Re: The synopsis I read was: Clunker less than 25 years old


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Posted by Todd Wilson on Friday, June 19, 2009 at 00:59:33 :

In Reply to: The synopsis I read was: Clunker less than 25 years old posted by Chriscase on Thursday, June 18, 2009 at 23:52:37 :

Well we'll use my buddy as an example. He owns a parts store and has a used car lot across the street. He routinely buys say a 1997 Buick Park Avenue for about 2500$ at the wholesale auction. Then sells it for about 3000$. The car had 100000 miles on it. Looked almost brand new. Super nice car.

We arent sure how much they got trade in on it but we'll say 2500$ the price that was paid at the wholesale auction. They could take this $$ or turn this car in for the Clunker Cash not sure exact amount and thats the end of this Buick Park Avenue. Sad thing is someone that could only come up with 3000$ to buy this car is now screwed as its headed for the torch. My buddys business will probably not do to good as there wont be any of these priced cars at the auction anymore.


Todd




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