Seems everyone else has had a say why not me...
Since no one asked me my opinions when writing the bill or whatever they used to institute this program, my opinion doesn't hold much water.
But
Thinking from a purely economic point of view, wouldn't you want every piece of that car to be either resold or recycled? And if so, why kill the engine? Why not just part it all out and stick it on shelves to be sold later? Thus boosting the used portion of the cars/parts business? Then why not add that anything newer than 2005 with x amount of mpg will be eligible for relsale in a used car lot?
Seems to me that a lot of economic after thought was left out when throwing this together while we are in hard times.
Now think about it purely from an environmental point of view?
I want everyone to drive my "zero emissions car" (which everyone except the owner seems to know and understand that it can never be truly zero emissions) so I'm going to spend millions of dollars buying politicians to put through a program that makes people buy a high milage car and just trashes the stuff they traded in. Those poor souls who haven't seen the light will thank me someday.
Now think about it from a manufacturer's point of view?
I want people to buy my product new. Not just a used traded in form of what I have already sold. I want maximum profits for as little build cost. I need these sales to stay afloat. That $700 billion wasn't enough to get me out of the red.
Want my opinion?
Someone (or plural, obviously) has spent a lot of time and money to get us where we are today. Saving huge global business that wouldn't lift a finger to help us in return. Not just the car companies, but the environmentalists as well as the oil companies.
The problem is not that we lack the desire and drive to help out our people or country, but we as a nation lack the interest to make sure that it is done correctly and in the best intrest of us as a whole, not just a select group.
Sure, if you were looking to buy a new car, this is a great opportunity. But if your neighbor wanted, or needed, your old car because he couldn't afford to buy new, and you would be perfectly happy seeing him drive it around, why would you then just casually throw it out?
I think the radio stated that 900,000 cars in two days were traded in and then sent to the scrap yards. Not junk yards.... SCRAP yards. That's a potential % of cars that people could then trade their even older cars for newer. Thus reducing yet again, even if by a small amount (and hey, something is better than nothing right?), the amount of pollution put into the air by those even older guzzlers.
It's a great "idea" this cash for clunkers. But we implemented it too soon, and definitely without thinking it through.
I drive a 1988 Ford f-150. I have over 300,000 miles on it. I get 12mpg both loaded or unloaded. Doesn't matter. I would barely be able to afford a used car, but not a new one. And that newer used truck that gets 22 loaded or unloaded..... just got thrown away.