vowed to work with Cantwell and others to "maximize the number of efficient cars on America's roads."

In addition to Cantwell, Obama and Biden reached out to Democrats Patrick Leahy of Vermont, Claire McCaskill of Missouri and Michael Bennet of Colorado, according to two people familiar with the outreach. They spoke on condition of anonymity because they were not authorized to speak publicly.

Obama has encouraged Congress to approve the consumer incentives for new car purchases as part of the government's efforts to restructure General Motors Corp. and Chrysler Group LLC. The bill provides $1 billion for the program from July through November.

Sen. Dianne Feinstein, D-Calif., who supported a plan with more stringent requirements to receive the vouchers, said she received "absolute assurance" from Senate leaders that if the program was continued beyond November it would be modeled after the bill she pushed.

Supporters said the program, which would be implemented by the Transportation Department, was expected to be implemented by early August.

The auto industry and its union lobbied heavily for passage of the cash for clunkers plan as GM and Chrysler have received billions of dollars in government-led bankruptcies and the entire auto industry has dealt with plummeting car sales. In May, overall sales were 34 percent lower than a year ago.

Under the proposal, car owners could get a voucher worth $3,500 if they traded in a vehicle getting 18 miles per gallon or less for one getting at least 22 mpg. The value of the voucher would grow to $4,500 if the mileage of the new car was 10 mpg higher than the old vehicle. The miles per gallon figures are listed on the car window's sticker.

Owners of sport utility vehicles, pickup trucks or minivans that get 18 mpg or less could receive a voucher for $3,500 if their new truck or SUV got at least 2 mpg higher than their old vehicle. The voucher would increase to $4,500 if the mileage of the new truck or SUV was at least 5 mpg higher than the older vehicle.

Dealers participating in the program would receive an electronic voucher from the government for the trade-in to apply to the purchase or lease of a qualifying vehicle. The bill directs dealers to ensure that the older vehicles are crushed or shredded to get the clunkers off the road.

The program was intended to help replace older vehicles -- built in model year 1984 or later -- and would not make financial sense for consumers owning an older car with a trade-in value greater than $3,500 or $4,500.

The U.S. industry is expected to generate about 9.5 million vehicles sales in 2009, compared with more than 13 million in 2008 and more than 16 million in 2007.

Associated Press writer Matthew Daly contributed to this report.

The bill is H.R. 2346.

 

Yeah, I saw that too. SEMA has been fighting against this bill in California for years and now it has finally made it's way into law. You are right, to paraphrase...this sucks. But the $4500 comes in the form of a voucher for a new car that just as soon as you drive it off the lot looses $4500 in value!

 

to qualify your car has to be from 1984 OR LATER meaning 1984-PRESENT DAY classics need not apply. why would you want to send them off to the crusher anyway?

 

hum really didn't see that anywhere in the reading. must be some where in the bill eh? gonna have to look that one up.

but the point was if you can't get what you want for the car when selling it. you can by crushing it. sad but true!

 

says right at the bottom of what you posted, a lot of classic car enthusiasts are taking this way overboard without reading all of the bill. hope this clears up a little of the madness...

 

yup it is like the second paragraph up from the bottom. There are also a few more loopholes that he forgot to mention in this arcticle. First the car has to be registered and insured for a year before it is eligable for the voucher, this is to stop the people that would just pick up a clunker just to turn in for a $4500 voucher. And second this only lasts for about a year so you cant register a junker just to get double your money out of it.

 

what a waste of taxpayer money imo. And secondly most people who drive older cars can't afford to buy a new one so whats the point. The way I took it you get the money toward a trade in on a new car not just cash

 

Darn ... there goes my plan to get a cheap 86-93 Mustang ... yank the roller cam 5.0 out for the Comet ... drop in a boneyard 2.3, and trade the Mustang for a new daily driver...


Seriously ... it does seem like that they thought this one out a bit better than what they tried to do in California in mid-90s. People were getting 30 year old cars out of their backyards for vouchers.

 

Ya, the gov. is getting to involved in our lives. But the bill dose not force you to trade,you can keep your car and give the gov the finger

 

bah i can't read.. lol! but either way i should have kept my 80's ltd then! lol! i sold it for $900 bucks running!

yep knew about that one! but wasn't an issue with me cuz i own my cars forever. lol! but oh well on the post 84

 

they were doing a lower $$ version of this in the mid 90's in cali. that was open to anything old. ahhh those were good times for finding parts, now it makes me sad though to think of all the mavs crushed, along with other good cars and trucks. I am glad they added a year range this time for the national version. Definately sucks for us to have to pay taxes to cover the vouchers that only go towards a new car( and are actually now going to be figured into the cost). Pretty much us paying for the privelage to pay more for a car and lose the availability of affordable cars for americans in general... Government working at its finest again

 

So let me get this straight...


I trade in a 300$ 1985 dodge diplomat and I get 4500$ cash back and end up with an 18,000 dollar GM car loan with tax title and destination bogus fees for a total of 25,000$ at 15% financed, the net to be paid over time ends up being 34,000$. The good part is the GM car will probably be worth 4500$ in two years anyhow making anyone upside down.

I hate to say it but your going to spend more money for the car than you would ever save on the gas difference.


Hold on to your parts cars too. Florida among other states is trying to pass a law making it illegal for salavage yards to sell motors and transmissions. They also are trying to make it illegal for them to even sell any parts of the motor. When a car hits the salvage yard the will be forced to pull out the motor and transmission.

Just another way to force people to buy new cars

 

see what you do is. go trade your old mav in and get a nice diesirable new car.then ether put it on ebay for a lower price and pick up some cash to buy a sweet mav or trade it to someone that has a sweet restored mav!

 

oh yay! tax dollars hard at work....

 

What?? Then people will just cross state lines to pick up a motor or tranny. That doesn't make any sense at all.