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Search: Posts Made By: FUEGO
Forum: FIRE and Money 06-27-2009, 12:44 PM
Replies: 129
Views: 9,180
Posted By FUEGO
They would fall in the "destitute" class of...

They would fall in the "destitute" class of people! ;D

This bill only helps the middle class folks who have enough cash or good enough credit (and income) to qualify to buy a new car. I think...
Forum: FIRE and Money 06-25-2009, 02:04 PM
Replies: 129
Views: 9,180
Posted By FUEGO
Not sure what is up with that site. They are...

Not sure what is up with that site. They are quoting $350/troy ounce for 24k gold scrap when spot prices for gold are over $900/oz. You can obviously melt down the gold for much much much much less...
Forum: FIRE and Money 06-25-2009, 11:23 AM
Replies: 129
Views: 9,180
Posted By FUEGO
I think the car dealer gets to keep the proceeds...

I think the car dealer gets to keep the proceeds from the scrap. I assumed it would get lost in the transaction, but it actually does have some real value, especially if you have a palladium loaded...
Forum: FIRE and Money 06-25-2009, 09:49 AM
Replies: 129
Views: 9,180
Posted By FUEGO
The basic premise is right on. But the math...

The basic premise is right on. But the math doesn't necessarily add up to the extent they claim. They say it doesn't necessarily make sense financially to trade in a gas hog and buy a new car, but...
Forum: FIRE and Money 06-25-2009, 08:08 AM
Replies: 129
Views: 9,180
Posted By FUEGO
No, but you have a 30% tax credit (up to $1500 or...

No, but you have a 30% tax credit (up to $1500 or unlimited depending on uses) to bling out your new McMansion with "energy efficient" stuff.

What a great time we live in - free money for...
Forum: FIRE and Money 06-25-2009, 08:07 AM
Replies: 129
Views: 9,180
Posted By FUEGO
So far I haven't seen anything preventing an...

So far I haven't seen anything preventing an individual from contracting with a third party who owns a clunker to buy a new vehicle from the dealer and immediately sell it to the individual. I think...
Forum: FIRE and Money 06-25-2009, 08:02 AM
Replies: 129
Views: 9,180
Posted By FUEGO
Our thoughtful administration has already done...

Our thoughtful administration has already done that. $8000 tax credit for new home purchases.
Forum: FIRE and Money 06-25-2009, 08:01 AM
Replies: 129
Views: 9,180
Posted By FUEGO
From their FAQ: "In addition to the credit,...

From their FAQ:

"In addition to the credit, will I get the full value of my trade-in vehicle?

No. The law requires your trade-in vehicle to be destroyed. Therefore, the value you negotiate...
Forum: FIRE and Money 06-25-2009, 07:48 AM
Replies: 129
Views: 9,180
Posted By FUEGO
There is a new website that the government has...

There is a new website that the government has set up to explain the cash for clunkers program.

CARS.gov - Car Allowance Rebate System - Home (http://www.cars.gov)

I'm still reviewing to see...
Forum: FIRE and Money 06-20-2009, 08:18 AM
Replies: 129
Views: 9,180
Posted By FUEGO
This law is kind of funny. I could bring in a...

This law is kind of funny. I could bring in a 1996 ford explorer that gets 14 mpg and trade it in for another car that gets 18 mpg (still a clunker) and claim my $3500 credit.

My latest...
Forum: FIRE and Money 06-19-2009, 04:32 PM
Replies: 129
Views: 9,180
Posted By FUEGO
True enough. I guess I would have to still pay...

True enough. I guess I would have to still pay use/sales tax upon transfer of the vehicle title from my co-conspirator to me. And that would likely be another $500 or so. This deal keeps getting...
Forum: FIRE and Money 06-19-2009, 11:13 AM
Replies: 129
Views: 9,180
Posted By FUEGO
The article says it is only valid through Nov 1. ...

The article says it is only valid through Nov 1. So if the old language remains requiring one to insure and have registered the car for a year, then no one can go out and buy a clunker today to take...
Forum: FIRE and Money 06-17-2009, 12:04 PM
Replies: 129
Views: 9,180
Posted By FUEGO
I think that is the answer. It will be viewed as...

I think that is the answer. It will be viewed as a punitive tax, and people are going to notice it every time they fill up the tank. And for the 50% of voters that make below the median wage, it is...
Forum: FIRE and Money 06-17-2009, 10:32 AM
Replies: 129
Views: 9,180
Posted By FUEGO
Lighter cars (which are typically more fuel...

Lighter cars (which are typically more fuel efficient) cause proportionately less road damage per unit of fuel tax they pay in general. Road damage increases roughly exponentially to the fourth...
Forum: FIRE and Money 06-17-2009, 09:34 AM
Replies: 129
Views: 9,180
Posted By FUEGO
But it accomplishes their primary objective AND...

But it accomplishes their primary objective AND nets a revenue increase. Primary objective reduced consumption of gasoline and the associated CO2 released as a result of combustion, plus all the...
Forum: FIRE and Money 06-17-2009, 08:36 AM
Replies: 129
Views: 9,180
Posted By FUEGO
How about simply charging everyone who's car gets...

How about simply charging everyone who's car gets less than 18 mpg a couple hundred bucks a year? Use the proceeds to give a $1000 rebate to anyone who buys a car with gas mileage better than 28...
Forum: FIRE and Money 06-15-2009, 11:33 AM
Replies: 129
Views: 9,180
Posted By FUEGO
That may be it. Generally, there is no vicarious...

That may be it. Generally, there is no vicarious liability for those driving your car unless they are running an errand for you, in which case vicarious liability may attach based on principles of...
Forum: FIRE and Money 06-15-2009, 09:11 AM
Replies: 129
Views: 9,180
Posted By FUEGO
There's some risk no doubt. I would only execute...

There's some risk no doubt. I would only execute the plan if I can get some clunkers cheap (around $1000). If the price of clunkers is arbed up to much over $2000, I would be very hesitant to take...
Forum: FIRE and Money 06-14-2009, 09:05 PM
Replies: 129
Views: 9,180
Posted By FUEGO
That wouldn't be a problem. I don't need new...

That wouldn't be a problem. I don't need new cars now, but I'd take new cars in a year if ole uncle is kicking in $3500 or so per car as a gift.
Forum: FIRE and Money 06-14-2009, 06:32 PM
Replies: 129
Views: 9,180
Posted By FUEGO
Dang! I was afraid of this and thought about...

Dang! I was afraid of this and thought about premptively buying one of these "on spec".
Forum: FIRE and Money 06-12-2009, 12:23 PM
Replies: 129
Views: 9,180
Posted By FUEGO
What is it worth to save a gallon of gas? $4.20...

What is it worth to save a gallon of gas? $4.20 per gallon.

Take Texas Pride's example of a 15 y.o. car. Assume 5 more years of useful life before it hits the scrapyard. Let's say he's...
Forum: FIRE and Money 06-12-2009, 09:40 AM
Replies: 129
Views: 9,180
Posted By FUEGO
It is too bad there is no way to make the price...

It is too bad there is no way to make the price of gas more expensive somehow so that people are encouraged to conserve fuel to a greater extent. Apparently $4 a gallon is the threshold where people...
Forum: FIRE and Money 06-11-2009, 12:16 PM
Replies: 129
Views: 9,180
Posted By FUEGO
Definitely. I would let my feet do the talking. ...

Definitely. I would let my feet do the talking.

Although I would probably fax/email out specifications to 10 dealers for quotes and go and negotiate with the top couple of places.
Forum: FIRE and Money 06-11-2009, 09:23 AM
Replies: 129
Views: 9,180
Posted By FUEGO
It's not a big deal in the US. We have Superfund...

It's not a big deal in the US. We have Superfund to clean up any environmental mess. It is free and provided by the government. They are here to help us.
Forum: FIRE and Money 06-11-2009, 08:53 AM
Replies: 129
Views: 9,180
Posted By FUEGO
You can always threaten to report them for...

You can always threaten to report them for violating the act. Violation carries a $15000 civil penalty.

In any event, I would walk if they won't take the deal. There's always someone else...
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