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Cash for Chunkers: 2010 Toyota Tundra V6 on the Dole

President Barack Obama, July 31 2009:

“Now, one of the steps we’ve taken to boost our economy is an initiative known as ‘Cash for Clunkers.’ Basically, this allows folks to trade in their older, less fuel-efficient cars for credits that go towards buying fewer, more — newer, more fuel-efficient cars. This gives consumers a break, reduces dangerous carbon pollution and our dependence on foreign oil, and strengthens the American auto industry.”

Toyota advertisement, August 17 2009:

2010 Toyota Tundra V6 advertisement

City mileage for that 2010 Toyota Tundra pickup bought with cash-for-clunkers funds: 14 miles to the gallon.

6 comments to Cash for Chunkers: 2010 Toyota Tundra V6 on the Dole

  • Jacob

    This is a joke. The cash for clunkers has only accomplished one thing. It hurts poor people. The roads arnt cleaner. The dealerships are not doing any better because only 2% of the claims are being paid by the US and that 2% is being paid slowly. According to an article I looked at this morning many dealerships are in worse shape now then before.

    How does this hurt? Poor people many times can only afford clunkers. they cant make 300 per month payments. With fewer clunkers on the road for them to buy they will have a harder time finding a car and may have to pay more for it. Supply and demand…

    I could be wrong on this hurting, it may be too small scale to hurt that much, but thats my feeling on this

  • randy ray haugen

    jacob, you could be way wrong. the poor people are not getting hurt by this. there is no shortage of clunkers, not now and not after the “cash for clunkers” runs out of cash.
    it did seem odd to me when i saw foreign car companies vying for the clunker cash. maybe these companies have factories in the u.s.
    i don’t know, he said “american auto industry” toyota hardly seems like it should qualify.
    it seems to have a big turnout from middle class folks wanting to get rid of older models that would not bring much as a trade-in or on the open market. the cash may be slow in getting there, but i am sure it will. i think the response was so huge that the systems were overwhelmed or ill prepared.
    how much it really helps the economy and how much it helps the environment is questionable. but,it did boost the weekend sales at the auto mart, i’m pretty sure of that.

    • Jacob

      I agree that the Toyota thing seems like an issue as well, but it does help the local dealership, the local assembly plant and the loca distributers.

      Another question I find myself asking is; Since debt is what is sinking the ship in the first place is having people trade in debt free cars (most of the time) in order to pick up $10,000+ in more debt a smart idea??? people cant pay their bills and are losing jobs but they are gaining more debt. Seems like a bandaid that could help develop an infection that makes the wound worse…

      I guess I just really dont like tis program

      • Jim

        Good point, Jacob, unless the Congress assumed that people wouldn’t take on debt when buying cars under the “cash for clunkers” program, which would mean that the program was only intended for those who have $10,000 or more to spare. People who have an extra $10K lying around don’t need stimulus.

        Or, hey, herm, maybe this stimulus wasn’t really meant for people.

  • randy ray haugen

    the people are taking advantage of a good deal. whether you finance or pay cash, if you need a car and can get rid of a clunker, that’s a good deal.dealerships are offering other incentives as well, like no-interest loans and other rebates. real people are benefiting, along with the entire auto industry. the question would be, how much and how many?
    if you can’t pay the bills you have now and you are losing your job, you are not thinking about a new car, i’m pretty sure.

  • Jacob

    I saw to day that the top three cash for clunkers cars are

    1. Toyota Corolla

    2. Honda Civic

    3. Ford Focus

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