Syclone CLUNKER how sad

[old5.0]

At a dealership here in KC, somebody traded in a beautiful 87 5.0 Mustang LX convertible with 32,000 original miles. This program is literally making me sick.

[Kim_Howie]

Local dealer told me you have to fill out 21 pages of paper work & if you screw one up you get to start all over!!!!!
I can't wait for National Health Care!!!! It will be O K just keep watching TV.

[Chateau Slate 66]

I'm not quite ready to wave the BS flag yet, but I am having a hard time believing that people are trading in cars that are obviously worth considerably more than $4500.

[JK98SS]

Now this is killing me. At a local Ford dealership, a 97 Camaro SS, and 99 Firebird Formula were traded in as clunkers.

Do they get the $4500 on top of the trade in value toward a new vehicle, or is it just the $4500?

[CC Rider]

I believe they only get $4500. Since the car can't be resold and the engine will be turned into a useless metal block, that's all the (misinformed) owner gets.

[PxTx]

I think you are entitles to $3500/$4500 plus the dealers best estimate of the scrap value of the car -$50 administative fee.

It has me wondering, if you could get the $3500/$4500 and then not accept the scap value and get the car back after the engine has been killed?

http://forums.audiworld.com/showthread.php?p=23832913

Here is an example of an Audi which has a very high value in the sum of it's parts. Has anyone heard of such a thing?

[SOM2001SS]

[ QUOTE ]
I'm not quite ready to wave the BS flag yet, but I am having a hard time believing that people are trading in cars that are obviously worth considerably more than $4500.

[/ QUOTE ]But these people are just going by "trade-in value." The problem is that the average person is not near as knowledgeable on vehicle values and the dealership tells them the vehicle's worth next to nothing so they figure $4500 is way better. Remember there are a LOT of dumb, or should I say uneducated people out there.

[ORIGLS6]

Nope. Dumb is the correct word.

There's no direct correlation between education and intelligence.

[VintageMusclecar]

In a way this reminds me of the early `80's when we used to see SS396 Chevelles and Z28 Camaros on the local short track and demolition derby circuits on a weekly basis.

As it was then, many today simply don't have any knowledge nor appreciation of America's automotive heritage.

[427TJ]

[ QUOTE ]
Local dealer told me you have to fill out 21 pages of paper work & if you screw one up you get to start all over!!!!!
I can't wait for National Health Care!!!! It will be O K just keep watching TV.

[/ QUOTE ]

Kim, I am sure you will be able to keep your health insurance carrier! Just don't miss a premium! Oh, and stay healthy!