Has anyone had a revisit to cash4klunkers?

I keep thinking that with everything we're finding recently, Cash for Clunkers might have been a china scandal. I believe I read numerous reports US sending all those scrap cars to China. Who seems like uranium one all over with lesser metals.

After Cash for Clunkers the scrap Market here in Florida at least tanked. This may not be related but regardless I can't shake the feeling something wasn't right.

It was a scam for sure, all the nice old reliable imports got scrapped out for credit towards an SUV that would turn out to be scrap in ten years.

Now look at the price of good used vehicles. A 99 tacoma with 200k miles is still worth ten grand!

I am personally saddened by all the perfectly usable vehicles they dumped sand into the crank case of just to make sure GM didn't go under.

Oh wait....

a reply to: a325nt

Wow I didn't even calculate how valuable or fixable a lot of those carse were. Better even in our scrap yards maybe.

I see cars and trucks turning 250k miles and still over 10k. They also killed the the smaller car flipping operations. Now flooded with Kia.

originally posted by: randomthoughts12
a reply to: a325nt

Wow I didn't even calculate how valuable or fixable a lot of those carse were. Better even in our scrap yards maybe.

I see cars and trucks turning 250k miles and still over 10k. They also killed the the smaller car flipping operations. Now flooded with Kia.

We bought one car new, that was enough. This sham killed the market for good used cars and inflated the prices by a lot. Something to remember though, people are driving far more than ever before (well, not right now of course) so it's not unusual to see 200k on a car less than ten years old. I had a heck of a time finding a '00-'05 LeSabre that wasn't rotted out or that had less than 150k miles on it in the region that they didn't want $4k for.

a reply to: randomthoughts12

Oh for sure.
When I bought my new Jeep, there was a used one on the lot for just over $30k with 110k km on it.
The warranty is gone at 100k, so your on the hook for $30k of payments if it craps out after 3 months.

Jeeps are way over priced to begin with.
I mean, I love em but damn, it's silly how much they cost now.

I could sell my old '85 Jeep, cj7 for $5k easily right now.

My Jeep Patriot was a brand new last year. It cost an arm and a leg.

Cash for lunkers?

I caught a big ol' barracuda the other day.

The scrap value of Autos is very high....extremely high.....why do you think people are stealing Catalytic Converters all over the dam place? Huge huge dollars in scrap.....enough to make it a serious issue of peripheral resource bleeding......just China using money to corner resources supplies without anyone noticing them preparing.

originally posted by: randomthoughts12
a reply to: a325nt

Wow I didn't even calculate how valuable or fixable a lot of those carse were. Better even in our scrap yards maybe.

I see cars and trucks turning 250k miles and still over 10k. They also killed the the smaller car flipping operations. Now flooded with Kia.

Scrap yards got hosed on that deal too. Wet all did.
To qualify for the credit they had to dump sand in the engine and destroy them, then crush the vehicle. Perfectly good running cars, perfectly good parts. All just destroyed to make a few bucks for GM.

We did ok with it. Klunked MiL's A6 wagon that she hit a deer with, it still qualified.

Got an Opel (Saturn) Astra for the wife for about $15k. Nice car, but underpowered and weak interior....otherwise good.