Once you trade in your vehicle under the Cash for Clunkers program, the dealership must scrap the vehicle. Any dealership that doesn’t can be slapped with a stiff penalty.
The Cash for Clunkers program offers a $3,500 or $4,500 credit toward a new vehicle when you turn in your older, fuel-inefficient vehicle. Pickups, SUVs and minivans also qualify for the program.
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I've asked (myself and) others the same question, Joe, and have not gotten any intelligent response. What responses/feedback have you gotten, if any? Kemo
The company shredding the vehicle can salvage as much as the clunker as they want as long as it's not the engine or part of the drive train, according to Cars.gov, the official site of cash for clunkers. Dealerships are required to seize the clunker's engine before a salvage yard comes and takes it off to the crusher.
i was wondering how i would go about buying some of these clunkers.i own a salvage/scrap yard with a crusher.every dealer i have contacted has sold all of them to one particular salvage business.i would have paid more than he did.shouldn't there have been a bidding process?i never saw any notices in the papers.who can i speak to about this?...thanks
i forgot to add that i went to the scrap yard that bought all of these vehicles and every one i turned the key on started.
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OK, so the cars get scrapped, I get that. I suppose my REAL question is: Are the cars given or sold to auto dismantelers or do they just go straight to the shredder? These cars are still very valuable, either as used parts (just the transmission, the catalytic converters, the front fenders, hood and bumper and the airbags from a 99 Ford Taurus are worth $4,500.00) or as two tons of steel, aluminum, copper, glass and plastic (as well as a handfull of gold and platinum). I'd like to see the money trail for these cars. Someone somewhere stands to make a killin on these cars....I just wonder who, and how the deal was made.
-J. Bone