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Our attorneys and accountants have told us that salvaged titles are no good for the program Joel..... Look it has been a week and still no one is on the same page...LOL :surprise:
Get a new lawyer and accountant :P
The official rule is clear on this. Anyone can read the official rule or the law if still confused.
:P
We've delivered everything that has all the paperwork in order ( our scrutiny ). Even if the deals haven't been accepted by NHTSA we're confident that they soon will be. All are legitimate and only the massive volume of submissions nationally and a few nits on the documentation are keeping us from registering all of our 100+ deals.
More...send more buyers. TYVM.
"As of last night @7pm, we are not accepting vehicles for the cash for
clunker until further notice. Presently,
we have over $70,000 of clunkers, that we haven't received vouchers from the
Gov't for yet. So, until we
get confirmation from the Gov't, the program is suspended."
http://www.cnn.com/2009/LIVING/worklife/07/31/camper.work.search/index.html
Waiting for the CARS rebates is no different then waiting for a manufacturers rebate and we wait for those all the time. Something you sell at the beginning of the month might not have the rebate come in too the beginning of the next month.
If that sale was part of a volume dependent stair step program it might take even longer to get the money.
His counter point was that we are used to waiting on the manufacturer not the gov't and I agreed with that.
From my understanding, based on the cars.gov website, it depends on the state. Is there a rule written somewhere or california government website that can clarify this? My dealership insist that we pay the sales tax on the full price. I want to provide them the correct info.
link title
Sales tax after the rebate is deducted.
">link title
The dealer is right, and you have to bring the car back. Otherwise they will not register it, not submit the loan, and the car will be reposessed.
You can renegotiate the deal when you come back, because the dealer is not interested in having a new car with miles, and losing a sale.
"The House voted Friday to rush $2 billion into the popular but financially strapped "cash for clunkers" car purchase program, heeding calls from consumers who hope to keep taking advantage of the trade-in incentives. The bill was approved on a vote of 316-109."
This will keep it going for a while longer, maybe thru September. IMO they are ready to add a bit more if needed. It's the best stimulus package that Obama has come up with that the American public can wrap their arms around.
We were told that the other day. The only 2 C4C deals I wrote weren't salvaged titles... I just checked with MGMT and they verified we could use salvaged titles...
I can't wait to see what happens next. I am actualy pumped to have this weekend off after working 30 days this month....
GP
That's kind of a damning comment. What I mean is that whether it is a D3 auto or a foreign auto much of the stimulus is going overseas. So yes C4C is successful, and yes C4C may help stimulate the U.S. economy, but it is not very targeted. It's like using a shotgun to hit a bullseye.
When you renew, you have to pay for the whole year, so it is covered retroactively, you don't pay a pro-rated amount based on when you paid. Also the registration document has an effective date and a renewal date. The effective date is the birthdate and the renewal date is the date you actually paid.
it has been registered to the same owner for seven years!
I'd guesstimate no more than 50% of the money is staying her ein the U.S. Korean cars are almost strictly made in Korea, many of the GM, Ford, and Chrysler vehicles are made in Canada and Mexico, and while some of the Japanese cars are made here in the U.S., many aren't. Or if the cars are assembled here the engines and many parts are coming from overseas.
I'd rather see the stimulus money go to large project construction. Let's build some roads and bridges, some dams, some nuclear plants, ... It's hard to outsource construction to foreigners thousands of miles away.
The C4C program doesn't work for me, but it would work for my work-neighbor if he gets down to a dealer quick enough. I keep telling him he'll be a "welfare bum" who already makes enough money that he shouldn't be putting the country deeper in debt.
link title
For instance, my Explore tags expire today, I have been way to busy to go renew, it will be next week before I go so I will have one registration expire on the July 31, 2009 and the renewal will be on like August 4, 2009. So I will have a lapse on mine.
I had no idea this program would be this successful.
Neither did Obama!
Well if a person goes down to their dealer and buys a Toyota RAV4, VW Jetta, Subaru Impreza, V-6 Chevy Camaro ... which are assembled in other countries, and many of the parts are made in other countries, how much of the $4,500 the government is spending stays in the country? The dealer and salesmen split maybe $500 profit, if the vehicle's somewhat profitable. Ford or GM corporate get a few hundred to put back towards the $30B GM loaned and will never pay back?
It would be much better to put $4,500 into a construction project and have the $4,500 stay here in the U.S. then to put $4,500 into the auto industry and sometimes more than half stays and sometimes more than half leaves.
I am not saying that the money does not recirculate thru the economy and cause a multiplying effect. I'm only saying that it is better to start with a larger number recirculating.
While we're sure it makes sound financial sense to close the Marysville Motorcycle Plant, it strikes us as odd timing to shutter its first U.S. manufacturing site given that Honda is right in the midst of celebrating its first 50 years in America. Conversely, Honda plans to further expand its automotive manufacturing footprint in the U.S. Currently, about 76 percent of all Honda vehicles sold in the United States are produced in North America. Unfortunately, we can now strike the Gold Wing off that list.
Now that is Autoblog and their idea of journalistic integrity is a little low so I am not sure how accurate that number is. Even if they are off by a fair amount that is still a lot of cars made in the US.
And that should give and others pause on thinking they understand a much more complex issue/program - health care.
Same here in NY, the greedy bastards! :mad:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Ya know, I lost sleep on Sunday night before we went to the dealership about this whole thing. Then I picked up my car and felt safe, salvage title and all, once we were "approved by the system". I'm pretty sure they were submitting the voucher today because they called for a couple more things from me. The dealer actually asked me to drop the window sticker off and there is no way that I'm going near that place for fear my Mazda will disappear before my very eyes (so I faxed it over)!
I guess I'll know soon enough if my sweet Mazda5 will have to go back
Make sense? Or dreaming?
In addition, it is just possible that some of the money that goes to employees of foreign manufacturer's gets spent on products from the US. We do have a large trade defecit, but there still is a huge amount of exporting of products from the US.
Finally, other countries are doing similar programs and there may be cars from US based manufracturer's being purchased under their programs.
the lawyers and accountants figured there were plenty of C4C deals to be made, so why expose the dealership to that risk?
Nope. Do a little research. You'll find that most dealerships make very little on new car sales, and rely on making more per vehicle on selling used cars. Dealerships also make a lot of $ on servicing vehicles, selling their parts and services for list price.
If anything the C4C program will decrease the amount of repairs and service needed as these newer vehicles will be towed much less, have new batteries, tuneups, engine and transmission rebuilds, shocks, struts and tires ...
Even vehicles which are assembled in the U.S. do not mean that the majority of the labor and wages of the build are in the U.S. Someone mentioned Hondas - I know for years that many of the engines and transmissions are imported, along with almost everything else electronic. So a U.S. assembled Honda probably still has more hours of foreign labor in the parts than U.S. labor.
the lawyers and accountants figured there were plenty of C4C deals to be made, so why expose the dealership to that risk?
The law and the rules document are very clear about this, so what risk are you talking about? They can easily called Clunkers HQ to clarify for them.
This has nothing to do with where the dealer is located.
Clunkers were unlikely to be serviced at dealerships, I would assume.
Would your dealership rather sell 10 new cars or 50 this month? If the answer is 50, why would that be the case, since nearly no revenue to run the dealership is supposedly coming from those new car sales?