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Very true, but you're a decade or two late for that. IIRC Cash4Clunkers put like a $3k floor on used car value (~$5-7k in today's dollars) meaning you'd never s
by ramses0 7mo ago
Very true, but you're a decade or two late for that. IIRC Cash4Clunkers put like a $3k floor on used car value (~$5-7k in today's dollars) meaning you'd never sell your old car for $2k to an individual when you could sell it to the government for $3k.
Per google it was started in 2009, which means any car worth less than $5k around 17 years ago isn't materially impacting new or used car prices today.
- bluefirebrand 7mo agoHuh I could have sworn the cash for clunkers thing was much more recent. Thank you for the correction
- maxerickson 7mo agoIt was like 700,000 vehicles. Enough to have an impact, but we buy like 15 million cars a year, it's gonna smooth out fairly quickly.