What happens to "$$ for Clunkers" cars?

[Russ H]

They can't be resold as used cars.

6abc.com and Action News: What happens to "Cash for Clunkers" cars? - 8/03/09 - Philadelphia News - 6abc.com

-Russ H.

 

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[rcardin]

Sounds like a good time to start a junk yard. The parts are probably worth more than the whole

 

[LightHouse]

Thre is a clause in there about the parts, i think the main powertrain has to be inoperable, they pour something in it. but i think the rest of the parts are up for grabs and the thing gets crushed

 

[jokerGN]

The other interesting part about the bill is when it was first drafted it stated that the vehicles the rebates were used on had to be produced (or atleast the majority of the production) in the United States to help drum up work and jobs. Some where that part got lost in translation because in my area I see the Kia and Hyundai dealerships doing a lot of clunker business.
Also this is driving up auction prices on what used to be affordable second cars. Just this past week a '00 Ford Expedition w/ 80+k miles went for $7k. This will definately create opportunities to make money but at other peoples expense. I see the scrap industry doing very good for the next few months off the program though.
Sorry about the rant.

-Mike

 

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[Travis_G_Dunlop]

i work at a Honda dealership now while i'm in school and all the cars are drained of oil and then they pour a substance called liquid glass and it locks up the motor so that it is unrepairable. From there they are kept in a lot until a tow truck comes and takes the cars to a junk yard and i believe the junkyards give the dealer like 200-300 dollars but thats all i know of it..... and by law they must seize the engine

 

[Adam_C]

Same thing happens here, the cars go to the junk yard and thats it. No way to get the car or the parts.

 

[I85]

Tons of cars here will be being sold at auction, so I would assume it is the same elsewhere.
sample inventory page:
Sale Listing

I'm interested to see what my friend says today junkers sold for. From what I understand, the cars cannot be registered again, which is why it says "junk" title for them instead of "salvage". The cars can be parted out, but must be disposed of(crushed) within 6 months. That's what I've been told at least.

 

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