If this article is claiming that, based on historical sales, that 200,000 cars would have been sold even without such a program, then what you are talking about is massive fraud, not $44k a car.
These are not supposed to be normal trade-ins, they are supposed to be junk cars for new cars.
Junk cars owned and titled for at least a year.
These trade-ins are to be scraped in order to qualify. If they are just to be resold, what's the point?
It is not a program intended to allow you to trade-in your 2009 Hummer for a 2008 Prius, so I think point is missed.
$4,500 is nice, but I just don't see how someone previously willing to drive a heap is, all of a sudden, is willing (and qualified) to buy new as the tax and registration fee alone is going to eat up a large part of that; and, unless they pay cash on the balance they will defeat the whole reason they were driving a heap to begin with.
Outside of outright fraud, a heap would have to have been bought and registered a year ago and then sat in the driveway in anticipation of this event (or driven by a teen in anticipation of a graduation present), in which case the contention that each car cost the government $44,000 is correct.
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