What happened to the cars from Cash for Clunkers?
Unfortunately, because the CARS program mandated that clunkers had to be shredded after 180 days, hundreds of thousands of vehicles weren’t completely recycled. Instead, they were sent to shredding facilities, where giant machines can turn an entire car into a pile of metal shreds in a few minutes.
Is Cash for Clunkers legitimate?
Is Cash for Clunkers still going? Absolutely! Cash for Clunkers now is a private vehicle buying service designed to connect sellers with local cash buyers near you who will collect your vehicle and pay cash on the spot!
What did Cash for Clunkers cost taxpayers?
The federal government spent $3 billion on Cash for Clunkers, and by doing so it reduced spending on new cars by, you guessed it, $3 billion. The program, which was somehow found to be consistent with the Obama doctrine of “don’t do stupid stuff,” cost both taxpayers and carmakers $3 billion.
Who benefited from Cash for Clunkers?
The Car Allowance Rebate System, better known as “Cash for Clunkers,” is a federal program that gave car buyers a rebate of up to $ 4,500 on a new car if they trade in an older, less fuel efficient car.
Is there going to be another Cash for Clunkers?
In 2021 the State of California continues its own cash for clunkers buyback program called CAP which stands for Consumer Assistance Program operated by California’s Bureau of Automotive Repair (BAR). California’s interest to continue supporting cash for clunkers is driven by their commitment to impact vehicle emissions …
Who sponsored Cash for Clunkers?
‘Cash for Clunkers’ was initiated by the President Barrack Obama administration in June 2009. It provided a three billion cash incentive for United States Citizens who wished to trade in their old and less fuel conserving vehicles for newer and more fuel conserving vehicles.