Cash for Clunkers Program 2009: Not for everyone

We have spoken about the new Cash For Clunkers Program 2009 and offered the full list of eligible vehicles, but it seems that this latest incentive from the Obama administration is not for everyone. This latest incentive from the government has been put in place in the hope of enticing car owners to trade in their older vehicles for a new more fuel-efficient model.

The official name for the Cash For Clunkers Program 2009 is Car Allowance Rebate System (CARS), and according to the Detroit Free Press, car dealers in the Detroit area have said that they are satisfied with the turnout of customers looking to purchase a new vehicle.

Although a number of dealers and customers have said that they are pleased with the program, some are not that pleased. Under the Cash For Clunkers Program, the car that is traded in will be demolished, this included the engine as well.

The problem with that is the fact that drive-trains account for almost 60 percent of the revenue for a recycler. Associated Content explains that the Automotive Recyclers Association has said destroying pistons and smaller reusable parts from an engine could normally fetch between $1200 and $1700, just destroying them seems a waste.

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