Breaking those clunkers down...

foxpaws

foxpaws

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Here is the official list of what went to the scrap pile...

52 Allantes - it is a good time to be an Allante owner - parts are now a bit cheaper (they are even showing up at pic-n-pull yards) and the fewer left on the road - means the ones that remain could be worth more...

Well, that is probably still a dream ;)
 
Allantes still generate a lot of interest. Parts were insanely expensive and I wouldnt doubt the cars becoming (more of) a collectors item.
 
Who's the @sshole that clunkered a Aston Marton DB7!!! Sh*t there's hella cars I woulda took off their hands!
 
I get the impression that some of the cars on the list were entered incorrectly.

For example:
Look at the Ford F-150 Lightnings.
 
One of us should go through that list add up all the cars and times that number by 4500 to see how much money we all spent on this.
 
1bad4.6l said:
One of us should go through that list add up all the cars and times that number by 4500 to see how much money we all spent on this.
Click to expand...

The program was supposed to cost THREE BILLION DOLLARS.

$3,000,000,000.00
 
I bet some of the cars were sent in with blown motors or electric problems.
 
That's alot of cars! It is unreal how many Lincoln LS's were crushed if that is an acurate number. :(
 
I liked the Allante ever since Kelly did the Bundy bounce in front of one. :D
kellypunking.gif
 
Someone's math sucks...

A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.

So, the average "Cash for Clunkers" transaction will reduce US gasoline consumption by 320 gallons per year.

They claim 700,000 vehicles – so that's 224 million gallons / year.
That equates to a bit over 5 million barrels of oil. 5 million barrels of oil is about ¼ of one day's US consumption.

5 million barrels of oil costs about $350 million dollars at $70/bbl.

So, we all contributed to spending $3 billion to save $350 million.
How good a deal was that ???

And, let's not talk about how all these pollution emission controls that newer vehicles are choked up with, and how much more fuel it takes to still make the same power a vehicle would make without the emission controls.


They'll probably do a great job with health care though!!
 
Frogman said:
Someone's math sucks...

A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.

So, the average "Cash for Clunkers" transaction will reduce US gasoline consumption by 320 gallons per year.

They claim 700,000 vehicles – so that's 224 million gallons / year.
That equates to a bit over 5 million barrels of oil. 5 million barrels of oil is about ¼ of one day's US consumption.

5 million barrels of oil costs about $350 million dollars at $70/bbl.

So, we all contributed to spending $3 billion to save $350 million.
How good a deal was that ???

And, let's not talk about how all these pollution emission controls that newer vehicles are choked up with, and how much more fuel it takes to still make the same power a vehicle would make without the emission controls.


They'll probably do a great job with health care though!!
Click to expand...

What about all the oil that was used to make the plastics and rubbers that made the new vehicles... and the oil used to make the fuel that the trains and semis used to haul them to dealers... really good deal eh?
 
Frogman said:
They'll probably do a great job with health care though!!
Click to expand...

:slap: :runaway:

Never bothered to break down just how bad of a financial decision that was, thanks.

I think of the people who bought cars that really cant afford a $500 per month payment plus now their insurance quadrupled.. or more. They get behind on the payments so the car gets repossesed, lose their job cause now they cant make it to work. Then they collect UI and try for some welfare assistance and just add to the whole financial problem.

And/or drop the insurance to keep up with the car payments and then run into someone else leaving them screwed.
 
Lincoln ave said:
I bet some of the cars were sent in with blown motors or electric problems.
Click to expand...
Electric problems, maybe, but one of the fundamental conditions of the rebate was that the car had to be in running condition. I'm guessing that some of them had body damage, but some of them were just owned by complete morons. Hell, a GNX with a busted-up rusted-out body is worth more than $4500, and I have a hard time believing that a DB7 (or ANY Bentley) is worth less than $4500...
 
1997 Aston Martin DB7 Volante scrapped 1
so some jack ass brought in a $40,000 Aston Martin for a $4000 credit. give me his address i'm gonna kick his punk ass
 
slowmkviii said:
how can you have a 2007 Town can and it only be worth $4500
Click to expand...

Same as the devaluation of the Mark 8, they depreciate pretty much 50% a year..lok

in 1999 you could buy a 1998 for 20K
in 2000 they were 10K cars
 
Frogman said:
Someone's math sucks...

A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.

So, the average "Cash for Clunkers" transaction will reduce US gasoline consumption by 320 gallons per year.

They claim 700,000 vehicles – so that's 224 million gallons / year.
That equates to a bit over 5 million barrels of oil. 5 million barrels of oil is about ¼ of one day's US consumption.

5 million barrels of oil costs about $350 million dollars at $70/bbl.

So, we all contributed to spending $3 billion to save $350 million.
How good a deal was that ???

And, let's not talk about how all these pollution emission controls that newer vehicles are choked up with, and how much more fuel it takes to still make the same power a vehicle would make without the emission controls.


They'll probably do a great job with health care though!!
Click to expand...

Ah, Frog- you frogot the multiplier for crude to gasoline... it takes 2.1 gallons of crude to make 1 gallon of gas...

Not a big difference - but it does make the amount of money saved per year at $700 million

I had heard that it releases us from about 3 days of importing oil from the middle east...

And if you take the lifetime of the car - I think they consider 9 years- 9 x $700,000,000 is about 6.3 billion - so a rate of return over 9 years of 210%;)

Now, of course many of those cars would have been traded in at some point before that 9 year threshold - hard to figure in that variable. And although traded in - they would still be guzzling - wow - know a mathematician who is also a pretty good statistician?

Again, perhaps we could better elsewhere - but right now there certainly isn't any money products out there that are getting that type of return.

Needless to say - I have never seen Allante headlights for much less than $300 each - or good taillights for $500 each - now they are bringing much less than that. Gotta love supply and demand...
 
Ah, Frog- you frogot
Click to expand...
you forgot to muddle the issue up with loads of distraction and misleading bullcrap, but don't worry- foxpaws here to serve.... the government.

That was some of the most ridiculous, insulting, nonsense I've seen to defend a hugely wasteful government program. Do you ever stop campaigning for this offensive administration?

You're projecting this "savings" over 9 years!?
MOST of those cars would have been well over 20 years old in 9 years.
Some of those cars would have been over 30 years old.
So the entire algebra that you're applying is wrong.
Almost all of them were cars that would have been replaced within the next year or so without a $3,000,000,000 government subsidy.

No one on a fixed income driving a $500 Crown Victoria traded in their car for a $4500 "credit" and AT LEAST $10,000 in additional debt.

And you're also failing to note the resources associated with destroying all the "clunkers" and then building and importing all the new ones. How much energy does it take to build a car? To transport it?

This program was simply wasteful government spending.
 
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