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Interesting "Cash for Clunkers" facit.
Old 01-04-2010, 10:04 AM   #1
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Interesting "Cash for Clunkers" facit.

Seeking more cash for their clunkers

But although many buyers did not know it, they were also potentially eligible for up to hundreds of dollars more for the scrap value of their old cars.

The law called on dealers to share with customers the estimated amount each trade-in was worth as scrap.

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Old 01-04-2010, 11:25 AM   #2
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I got my scrap money... but it was a bit late... they had mailed the checks to everyone but forgot me...

When I went to get the oil changed I asked about it and they quickly cut me a check for about $75... the accountant said she now had to look to make sure she did not forget anyone else...

Now, I think the scrap price of $125 was low, but I did not have any way to try and get it better... I guess I could have sold the almost new tires to someone else, but that would take some time and effort...

It does tell me who I would not want to go to to buy a car if they did NOT give the money back like a number of them did not....

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Old 01-04-2010, 12:12 PM   #3
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I told my parents to ask for the scrap value when buying their cash for clunkers Camry. The dealer basically laughed at them, told them to take whatever car they were lucky to get, pay full sticker, and pay for all the extra options, then get their $3500 rebate. The scrap value of that car was way more than $50-100, since it weighed over 6,000 lbs (steel, copper, aluminum, etc has a decent price on the scrap commodities market).

From talking to a client that operates a rather large metal recycling facility (a scrap yard) here in town, he said they haven't really seen any pick up in business yet from the cash for clunkers deal. Since these were all cars in working condition being brought in, they are being stripped for parts big time by the second hard auto parts industry. Transmissions, body panels, etc fetch a tidy sum since they were all in operating condition. Good thing those parts will be reused to keep a fleet of inefficient vehicles on the road even longer. "Reuse" is still a good thing in the enviro-lingo, right? It comes before "recycle" in the 3 R's.
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