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What do you guys think about this Cash for clunkers Law?

 

Some articles to read about it:

 

http://www.google.com/hostednews/afp/artic...SbAMcv4EqdBQjiw

 

http://www.carnewsreport.org/

 

In a nutshell, if you are not familiar with this:

 

Under the House bill, car owners could get a voucher worth $3,500 if they traded in a vehicle getting 18 miles per gallon or less for one getting at least 22 miles per gallon. The value of the voucher would grow to $4,500 if the mileage of the new car is 10 mpg higher than the old vehicle. The miles per gallon figures are listed on the window sticker. Owners of sport utility vehicles, pickup trucks or minivans that get 18 mpg or less could receive a voucher for $3,500 if their new truck or SUV is at least 2 mpg higher than their old vehicle. The voucher would increase to $4,500 if the mileage of the new truck or SUV is at least 5 mpg higher than the older vehicle. Consumers could also receive vouchers for leased vehicles.

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Edited by Jeff

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