Update! Cash for Clunkers has been refunded!

Posted on 31. Jul, 2009 by in Uncategorized

Congress voted to tell the

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treasury to print up $2 billion more dollars. Cash for clunkers is now full of money, at least for the next couple of weeks. If you want a new car for a few thousand bucks, hit up the nearest dealership for some clunker action. I am still not excited about the plan. The price of quality used cars is going to increase for two reasons-

1. every jackass selling a car for $1500 now thinks their car is worth $4500.

2. The used car pool, which consists of cars mainly 10-15 years old, is going to be seriously depleted. While these cars will be going into the salvage lots, which will drive salvage parts prices down, buying a running car will cost you more.

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