Comments on: Volkswagen Fits the Bill for “Cash for Clunkers” Program http://www.carbuyersnotebook.com/volkswagen-fits-the-bill-for-%e2%80%9ccash-for-clunkers%e2%80%9d-program/ A Car Buyers NoteBook Sat, 07 Nov 2009 19:31:17 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Minok http://www.carbuyersnotebook.com/volkswagen-fits-the-bill-for-%e2%80%9ccash-for-clunkers%e2%80%9d-program/comment-page-1/#comment-7837 Minok Sat, 15 Aug 2009 01:00:03 +0000 http://www.carbuyersnotebook.com/?p=9021#comment-7837 Well, the point is not to get car donations to charities or even to allow people to deduct charitable contributions. Sheesh, Karenc. The purpose is to: 1) Get less fuel efficient cars off the road (though I'd say they should give anyone the deal if they trade in a car for one that gets at lest 8mpg better than the car they are trading in, regardless of what they are trading in. (So someone can trade in car that gets, say 24mpg for one that gets 35mpg and get a credit just as well). 2) To stimulate the auto industry by creating sales. Neither of those things happen with charitable donations of cars. The old cars, still end up on the road... and donating a car usually does not mean you buying a new one. The two programs have no connection. Charitable contributions.. (and remember the clunkers program requires the car runs, was insured and registered in the past year)... they will recover, since the clunkers program will end at the end of summer. Well, the point is not to get car donations to charities or even to allow people to deduct charitable contributions. Sheesh, Karenc.

The purpose is to:
1) Get less fuel efficient cars off the road (though I’d say they should give anyone the deal if they trade in a car for one that gets at lest 8mpg better than the car they are trading in, regardless of what they are trading in. (So someone can trade in car that gets, say 24mpg for one that gets 35mpg and get a credit just as well).

2) To stimulate the auto industry by creating sales.

Neither of those things happen with charitable donations of cars. The old cars, still end up on the road… and donating a car usually does not mean you buying a new one.

The two programs have no connection. Charitable contributions.. (and remember the clunkers program requires the car runs, was insured and registered in the past year)… they will recover, since the clunkers program will end at the end of summer.

]]> By: Cash For Clunkers Leading to More Car Insurance Expenses - CarBuyersNoteBook http://www.carbuyersnotebook.com/volkswagen-fits-the-bill-for-%e2%80%9ccash-for-clunkers%e2%80%9d-program/comment-page-1/#comment-6087 Cash For Clunkers Leading to More Car Insurance Expenses - CarBuyersNoteBook Mon, 13 Jul 2009 02:55:41 +0000 http://www.carbuyersnotebook.com/?p=9021#comment-6087 [...] celebrated Car Allowance Rebate System is starting to show the fine prints which most motorists failed to look at. There are some small [...] [...] celebrated Car Allowance Rebate System is starting to show the fine prints which most motorists failed to look at. There are some small [...]

]]> By: karenc http://www.carbuyersnotebook.com/volkswagen-fits-the-bill-for-%e2%80%9ccash-for-clunkers%e2%80%9d-program/comment-page-1/#comment-5514 karenc Sun, 21 Jun 2009 17:40:34 +0000 http://www.carbuyersnotebook.com/?p=9021#comment-5514 60% the cars that are donated to charity will now be eligible for a voucher under the cash for clunkers program. Since the tax deduction for donating a car is only $500 or what the car sells charities won't be able to compete with the program and charitable car donation will end. A better idea is to just change the amount a person can deduct for donating their car back to the book value. That way every car is eligible, the government doesn't have to spend $4 billion of our dollars giving away vouchers and trying to administer a program that is way too convoluted! 60% the cars that are donated to charity will now be eligible for a voucher under the cash for clunkers program. Since the tax deduction for donating a car is only $500 or what the car sells charities won’t be able to compete with the program and charitable car donation will end. A better idea is to just change the amount a person can deduct for donating their car back to the book value. That way every car is eligible, the government doesn’t have to spend $4 billion of our dollars giving away vouchers and trying to administer a program that is way too convoluted!

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