The plan does have several hurdles that will keep some potential buyers on the sidelines. The clunker being traded in will be crushed or recycled, meaning it will have no trade-in value beyond the voucher. Of the 25 million vehicles estimated to qualify for the voucher, most will be trucks: even 15 years ago, only five models of midsize sedans managed just 18 m.p.g.
To ensure the vehicles being crushed are actually coming off the road rather than cinder blocks, the trade-ins have to have been registered and insured for at least the past year.
Good for those who can plan ahead.
IIRC, you can’t buy a truck for $4500 with less than perhaps 200K miles on it...those restrictions will mean only the worst clunkers qualify.
I gotta call bs on this statement and the whole $4B sleight of hand...
this is discrimination against the gilbo clan as we're currently driving 2 'clunkers' that wouldnt be eligable for vouchers...a 90 Aerostar [a truck gettin 20 mpg] and a 92 marquis at 21 mpg @ 250K miles...
IOW, where do these mystery mpg figures come from on the trade-ins ??? the 15-20 yr old cafe stickers ???
more theft, pure and simple...