JUNK CARS COST AMERICAN TAXPAYER $24,000 PER CAR

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JUNK CARS COST AMERICAN TAXPAYER $24,000 PER CAR

Cash-For-Clunkers

This may be old news but we’re not too sure if most Americans actually know how much money the Obama Cash for Clunkers programs cost taxpayers. The answer was a staggering $24K per car. When the program commenced we weren’t fans of the government handout which was supposed to bail out the Automotive industry after the financial crisis in 2008. The concept was simple, bring in your junk car, regardless of its condition and get up to $4500 in rebates towards the purchase of a new fuel efficient automobile. Disposition, procedure, dealer compensation and other fees and expenses drove the price up to $24K.

A full breakdown of the program can be viewed here http://money.cnn.com/2009/10/28/autos/clunkers_analysis/

Looking back at the program, each scrap car cost $24K to dispose of. Think about it, $24K to buy scrap metal, a far cry from the $75 you’re getting for your car now as the price of metal averages at around 4 cents per pound. No wonder why this country is in such bad shape and owes $18 trillion in debt. There might be some truth to Donald Trumps “The US Government just keeps making bad deals!”

As always, if you have a junk car you need to get rid of, we may be able to help. Just call us toll free 888-589-1747 or visit us online at www.rcocashforcars.com. Service is offered in all 50 States.

By | 2015-11-17T17:00:51+00:00 November 17th, 2015|Cash for Cars|Comments Off on JUNK CARS COST AMERICAN TAXPAYER $24,000 PER CAR

About the Author:

RCO Cash for Cars company's model was created to be one step above all the other car buying companies. We treat customers how we ourselves would like to be treated if we needed to sell an automobile. Honesty, integrity, respect and professionalism! Anything less than that is unacceptable. Our company evaluates vehicles based on the age, mechanical condition, and overall history. There is no one size fits all when selling a car, truck or van. Our human element approach eliminates the flaws of generic pricing guides. RCO Cash for Cars prides itself being one of the top car buyers in the country and is always looking for other car buyers and recycling facilities to join our network. Please feel free to contact us directly with questions or concerns!