Is Cash For Clunkers On Its Way Back?
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- Опубліковано 27 вер 2024
- This week, a Regular Car Reviews special report. Now, I HOPED I'd never have to make this video. You see, last year, I did an RCR Stories on the history of Cash For Clunkers, and how it ended up being a terrible idea, not just for the auto industry but for the used car market. And now, the word is that it could be coming back? What could this mean for the cars we love? The cars we have? And the cars we might want to buy someday?
In a special RCR report, I take a look into who's in favor of another Cash For Clunkers program, what types of incentives could be offered for used cars, and why it's still probably not the best idea for saving the economy, much less the auto industry.
Watch the original RCR Stories on Cash For Clunkers:
• Cash For Clunkers: RCR...
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Take cheap cars off the road and put people into cars with a 96 month loan. That is the worst way to help people. They’re in trouble because they already have too many loans.
They're goal is to not help people, because that would be sOciALiSiM, they are going to, as always, make money and leave the poorer of society out of luck with cars.
@@gilbertosantos2806 socialism is the exact same self-interested wealth aquisition at the expense of the poor, just with extra steps. and a whole lot of frosting on top
Not only that, but the material and labor required to make a new car pollute more than what your car puts out.
It'd be much more efficient for an industry to surround itself around innovating and replacing parts.
MyDailyUpload If you have to get a 96 month loan thats your fault. Pay your bills and you won’t have an issue buying a car.
@@Cheesemonk3h im not very good with analogies, but you get my point.
Stimulate me daddy government - Auto industry
Kresh42 I almost peed my pants after reading your comment. 🤣
Then bail me out. So they rich get richer with no down side. Put the petal down
Think about the single moms out there struggling with two kids.Guys needing to get back and fourth to work in a shity state like nh.once cash for clunkers crushes those cars the value of the used market goes up and its harder for most people to get into stuff.
When will we learn? You can't remortgage a future by destroying what little you have left.
What kind of bullshit, bumper sticker, country song logic is this? At least 46 Russian bots and Boomers feel you.
chooseymomschoose, He’s not talking about politics, He’s referring to used cars. (Or if he isn’t, then I’ll give you three f-word passes.)
Perfectly said.
If there’s another cash for clunkers, that would truly kill off the last of the Pontiacs still on the road 😢
My 06 Pursuit is rusting to death and has a lot of issues. I'd do it.
NegativeZero all those poor grand prix’s and grand ams lol
Not mine. They will have to take my 08 Vibe from my cold dead hands
I'm already stuggling finding a LS2 GTO. I don't need this to make it harder
Not my Vibe. I'll never give it up.
It sucks how so many regular people think all old cars are junk. Theres gonna be alot of people scraping their dead grandparents classic cars so they can get a new ford escape to spill their starbucks in😞
I call an old car Junk when:
It's a Northern Car, and the God of Rust has claimed his due. (if you have to weld half the car, it's probably not worth saving)
When the engine goes, and replacements are hard to come by. (my GN125 motorbike fit in here, engine from China costing more then a new clone of the GN125 itself...)
Ditto large numbers of other small parts becoming difficult to get.
Breaking a windshield on a body who's soul is soon to be claimed by the God of Rust.
That's the only time an old car is straight up junk to me.
Elliott Carson so true man especially the starbucks! My lil sisters friend thinks her 2015 grand cherokee is SO much better because its newer than my sisters 98 blazer with over 400k miles 😂💀 i havent needed to do anything to that blazer in a year and all i did was change the rear u joints and oil, STILL HAVENT CHANGED THE OIL CUZ ITS STILL MINT 👌 400k miles on the motor and trans all original not leaking or burning fluids but because its “old” its not a good car. This generation is fucking retarded i swear, especially thinking a newer jeep is “a good car”
All the nice cars are in arid states. Up here in the north anything from 2008 and older is rusted to shit and falling apart. My 2001 buick was held together with hopes and dreams. My 2002 civic was crusty and gross and almost fell off the lift for a tire change. Salting should be a crime.
@@Xachremos it might be it another way the state could profit from you getting it in the shop and getting you pulled over for a rusted defender.
@@Xachremos My '02 Grand Marquis has been through 18 ohio winters and is still rust free, it's very clean underneath too.
"I wanna believe no ones that stupid"
Looking at the auto industry and the world in general, I'd say everyone's that stupid.
Hahaha fr man
Miata Marine It's worse with me, I think the world is full of shit! I don't think it used to be that way. But that's the way it's going!
A more efficient new car will never be as environmentally friendly as a car that runs till it dies.
Exactly, because new cars aren't built to last as long anymore. So that means more cars get produced to replace the previous year models, which creates a shitload of pollution.
Yep. I drive a 1973 Volkswagen squareback. No radiator, the motor is air cooled. It’s a very small car, barely longer than an old beetle.
It gets about 26 miles per gallon, but I manage to get more than 26 because of the way I coast while driving. Half of the way to my work I’m not even putting my foot to the pedal.
People are very surprised when I tell them about the MPG. They think that cars from the 70s get 10-15. It doesn’t make any sense. We really haven’t made any advancements on fuel consumption.
I will never sell this car. I’m going to drive it until the day I die. Unless someone totals it. Which, in all honesty due to the low safety feature, will likely also be the day I die.
Ian Chameleon
Electric cars are not viable long term, despite what the media & researchers like to shill.
Electric cars, such as Tesla, use a lot of batteries. And I mean A. LOT.
The only way to obtain the resources used to create these batteries is by blowing up mountains and obtaining the minerals deep beneath the surface.
So if that’s the path you want to take, go ahead and take it. I’d rather use gasoline.
@@zaya7330 Please show us numbers to back this up, as blatantly calling everyone a shill is not helpful, as it discredits *actual* research and basic math.
@@bigballz4u Definitely. And even if they were being charged using coal electricity, it's still better for the environment than gas powered cars.
The current American version of capitalism: "Socialize the losses for corporations!" - what a joke
Socialize the losses, privitize the profits. Capitalism 101...
@@William-Morey-Baker That's the thing though, it's not "capitalism" if you define it as free markets. It's some other abortion that people are calling "capitalism".
america is a joke
Privatized profits, public bailouts.
The backwards version of the KdF Sparkarte...
30-ish million people unemployed, the economy is essentially shut down and people have lost their life savings.
So let's get people to buy $30,000 + cars to stimulate the economy.
DERP!
They're going to be buying $18,000 Elantras.
Economics isn't that complicated. 70% of US GDP comes from consumer spending. The real "Job creators" are the consumers, not "benevolent corporate overlords". The only way to boost US GDP (which shrank by 4.8% in the report out today) is to get people to spend money.
Consumers don't create jobs, they consume the product the people working the job created. A person had to invest capital to create the job and hire employees to fill those jobs to create the products that the consumer buys.
Coronavirus probably had something big to do that 4.8 percent drop in GDP.
@@davelikesbacon hahaha. Consumers don't create jobs... So why are airlines and Cruise lines firing people left and right?
@@masterkang1024 The world is shut down and people are not flying or going on cruises.
You're conflating consumers with creators. People need to create a product that leads to a job being created for consumers of said product(s) to even exist.
We didn't create UA-cam but we use the product. We're consumers. The guys that created Regular Car Review created the product buy putting up their capital on equipment and time to make videos.. We, as consumers, watch it and argue about stupid shit in the comment section.
Yes, job creators need consumers to finance their businesses so they can grow but jobs had to exist before the consumers could consume.
Its funny, my mother who is 63 was in my dealership one day for a oil change and tire rotation on her 08 Ford Ranger. While she was waiting she was harassed by a sales man to "trade on up to a new RAM truck!" to wich she replied "no thanks you im good. I dont like the new plastic trucks i got a real truck thanks..." to wich the sales man was speechless lol. There was nothing wrong with her ranger and she knew it so why did she need a new vehicle lolol
Dealerships are fucked. The whole vehicle industry wants you to upgrade every 3 years and tries to brainwash people into thinking it's necessary.
Same thing with phones. What's the point in buying a flagship phone just to upgrade in a year? My old phone still does everything I need it to.
Sincerely, I mean no offense to you or your mother because I agree that no one with a solid 08 Ranger should feel the need to "upgrade" to something new if the Ranger is still satisfying their needs, but...a 2008 Ranger is pretty much as plastic as any new truck. It's not like she was driving an 80s F-series or something.
@@shaloon64 or at least thinking its necessary for the wrong reason. My biggest issue is safety ratings. I won't buy a vehicle without curtain airbags, crumple zones, ect. My current vehicle even has knee airbags. Unfortunately, new cars are so often out of reach for people, its unrealistic, and they are expensive because they are absolutely overloaded with tech. We need a manufacturer to make a cheap new car in their lineup that put's safety first at a cheap price. So important.
Steven Williams
Yeah I agree. I’m still rocking an iPhone 7 I got for free. I’ll use it until it breaks.
No matter what they offer, I'm not giving up my 20 year old Mercedes Benz.
I still wish I never got rid of my 30 year old BMW. Even tho it didn't run past month 1 xd
My oldest is 29 :)
Good for you. IMO, the new Benzes suck; I've seen a handful of videos in which these 2015+ Mercedes interiors creak like crazy when they are touched. Automakers don't make cars like they used to.
@@johnr4298 I can agree my w205 C300 creeks like mofo lol, quite surprise with the shit quality they put in them.
gave my 02 E320 4 matic with 58, 000 miles to my daughter for graduation. she wants to drive it til it dies.
"the fuel economy will be 50% better than the car scrapped"
yeah good luck with beating my 60mpg city in my jetta tdi
Right. You can't squeeze any more efficiency out of newer cheap compact cars unless you add overly complex designs and higher costs
Exactly. Why can't a 2020 model "X" car get more than 10MPG better than the same car from 1985? Because of all the added weight from air bags, electronics, power options (standard) up the ass, more "safety" electronics like tire sensors back up cams etc. Hundreds and hundreds of pounds of crap that were not on the average car 35 years ago.
Yeah ICEs have really seem to hit the pinnacle of practical efficiency. Any more techno-wizardry to try to squeeze out some more mpg out of cars is in all likelihood going to result in diminishing returns. Electric is the future of efficiency, with the limiting factor of battery technology and infrastructure, which will likely improve over the next decade as several different major auto manufacturers make serious bids to get stake in the market.
Regardless, no matter how efficient electric vehicles get, it won't mean much if the energy grids they draw from are predominately fossil fuel-based plants. And the only way to transition away from those plants will be a major investment in new nuclear power plants, which seems highly unlikely considering how unpopular those are, and most countries are actually shutting theirs down instead of building more.
@@seththomas9105 but the new mx-5 weighs less than the og NA
@@ShortVideosRUs tbh even if you live in a predominantly coal fired area, equivalent co2 per mile is still lower with an electric because the coal plant can run at max efficiency, kind of the same argument behind hybrids 20 years ago. Yes they emit more sulfur etc than petrol cars would do, though. And most places use natural gas, not coal, which is even better compared to ICE. Still not Entirely Clean but then even solar panels have some embedded costs from fuelling the mining vehicles and the factories and stuff. I used to believe the "it's the same pollution, they're just moving it to the power plants" but it turns out that's not the case so much in recent years. Even if you take the complete cradle to grave energy costs of both types of cars into account. Only the absolute least efficient electric cars are beaten by the absolute most efficient ICEs, we're talking those hybrids that reached 100mpg by burning really lean in a way that fails emissions regulations nowadays for NOx and particulates and stuff. So you'd have to go from the smallest kind of hybrid to one of those upcoming huge trucks like the Rivian or the GMC HUMMER, and live in a place with coal power, before the co2 per mile becomes comparable.
Oh boy, more TDIs and other economical fuel sippers taken off the road for SUVs and crossovers. Yuck.
They can have my Jetta when I’m dead
There is many stadium parking lots filled with unused rental cars that will flood the used car market soon
Can't wait!
There was a huge rental car fire at RSW earlier this month due to overflow being parked in a dry grass lot. The losses were in the hundreds if not thousands of cars
Here in orlando they just left them in a forest off of higway 417
@@triptheroad sounds like it was almost intentional. Just like the airlines parking thier planes in tornado alley
@@triptheroad insurance fraud
Trust me, Ford, If I’m spending money on a new car, I’m gonna buy a car I actually want.
Hear hear. Jim Hackett's shortsighted decision to kill most passenger car will come back to bite him.
@@Fuji086 fr. What's their least expensive vehicle now? A 28k stripped down ranger? They're missing out on a huge chunk of the market
No Fiesta, no Focus, no Taurus? Worst of all, no Flex (and not upgrading the interior for 10 straight years)? They're not getting any of my money.
It’s a shame because not just were Ford cars decent all around, they were decent enthusiast cars. I have nothing against electric or hybrid, but eradicating the ICE all together is just lazy.
@@jacobrzeszewski6527 yep for a solid 5 years ford was THE performance brand. Focus st and rs, fiesta st, mustang, raptor, Taurus sho, fusion sport
I'm just going to do the same thing I did in 2009: keep my old ass vehicles and not let anybody take them from me for any reason. Ever.
About 2.5 months ago somebody re-totalled my 26 year old Mazda Protege with 327k milies. What did I do? I found a 29 year old Mazda 323 with 94k miles. I like what I like.
you will never see me buy a new car. I will drive shitboxes until I die.
michael Miller until there aren’t any more
I am so underwhelmed by new cars. The blandness and dependence on gadgetry to define the driving experience just turns me off. I’ll keep my two cars.. One of them is 20 years old and still going strong and has things no new car could offer for love or money.
And paying subsidies for your rich neighbor's hybrid SUV :/
@@Bmovie5000 Thats the "thing" Driving experience... most people (especially young and female, DONT CARE about or want it... not to mention, even if you DO like/ want it.. where can you actually do it ??? {that doesnt cost a fortune}
@@rolling1885 When I refer to driving experience , I’m not referring to high speed, high performance thrills. It is the little things, the seat of the pants driving feel on a twisty country road that appeal. Down shifting a good manual naturally aspirated car into a bend. Feeling the road through the steering wheel and knowing what the car is doing. Many if not most new cars are devoid of this- safe, sterile, boring.
How to get people to buy new cars: STOP MAKING ROLLING AMBIEN TABLETS
Lol you got me
best comment
Haha that's exactly what they are!!
Please explain how regular cars used to be more interesting in the decades past.
stopit your making them sound cool!
My main complaint is that this seems like a way to prop up big business on the backs of the working class.
I'm one of those people who thinks it's absolutely bonkers to buy a new car when there are so many perfectly good reliable used cars that are still in good shape. You just need to know how to look. As a matter of fact, towards the end of 2018, my mother had to scrap her current car due to rust damage and bought a 2012 Toyota RAV4 with only a few thousand miles on the clock. It was almost like new, and only cost a fraction as much as a new vehicle.
So, why should a blue collar family buy a more expensive new car when a used car is a much, much better option? If the auto industry absolutely NEEDS a handout, can't they just get free money from the goverment like Boeing did, instead of asking people to buy a new vehicle?
If money printing(aka as "stimulus") worked as a solution to economic ills then Zimbabwe would now be a very rich nation.
and Venezuela would be richer than saudi arabia
@@thronritter6295 Zimbabwe and Venezuela's issues had nothing to do with stimulus and more about other socio-political issues (forced redistribution, dependence on a petrol economy, etc.)
Dude the us Dollar is both the world's trade money and the world's cash reserve money . We are in no danger of the dollar crashing.
@@lego4virgo Debt still causes inflation. You're instantly creating $30,000 of value leveraged against your ability to create that value plus APR in 72 months.
Rhodesia
Maybe if American car companies want to improve sales they should build better cars instead of ruining the used car market again.
NO! I still need to buy my early 2000's sports cars!
The classic American method of putting a billion dollar band aid over the hemorrhaging artery that is the debt crisis and people not being paid enough to afford a middle class lifestyle anymore...
just give the money to the people! (I mean a billion dollars spread around 300 million people is like $3 per person but y'know what I'm saying)
The only people that a cash-for-clunkers scheme really helps are people that would have already been in the market. If you are on minimum income still rocking an early 2000's clunker that still runs is a few thousand rebate really enough to convince you to take out a ton of debt to buy something new?
Unfortunately it is. These are people who have on average, made more poor life decisions than their peers.
@@jbdoingjbstuff and that makes their lives much worse but as long as the corporations stay okay the government doesn't care
@@JowoHD You can't always protect stupid people from themselves.
It depends on the car and situation. For me getting a few thousand off a new car could make enough of a difference between buying a used car and a new one, given the price difference. Especially if I have the means to pay it off and drive away with the low, low monthly payment of $0.
@@Traysandor if you can pay off the car in full at the start you're not exactly the same group as the low income families that guy quoted apparently wanted to "help" by giving only a few grand off of a brand new car, right?
I’m 23 , just bought a one owner 97 town car with my stimulus check. Nicest car I’ve owned, smoothest ride ever , cleanest inside ever for how old it is; and I’ll take a new disposable car for what now? Ive always paid cash for cars, and will continue to always do so..
It took me until my mid 30s & the ride my ex took me on during my last divorce to learn what you have already. Bravo! I salute you! Never deviate from the path you have chosen now. And keep that old Panther running forever.
My 2004 Volvo wagon with 200k miles still runs great. I can't get a wagon anymore of that size and any SUV would never get the 36mpg required to be 50% higher.
People who do not have money should not be expected to buy something they really cant use.
I am not going to die for the economy, be it financially or physically.
When i watch RCR i forget how thorough and smart you two can be at times. Your greatest point in this video is the fact that the need for cars at this point and potentially moving forward is the fact that who is going to buy these vehicles? Where is the market and economic trends going to be? With the rise of telecom as an actual viability will we see the same return to commutes or work weeks after 2 years? I think not. I think the pardigm shift is here for digitalism. Granted some facets still dont work in the human spectrum but, a large portion of white collar work can now easily be accomplished from the home. I think if your going to stimuate the economy from a transportation position this new cash for clunkers in any form doesnt seem like the viable long term stimulii politicians want/need. Of course like everything nowadays its react first analyse later....
I love my clunkers. 2005 GTO and a 1995 Accord. Ones kinda fast, one sips gas and goes well in the snow. Both run great at over 100k miles each. No loans on either. Why would I need/want anything else?
I'm with you there. 97 Neon, 08 Cooper S, 04 SRT-4, 02 Jetta VR6. Some moderately quick, all easy on gas, all scoot when you need, no loans, and cheap insurance. And because the miles are spread around, maintenance is less worrisome. Love having an older fleet.
@@XxChocoTacoxX That's goals right there. I have felt a strange calling to mid 90's-early 00's imports. Mainly because they were stupid simple, cheap to maintain, TONS of aftermarket support, Low complexity. I love tech as much as the next guy, but I feel like the car industry has gone down a dastardly dark path and I don't intend to reward their shady behavior. I'd rather keep a fleet of civics and whatnot and just aftermarket the piss out of them until I'm old and gray, rather than plunge myself into financial ruin for "safety" tech and encouraging planned obsolescence. When they showed that commercial of a person being chased by the cop getting "remotely disabled" I got some real bad I-Robot "You are experiencing a car crash!" vibes. That was the deal breaker for me. Not that I intend to become a criminal, but I also don't have to welcome Orwellian Police state into my car willingly. That ish can F right off.
No! you must surrender your freedom to the banks to make the line go up!
83 dodge D150 78k miles, 91 mercury capri 125k, 98 jeep wrangler 301k, all paid for, all run well and all manuel transmissions :)
I loved my '96 Accord.
I think we are overthinking all of this:
Make the shareholders and executives drop billions of THEIR dollars into THEIR company. Tax payers don't need to bail out these car manufacturers that can't make products that people want to buy. If the average age of an owned car is 12 years, then the system was broken in before this happened.
Fuck too big to fail when GM (Chevrolet) and Ford stopped selling sedans and coupes last year; the chickens have come home to roost.
let them fail then nationalize them and spin them off as worker owned co-ops
@@PlaystationMasterPS3 Totally agree! The workers need to be the focus and sole benefactors in all these scenarios.
Instead of scrapping the cars, just send them to the salvage yards so I can get some parts for my turd fleet @ Crusty Kustoms Garage
Crusty Kustoms Garage send them to stuntman to do rocking horses and no mercy reversies
Steven Tenney WHATS IT GOT STUNT MAAAAAAAAN
I wish the government would stop trying to "help" us all the time. Just leave us the hell alone!
What's odd is that newer cars seem to be *less* reliable than older models. For example, a new Civic is most likely going to have more issues due to its CVT vs. a Civic from 2010 with a regular Automatic.
Same thing with Nissans. Their CVTs are pure garbage, and it seems that a majority of Nissan cars have been junk since the 1999 merger with Renault.
John Ruder i’m so pissed at nissan for giving such a bad rep to what is a great idea in theory (cvt) by implementing it in a such a piss poor, unreliable way and forever cementing it as such in the mindset of people. especially when subaru managed to get it right with their cvt’s
Are they really though? Most new cars built in the last 10 years come with a pretty stout warranty, and you have to consider some survivorship bias too. Remember early semi-autotragic Ford Fiestas, earlier CVTs from Honda/Nissan and Fiat 500s?
Like, not too much people complain about Prius reliability even though they're a complicated mess of high-voltage electronics with a CVT.
The 1.5T engine from Honda found in most of their cars these days is trash, and they've taken a massive reliability hit in the last few years as a result.
@@neaudle2204 the Prius cvt is a little different though. Its built specifically for the Prius by toyota and is quite reliable. The jatco cvts in Nissan's are mass produced garbage for a variety of cars
I worked at Toyota during the first C4C and i had to seize engines on cars that were 90x better than the 27 year old station wagon i was driving at the time....but my car didnt qualify...and like 75% of the people who bought cars via that program defaulted on loans anyway
How about these automakers focus on better service if their sales aren't working?
Instead of churning out expensive, overly-optioned models, maybe they should lobby the government to reduce some unnecessary regulations and make cars like those people desire... - from the past.
This is going to make it even harder for people like me to find parts for my older vehicles.. Some of which were nearly obliterated by Cash 4 Clunkers...
EDIT: Great discussion in the replies. I'm going to add onto this.. What about automakers producing more replacement parts for older cars that are discontinued or hard to find? Especially for popular models that you still see all over on the roads. They can use their inventory space for this instead of wasting it on new cars that won't sell and will waste cheap modern plastic replacement parts left and right..
If they want to do even better, why not use their development staff to upgrade old part designs to prevent common problems discovered over decades of ownership?
I guess the problem with that is the people in government making those regularions don't give a rats' ass about car enthusiasts. And car manufacturers also don't really car about "fans" because we are and ever shrinking market (see the new Supra sales, for example and that car even had HYPE to help it along).
The only lobbying that goes around is to reduce emissions standards, and from a car enthusiast point of view, more emissions mean more power, the enviroment be damned.
I personally would absolutely be down with an idea where cars could be styled like there were in the 50's and 60's but with as E-cars. We get our *A E S T H E T I C* back, and people can stop bitching about the planet. BUT, then the National Highway and Safety Administration wouldn't be okay, because those cars are not safe.
Now granted, you can put a shit ton of crossframes on the back and the giant chassy gives you plenty of storage for hidden airbags, BUT how do you protect pedestrians when the car has beautiful sharp angles and giant grills and prolapsed asshole backlights?
And THAT'S why cars keep looking uglier and uglier. It's this terrible triangle of Emissions-Safety-Aesthetic, where the latter one is the most subjective, and the most ignored. If every car is ugly, no car is ugly, amirite?
Oh, imagine the market's response if we were able to order newly built retro models!
Bring back pop up headlights
I've been looking for 98-2005 Honda Civic Coupe's with a manual transmission. Found one that's sub 200k miles in my area. I always thought that there were tons and tons of these cars made.
Speaking of design, I'm curious that what if they design a sedan car like the boxy 80s, but with a twist of modernisation, similar to what Toyota did to 2019 Century.
Like, there shouldn't be excessively large grill. The headlights would be square-ish, but with smoother on certain corner.
I know that it won't likely be able to attract certain people, but yeah
"It would be like a tax on the poor" ... So you're saying they're going to do it, gotcha
"Hello lower class American, I am a higher class corporate American and I would like to offer you pennies on the dollar for your used automobile and then give you this pretty voucher for you to buy one of our brand new $30,000 vehicles for a special discount of $2,000 off your purchase!"
That's how I interpreted it as well. Because not only do people end up in debt, but interest accrued on that debt will likely far exceed the piddly couple grand that they threw in at the front. It's predatory at worst and dishonest at best. Also it's a bad look for the auto industry.
@@beegeezee505 Get $28k for $35k! Hurry, don't delay!
Because the less you borrow, the higher the -vig, er, juice,- er interest!
@@beegeezee505 You said it brother!
My local toyota dealer has put up billboards and radio ads stating cash for clunkers is back and better than ever.
Oh my god [SMH]
@@isakjohansson7134 I have a 1992 cavalier the dealer gave me a price for a trade on a new pre-owned kia rio.
In 2020 aren't we supposed to be talking about trading in your old flying car for a faster flying car?
eternal ponderer forget cars, what about spaceships?
@@kingdededelicious the reality is now we just trade in the older model for a new one that's the old piece of shit for the new piece of shit which is what most new cars look like today. That is if your not going to get something that's like a mustang challenger Camaro corvette or viper or maybe a charger. For most the the thrill of getting a new car is long gone!
Cash for clunkers 2: electric boogaloo
Ford escape electric go cart for everyone.
@@apodski Only if we can figure out how to make 60% of them in the USA by next year :')
LOL that ain't happening in the 5 Eyes nations now. Look who's in charge.
I think a core problem is that we're suffering from "automotive inflation." Auto manufacturers and dealers are never satisfied with making enough money--they always want to make MORE money. Like any "good" capitalist, they want to make ALL the money. There are already a ton of cars out there, and they're lasting longer. We're also getting better at maintaining them, so they're lasting EVEN LONGER. We just don't need as many new cars as the auto industry wants us to need. On top of that, wealth inequality is catastrophic. Fewer and fewer of us can even afford to buy new cars in the first place. I've never bought a new car, and I don't expect to EVER buy a new car. There's no way I could afford a new car. Give me a $10,000 stimulus rebate, and I *still* will not be able to afford a new car, and I'm a 34-year-old business owner.
Trying to "fix" the situation by changing anything and everything so that auto manufacturers can keep selling more and more new cars is like trying to "fix" valueless currency without slowing or stopping the printing of more and more new money. ...Except this is worse because you can't just trade in 5 of your old dollars to be destroyed for a brand-new 5 dollar bill; no, instead this is like being asked to trade in 5 of your old dollars and then paying 5 more dollars just to get a new 1 dollar bill.
I am too emotionally attached to my cars to know that I am sending them off to pasture in the worst way possible. No chance to live on in another ride. To have concrete shoved down their cylinders to make them inoperable.. I would rather they go out with dignity than somebody ruining them.
As project farms’ friend said,”it’s cheaper to keep her”.
Mitsubishi Mirage hatchbacks and Toyota Yaris' for everyone.
Plz stop no one deserves that
Lol I know a guy with one and the gear on the rack and pinion broke cause its made of plastic(mirage)
The Mirage is garbage. May have good mileage, but it has been the single most disappointing car I have ever driven. Much rather have a Yaris or a Sonic.
Yaris is great. Mirage is garbage. Better with Honda Fit/Jazz instead of Mirage.
*laughs in 93 gmc jimmy
Because 200 bucks a month in gas for a guzzler is way more expensive than a 500 dollar car note...
Not even $200 a month depending on ho much you drive, and the gas prices being lower then they have in a very very long time.
That is something that drives me nuts with people "the gas mileage is killing me". so they sell a paid for truck or suv then take out a 5 year loan on a car at 400-500 a month, to save 100 bucks a month. You are trading a dollar for a quarter stupid. SMH
@Tone. I agree 100%, unless like you said you have a POS that keeps breaking down, and is in the shop a lot, and/or when gas goes back up, and you are driving a crazy amount of miles.
@@CommodoreFan64 even with the sky high European fuel prices you'd still have to drive ridiculous miles every year for many years before getting a new fuel efficient car would save money compared to buying a 90s V6 or V8.... insurance and road tax allowing of course.
There is a break even point. though it's far out for a new car. I like to use my girlfriend for this example.
She spent about 500$ a month on gas in colledge because she had a stupid commute, and a pickup that got 8 MPG. IN addition it broke down at least 2x a year, so let's assume 1000$ in maintenance a year. She could have got a Misubishi Mirage for about 12,000, and it would have payed itself off in what, 2 years?
But allas, she still drives the pickup, luckily she doesn't have the commute any more, but she still drives the darn thing and she finally understands her mistake. I swear that thing has been like an abusive relationship for her, Scared to leave because what if whatever comes next is worse?
Could also probably be a killer deal for someone working delivery, ex, Pizza hut reimburses milage based on the age and size of the vehicle. A new econobox will pay about 10x as much as an old shitbox. (I went from an old Buick to a 2010 Yaris and I went from 0.18/mile to 0.30/mile and that's a smaller car, and literally twice as good of fuel economy, and they considered it almost completely depreciated)
As for the argument that buying more efficient cars helps the environment, we need to look at the eideum "reduce, reuse, recycle." It is structured sequentially by effectiveness in environmental benefit.
Reducing our driving by staying home more has the most impact, reusing our currently running or easily fixed vehicles creates some benefit, and recycling our cars to make and buy new ones has the least.
I believe automakers and the entire industry need to see this crisis as an opportunity to evolve on a fundamental level instead of repitch old ideas for short lived profit and votes.
You're not wrong, but you and I both know what's actually going to happen.
Why am I not even surprised Ford is interested?
If I were a lawmaker in Washington, I would implement a program that would change the economy and the lives of Americans in a drastic way. I think that the greatest burden that most people 40 and under face is the student loan debt. It prevents us from qualifying for a mortgage, a car loan, and from enjoying life overall. I would employ a three-pronged approach to fundamentally changing the way of life in America; it would be expensive, but would probably change America for the better in the long-term. I would develop the Phoenix Program. It would give a cash voucher (pick an amount) to anyone trading in a vehicle 10 years old or older for any new vehicle, with no gas mileage requirements. If an individual were to trade in their old vehicle for a hybrid or electric vehicle, then they would have all their student loan debt forgiven (assuming they had any). I know this would be very expensive, however, I believe that the U.S economy would come out ahead since now people would start buying homes in greater numbers. This would also help the travel and leisure industry since most people would now be able to take more vacations. Just an idea...
Just ls swap everything. Or have a program where you bring in your car and they fit it with a more efficient engine/fuel injection system
Wonderful video Nick, scary that this could haunt us again. Thanks for including me at 18:47 !
I sort of remember this back to both my parents cars a little while back. I'm currently in search of a decent 240sx s14 but on top of people treating cars like shit, I feel like I missed good finds because maybe someone junked their car.
Hope you end up finding one. Kinda difficult to find any left in good condition. I was able to get mine 5 years back in near stock condition, still runs and drives today.
Heres my option on driving assists and new cars in general. I have daily driven a 71 pontiac for over a year and a half. I've recently started working at a dealership. Part of my job is fueling up sold cars. One car I drove had a touch screen and blind spot monitoring. Traffic was heavier than usual so the blindspot kept going off, grabbing my attention away from the road,and thetouch screen kept popping up with useless messages,doing the same thing. It made me uncomfortable
Who paid at the end for all that? The taxe payer. They should just give the cash to every American.
BizzLeVrai distribute the wealth!
absolutely, give it to all the people instead of to the big bloated corporations who might maybe end up giving some of it to the people via an underpaid job but they can't make any guarantees. people are so scared of "money for nothing encouraging laziness" that they'd rather countenance politicians wasting money on corporations instead just because at least it's not fake-boogeyman-socialism. all the arguments made in this video's quotes about sales tax and keeping people employed at dealerships would apply to ALL KINDS OF STORES if people were just given money directly and allowed to spend it as they see fit.
@Tim E. in canada we had the same stupid program. Dont worry gouvernement world wide know how to waste everyone money. I am jalous of the USA and how low your taxe are.
Trade your analog car in for something that can be monitored and remotely shut down. 10:50 is exactly what it’s about, They needed something to bring in massive changes to the way we live our lives
Someone needs to bring this point to congress. RCR represent us!
I'll be keeping my "clunkers". The America auto industry shouldn't get another bailout from the taxpayers. Corporate socialism is the only way theses companies survive. They care more about shareholders than workers, so the product is always crap. Do they honestly expect us to buy a new car every three years, or hand them another bailout program/check?
the shareholder focus has become so dogmatic that they'd rather fire a bunch of people and cut products than cut people's dividends, even if doing so directly makes it harder for the companies to recover later because they've lost a bunch of their capacity. it's the pinnacle of short-term business thinking.
Until last year I didn't have a single car > 1995 but Ford and Toyota finally broke me when they pretty much stopped selling parts for my derelicts. I accept that I can't always get parts for 1960s cars (although I often can since they are shared components) but modern cars are like 100x more difficult. That is ironic as heck since my 1960s car was a one year only and has required both modified bicycle parts (that 65 Console shift) and vintage parts I could only source via specially forums. I can more easily find parts for that than a 93 Supra and that is...wrong.
@@98triffid not only are the parts weirdly easier to find (or adapt), they're also cheaper than modern car parts even when the parts are available! I once saw a video where someone compared the cost of replacing tyres or doing brake service, oil changes etc, really routine things, between a 90s Fiat and a 2016 or 2017 model. All the parts were available for both cars, but larger wheels, more picky modern turbo engines etc made all of those consumables twice or more the price! And the fuel consumption was identical to the old engine too.
@@kaitlyn__L I'm glad you can still get what you need. As an owner of multiple 30+ year old cars I will go to extreme measures but finding dealer only car parts for 1990s vehicles is not fun. They are pretty much all gone now
@@98triffid oh, I don't personally deal with this struggle.. and the ones I cited from someone else's video weren't manufacturer parts, or special costly failures or repairs - just comparing standard consumables, which have also gone up in cost. Everything seems simpler the older you go
Theybwould have to pry my 77 el camino from my cold dead hands
The accrual out of pocket fuel cost (you get more HP for the same MPG)hasn't improved enough over the past twenty years, to justify a cash for clunkers.
Yes! Someone else talking about Bastiat! The broken window fallacy is exactly the correct analogy here. Great job as always you guys.
This recession has a much broader base than the last one which was just a crisis in credit. Estimates I've seen indicate somewhere around 17.5% peak unemployment. I think the fiscal constraints the US is operating within mean that to do a targeted 'cash for clunkers' program to subsidise one industry would be viewed poorly by most people. Almost every industry is suffering and would benefit from stimulus.
What the US could do which would be of real value over the long term would be to spend money on infrastructure. You can see the Chinese did this last time when they built their high speed rail network for example. 🤷🏻♂️
Here in Argentina de gob did something like this. "Change plan" you would give your old car and they would give you a discount on a car from a brand-associated to the gob
The thing was that, all the rwd jdm, american sport cars and a lot of rare european routieres were crushed for a normal econo-compact shitty car
OF COURSE IT WOULD’VE BEEN FORD
They are in the most precarious financial position of the domestic brands.
No thanks to that idiotic Hackett & that Mark whatever marketing character gutting their product line up & making quality an afterthought.
nice icon, KenzieM
Ford is incredibly close to the edge. And I really wonder how much of it is because they didn't take the bail out in 08. I mean they could have.
We saved the failing companies that were miss-managed into the ground and in doing so killed the one that was not a total fuck up
@@acemobile9806 They deserve it for trying to turn the Mustang into a Crossover.
@@beegeezee505 yes, isn't that about the most ridiculous abomination? I think marketers/product planners spend their nights hitting the crack pipe hard! If the damn thing isn't good enough to stand on its own merits, maybe they should go back to the drawing board!
Despite the politics that were at play, I'm really starting to miss when it was a family-run company. Mullaly was the best outside influence they've had in recent times.
Yo, thats a nice Thunderbird at 00:35
This is really interesting, and the same reason I kept my car when we had this in the UK. Building a new car hurts the environment more
I saw that the Green New Deal is arguing to reinstate this but with the idea of people buying EVs and Hybrids (with an higher rebate if that vehicle is American made). While I agree that we need to be more environmentally friendly, this isn't the way to go. Especially considering a lot of people can't afford an EV or even want one in the first place given the restrictions the car brings.
I grew up being taught to reduce, re-use, recycle. My grandparents' generation learned to scavenge during the Depression. Now we're teaching generation Z they're supposed to borrow and spend whenever the economy looks bad.
It's because now more than ever our government cares about corporate profits than human welfare.
I worked at a Volkswagen dealer during cash for clunkers. I recall that we sold a nominal amount of cars during the program, and then pretty much nothing for months afterward. Cash for clunkers only encouraged people who were *already* going to buy a car that year into pulling the trigger a few months earlier. It did not convince anyone new to buy a car.
For example, if the dealer usually sold 60 cars during a three month period, Cash for Clunkers resulted in 60 cars sold the first month, and no more sales the following two. Net result was 60 cars in three months. Not to mention all the perfectly good used cars we poured sand into... That couldn't be sold again for either more use of more profit from the dealer.
Stay Safe RCR love your content best channel to watch in quaratine
I will say this as someone that was in the business durning the last Cash for Clunkers: DON'T DO IT!!!
Take people out of the market that had no business in the market in the first place!?!
The upfront benefit is not worth the down the road car market ccollapse.....
I’m thinking of the movie “ used cars”
The used car business is inherently whacky . Local dealers sell a $2,500 car with a $1,000 dealer fee that’s totally nuts. Dealers typically make a lot more money on used cars then new ones. Buy here pay here lots make lots of money selling the same car again and again as it keeps getting repossessed . It truly is the Wild West of retail .
Marc Scordato I interviewed for car sales jobs and that came up. Used cars have higher profits compared to a new car car in a dealership. The whole idea cash for clunkers would give them less used inventory that is counter intuitive for much profit possible for sales.
It isn't the dealers pushing for the program, it's the manufacturers. Ford doesn't care if your local used car dealer goes out of business, in fact they'd prefer it.
cr4zyj4ck not everyone can afford a new car. Small Used car dealerships are a good way to get a decent price on a used car. That is how I got my miata it was up for sale in a used car dealership that is small so I was able to negotiate a good price that included everything licence plate, registration, and the car. Small used car dealership is a good way to buy affordable cars for a person who can’t afford a monthly car payment.
2:30.........anybody remember posting FB statuses in the third person?!!!!
Great video.
One part that is overlooked with the environmental impact is that the embodied energy of the vehicle is lost. Something like 40% of a vehicle's carbon footprint occurs during the manufacturing process. So fuel economy isn't the only concern when looking at overall environmental impact. A vehicle that gets 20mpg and lasts a really long time may be better for the environment than a vehicle that gets 30mpg but isn't well-built and isn't going to last as long. Getting rid of cars that get OK-ish fuel economy but still have a lot of life left in them is likely bad for the environment overall due to the embodied energy being wasted, even if they're being replaced with more fuel-efficient vehicles.
The government can pry my miata from my cold, dead hands.
If they did this shit I'd get my savings together and camp outside dealerships with 4 grand in cash for anything interesting.
I just made a similar comment. My bad. Not taking it back though. I got a 97' T5 volvo wagon, a 96' F250, a 93 Vandura 2500 conversion and a 94' Buick Roadmaster wagon. They are all staying in my possession. F the Feds.
Miata would be way too efficient to qualify.
😂😉💪💞👍
During these horrific times, the banks, corporations and the politicians keep getting more money while everyone else is losing money and getting screwed over.
It's not a clunker. So what if it burns oil. So what if it leaks. What about the bhg. This is my car. I work on it. And I love every issue it has.
I'm not trading in my 30 year Toyota with a library of literature for a 2020 I can't get a shop manual for *if I tried*
Heyyy that 2020 still has a "library of literature" .... It's called the OWNERS MANUAL and sub manuals, and Quick refrences, and warranty booklets. ect ect ect.. :)
I was just starting my sales career in the auto industry when the 2008 market crash happened. We had a similar program up here in Canada but the criteria was different. It had to be a 95 or older to qualify, and you had to purchase a brand new car. The problem was most people still driving a 95 in 2008 couldn’t afford to finance a new ham sandwich let alone a new car, so the incentive by default was useless
I wonder if my 91 accord would even qualify, it gets decent mileage but comes close to not passing smog in CA. I still like how it's the most 90's thing ever, but having airbags might be nice.
Dude i miss my 90 accord coupe! That interior and auto seat belts were the sheet.
@@maxpain45678 One of the motors for the automatic seatbelt motors died two years ago, and because honda has a lifetime warranty on seatbelts, I was able to go to the dealership and get one of the last ones in the US for free lol.
i can make it pass smog f22a1 for life
I own a Cash for Clunkers car, a 2009 Pontiac G3. Scrapped a 1993 Ford Explorer 2 door on its 3rd transmission, and previously been cought on fire. For 30 year old me, it was a good thing seeing I got a New car for $8k and while it isn't a Maserati by any stretch of the imagination, Owning the last new Model Pontiac in history has been good to me.
What's happening now is history in the making. The future as we know it is going to be changed forever.
Thats such a vague statement
Rather than scrapping the cars, why don't they just put them up for sale? you could get just as much, if not more. and it gives teenagers the ability to get cars.
because automakers don't see profits from used sales, that stays within the dealership network. while dealers will make new sales at a loss if it'll help them hit their quota for the manufacturer bonus. the automakers are that eager that they will pay the dealers to sell at any cost, because they can afford to do so with the markup they charge the dealers.
As a mechanic, car guy and a member of a car-centric family, I honestly believe that the interest in these programs is going to be wholly based on the individual's connection to their car, not so much their financial position.
Sadly, a majority of people see cars as an appliance to be bought, used, ignored and disposed of when its no longer reliable enough to suit their level of interest.... and I get it, I really do.....these people are hairdressers, or lawyers or librarians or whatever.....they will never do anything more than pump gas into their car and call the tow truck when needed, as that is what AAA is for, right? Having the ability to do simple to moderate maintenance yourself makes owning a car longer than 5 years a MUCH less intimidating prospect. And even if you don't enjoy doing it, you are saving money since mechanics aren't cheap! Being an actual mechanic takes that intimidation level most people have of old or broken cars and totally flips it on its head to the point where we mechanics will WASTE money on worthless cars that SHOULD be scrapped just because we KNOW we can fix them..... and get more miles out of that 1988 Hyundai.
Somewhere in the middle are the people who are either, mechanically interested, treat their car like a family member, have brand loyalty or are just generally good at taking care of their stuff, and they likely to pass on the deal to keep their older, simpler and familiar cars.....but I would consider them the swing voters, depends on how they are feeling that particular day and how old their current car is.
Everyone in my family has rarely bought a new car and when they did, there were always well over 200K miles when it was sold, running and driving. Currently nothing newer than 06' in our fleet with nearly all brands represented, proof that few cars are actually "clunkers" if you do your preventative maintenance and research.
So tax payer pay some more to have other folks buy cars they don’t need. Even a new transmission each year it’s still cheaper then average Americans car payments. Yah dealers may close but so be it, let the market dictate who survives and who doesn’t.
It's Democrats who are pushing this BS just the same as it was when Obama was in office, they love "FREE" give aways to the "underprivileged". They also did this with appliances as well. it failed then, and it will fail again, and do nothing but take tax dollars from legit needs like infrastructure repairs of this country, and create way way more jobs, and con the suckers who really can't afford a new auto into a very long term loan they might not be able to pay off. So I agree let the market decide who lives, and dies, as I'm honestly tried of most of the big auto makers who want to charge as much as a small house these days for anything beyond an econo shitbox.
@@CommodoreFan64 well said. The big problem is dumb suckers taking on big loans and falling for the shitty msrketing and living paycheck to paycheck for their poor financial decisions. Those povos absolutely deserve to be poor, but we shouldn't have to pay for their dumbass mistakes.
@@CommodoreFan64 how is bailing out corporations giving money to the most needy ??
@@alubchicken "if you're poor it's because you made bad decisions" is kind of laughable considering how many millions of people are facing bankruptcy because of being out of a job due to a pandemic... or did their poor spending decisions somehow help the virus mutate to the point it's at today???
@@kaitlyn__L lack of savings is kinda their problem ngl
you're gonna have to pry my base model no fluff *MANUEL* Yaris out of my cold dead hands.
Manual Yaris. Respect.
@@adammiller8133 Couldnt get a Honda Civic Hatch.... and need to keep the thieves away SOMEHOW
I think your analysis is spot on! I am a car enthusiast and an automotive professional. I have been turning wrenches for 34 years (since I was 12... 28 years as a professional). I have worked on everything from subcompact cars, to tri-axle dump trucks and construction equipment, transit buses and now light rail vehicles. There is no worse value for consumers than a new car. Especially for furloughed, laid off and unemployed people. This was true in 2008 and is even more true today. Top down stimulus only makes the rich richer. Cash for clunkers was top down stimulus disguised as bottom up stimulus by throwing a few crumbs to the working class and the local dealers (aka “small businesses”) but in reality it was a giant welfare check cut by the government to huge multinational corporations that recklessly spend their capital on short term stock price boosters (like stock buybacks) and huge bonuses to undeserving corporate officers. While the working class is always preached at to save for a rainy day and pull itself up buy its own bootstraps, the wealthy elite feed at the corporate trough secure in the knowledge that they are “too big to fail”.
Cash for Clunkers sounds good, until you realize it's much worse, from both a financial and ecological perspective. It only benefits the Government through taxation, and car manufacturers more interested in quarterly profits.
I don't live in the usa... But this topic, made me like my clunker, a bit more. :)
The only good thing I can say about cash for clunkers is that I wasn't in the country at the time. From what I was told they were scrapping good vehicles left and right in favor of econo shitboxes. When I got back to the country the cost of everything had risen substantially, particularly used cars and parts for them.
Can't say I'm a fan. I'm glad my eyes didn't have to see it since I was stationed in Okinawa at the time.
I really like these podcasts Roman, keep up the good work.
I didn’t know there was a possibility of another Cash for Clunkers and after watching this video and hearing all those quotes...I’m depressed just thinking about it.
Whats the difference of just selling your car on the used market? Are they paying you like 3x the current price?
Also screw driving assists, when I was paid to test new cars, I became a worse driver when I went back to driving my cars without lane keep assist. No autonomy at all or full autonomy should be required. No in between.
None....if you don't have the brain capacity to operate a vehicle safely ride a bus.
@@ripnandtearing im for autonomy, but it has to be all or nothing. There is so much ambiguity people think their base model Nissan Rogue with collision warning can autobrake
Yep, i remember when i was a senior back in 2002 and rando beaters were everywhere. 500 bucks could get you a car any day of the week. The 2009 thing completely wrecked that.
The prelude is alive and well! I sold her to a nice young lad who is restoring her to all of her 1993 glory!
Yeah man sell off those camrys and get everybody a F150, that'll teach the planet some respect
Love the Bastiat quote
Yes it is they're already doing it at "Charlie Clark Nissan" in my city, they have a dumpster out front with a Mercury Mariner and a Taurus hanging out either end. I will drive my 93 Previa van UNTIL I DIE *insert mr krabs foaming at the mouth*
Dude EP?..lol
To be fair though, the Taurus belongs in a dumpster.
I'm an essential worker only driving maybe two miles to work and back, in the city. My car runs fine aside from a noisy throwout bearing and a problem with the ABS. Gas prices are the lowest they've been in 20 years, and since I work at an auto parts store, know how to turn wrenches, and have a spare vehicle, I'm good if my car breaks and I need to repair it. Since I drive so little, I only need to fill up maybe once a month. To put it simply, I don't need to buy a new car, and wouldn't be able to afford one anyways, what with my credit being less than stellar, making me unable to purchases anything new without crazy long financing. And, because my schooling has been put on hold due to the lockdowns, I'm basically stuck in stasis with my career; I cant get a raise or advance further, so my potential for higher income has been stalled. A program like this wouldn't benefit me, and might actually hurt me in the long run when I inevitably do have to get a new car.
imagine being a 16 year old after this shit happened. It would be a dystopia having to be forced to drive some nissan murano while wanting a miata or an eclipse gsx. Old fun cars are already hard enough to find cheap. Being a teenager is fucking sad in 2020
Many teens aren't interested in driving
@@toyoscio pretty unfortunately I have to agree with this. But I'm sick of cheap japanese sports cars being given the same treatment as corvettes. They're beaters. Both are just cheap quick cars. Not fucking 2 bajillion dollar barret jackson bring a trailer babes
@@schztinky2820 glad someone said it
@@jondaniels4325 and thank god it hasnt happened yet because car prices are already through the roof
My 2004 Honda Accord V6 gets 20 mpg city, and (65 mph, cruise control) 41 mpg highway. Yeah, I'm keeping it regardless.
I spy a Vauxhall Astra in the thumbnail
The MIT study sounded like they were dismissing out-of-hand the possibility that the effect was a rise in used car prices overall, including both the used cars that tended to be bought by Cash for Clunkers AND those that weren't? Which would seem like an obvious possibility, to me. The used market isn't so specific that those demographics don't compete with each other. I could be wrong, I didn't read the whole study and I'm no economist either, but that didn't seem like complete data from what I could tell at brief.