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August 2nd, 2009
02:43 PM ET

"Cash For Clunkers": Not for Everyone

Folks with an old "beater" in the driveway have been rushing to car dealers to unload them for up to $4,500 each - only to discover the aging cars don't qualify for the government's "Cash For Clunkers" program. Automotive expert Lauren Fix talks to CNN's Don Lemon about the program, and why a lot of people can't take advantage of it.

Filed under: Don Lemon
soundoff (8 Responses)
  1. elsa

    I disagree with this person about the maintenance of the clunkers. The cars are eligible not by the actual mileage they are giving but what the EPA has decided they do. If a person has an old Honda that has not been maintained and gives him 15 mpg, he wouldn't qualify because the car has been listed as giving 30 mpg. Also I think it is an incentive we would have traded in an older car but the mpg made it ineligible so we are keeping it.

    August 2, 2009 at 2:57 pm |
  2. Kathy Thomas

    Has it occurred to anyone to wonder why the government waited until they took over GM and part of Chrysley to implement this "Cash for Clunkers" program. Seems to me that could very well have saved those companies before bankruptcy.

    August 2, 2009 at 2:58 pm |
  3. lawrence

    Cash for clunkers ? Must be for the middle class, what about the other people who are in the lower class ? why does it have to focus on new cars only ? why can't it pertain to used cars also ? there are good used cars that many low income people can afford. sounds like this plan is for the new car dealers and anyone making 10 dollars an hour. why not help us who make only 7.50 an hour, we are the ones that need help.

    August 3, 2009 at 6:21 am |
  4. Hooman

    Horrible idea all around. Basically we are spending government money that we will be taxed to replenish to "assist" people with gas guzzlers get deeper into debt buying a new car, and making the UAW richer and more powerful still. Another example of useless spending by the Obama administration.

    Why don't they get it? We are propping up the unions that destroyed manufacturing in the US, and we are putting the people who can least afford it deeper in debt, all while adding to the huge budget deficit – and now Obama sends his Treasury Secretary to give us all the bad news – TAX HIKES FOR THE MIDDLE CLASS – who didn't see thatone coming??

    August 3, 2009 at 2:40 pm |
  5. mark godsey

    i think just who's paying for these people to buy a new car or truck or what about us who bought a new car last year due to high gas prices i didn't get 4,500 from the government its bull along with alot of these new billion dollar give a ways of tax payers money but only afew are getting the benefits from them note this car deal sucks like the fha low interest rate loans to keep your home i'm disabiled we bought a new car a year early and if you own a single wide home thats out lasted most new stick homes around here thats fell down due to storms but our home even if its here for ever my wife and me won't be living in it by next year when you get only 1,478 per month to live on and buy food and pay bills and doctors we the tax payers seem to be paying for everyone else's good time and low interest loans and government rebates . and right away after working 35 years in the auto business these new cars are no better than a10 year old car out there and so far none of the new cars made by the big three will get the mpg's the sticker says they will but the cars made by kia,nissan,toyota will due it plus some whats up with that america.

    August 5, 2009 at 5:25 am |
  6. mark godsey

    heres one for you as well on this the rich do getricher in america if you know the right people just like this deal we the people are paying for this 4,500 believe me plus this billion dollar bail out of the big three and this war on terror as well so we have oil all i see is all the suits and ties and ceos of the big three will have afew more years of millions in there pockets and unions are not the problem i've worked both and i back the unions myself its too bad people don't no that nafta is why your jobs don't pay or have benefits and why this country is in a mess ever since we let them start nafta i watched the company i worked for drop 3,400 jobs all now in mexico and yes this should help everyone whos bought a new orused car in the past year .

    August 5, 2009 at 5:38 am |
  7. Gary

    I've got a boat thats over 30 years old. Why don't Obama start a program where I can trade in my old boat for a new one? We can give the boat builders a shot in the arm. Or maybe he can offer cash for my old refrigerator, washer and dryer. This would give the appliance manufactur's a boost. Isn't this the same kind of under handed tactics that created the housing problem? Give the poor man just enough incentive to get himself back into a debt that he can't afford anyway. The next thing we're going to see is the banks having to reposses all those new cars that couldn't afford to be bought in the first place. All I see the Obama administration doing is trying to get 2 and 2 to equal 3. We are really beginning to see the true colors of Mr. Obama.

    August 5, 2009 at 11:37 am |
  8. Goudy

    I agree, this is Cash for Clunkers is hurting America more then it is helping. I am in the junk car bussiness and what the cash for clunkers deal is doing is hurting middle and lower america. All they do with the so called clunkers is destroy the motor and sell the rest of the car or truck to a scrap yard for about $200 per car. Which is bring the valve of everything as for scrape down. And have you gone by a dealer lately to see what kinds of "Clunkers" people are trading in. There fairly good running cars. Americans that drive real clunkers can not afford a new car which the cash for clunkers states you have to get in order to get the $3500-$4500. So who is this really helpping? It all goes back to show, the rich get richer and the poor stay poor.

    August 14, 2009 at 6:41 pm |

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