Cash for Clunkers Affects Lower Income Used Car Buyers Most.

Aug 4, 2009 by Sam

basically consumer gets paid to destroy fully usable cars – and buy a new one to replace it.   So how about destroying all TVs that were brought before 2009 and buying new ones .. OR maybe all computers built before June 2009. Are we crazy ? what are we doing here. Simple waste.  So consumer pays 10k for used volvo 3 years ago.  Still perfectly usable.  worth maybe $2000 in a trade in.  SO instead of trading in and keeping the car available for other used car buyers to buy at lets say $3000, we destroy the car. Down the line the net losers will be people who purchase lower priced used cars- namely the lower income groups. So who will buy cars for them ? easy answer : the government . what type of cars will the government buy the lower income drivers- take a guess ( starts with a G) –  Has anyone figured this out – this is nuts.