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Old 07-29-2009   #11
john
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Join Date: Oct 2003
Location: Isanti, MN
Drives: Dodge Viper and Honda Insight
Posts: 2,206
Re: Might be trading in my Eclipse on the Cash for Clunkers program

I am trying to figure out what they are doing with these and cannot get very far. I know they use a solution to lockup the engine and that a salvage yard has to crush it within 180 days.

It talks about how a dealer can sell them at a salvage auction so there must be some usable parts. I am doubting they are going through the process for scrap metal (to recycle). It wouldn't make sense for the gov to just bury all these cars. Doesn't pass the smell test.

Seems that most salvage yards get rid of most of the parts to a vehicle within 180 days so I am not sure this is going to be horrible for the salvage market. If I get more time I am going to look into it but it won't affect my decision in getting rid of my old truck.

I wouldn't be suprised if the above vehicles (nicer ones) got more than the $4500. It works as a $200 scrap trade in and a $4300 voucher. A dealer getting a nicer land rover would have a larger salvage value than an 88 F150 and most likely entitle the customer to a larger than $200 scrap value.
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