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Thread: Cars for Clunkers - Econ 101

  1. #19
    Super Moderator UGLY's Avatar
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    Default Re: Cars for Clunkers - Econ 101

    Right. I didnt really understand that point either but it does make a little sense that after you get a new car you might drive slightly more, but I dont imagine it is enough to make a difference.

  2. #20
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    Default Re: Cars for Clunkers - Econ 101

    Quote Originally Posted by UGLY View Post
    Right. I didnt really understand that point either but it does make a little sense that after you get a new car you might drive slightly more, but I dont imagine it is enough to make a difference.
    I thought a little more about this and think perhaps that most families have more than one car, and if they truly have a clunker, it is the one getting the least miles put on it and the new car will be the one taking over most of the driving. It certainly confuses the calculation.

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    Default Re: Cars for Clunkers - Econ 101

    Quote Originally Posted by UGLY View Post
    Right. I didnt really understand that point either but it does make a little sense that after you get a new car you might drive slightly more, but I dont imagine it is enough to make a difference.
    3 Interesting facts about the new hybrids out there. If I can find the survey again I'll post it.

    1.) Owners of new hybrids drive on average, 25% more miles than owners of the same non-hybrid version. The underlying reason is the fact they get better MPG, therefore "I can drive more". Bottomline and savings on fueld consumption is burned away in the extra miles.

    2.) The same hybrid owners had 25% more accidents than the non-hybrids. A portion of the increased numbers is the fact they are on teh road 25% more.

    3.) The cost of reparing the hybrid vs the non-hybrid is 30% higher, attributable to more sensitive electronics and engine design, even though the vehicle carries a mere 10% higher MSRP.

    4th unposted fact - It'll only be a year before the insurers of hybrids start charging higher liability and collision rates due to the higher accident frequency and repair costs. - ultimately, these increased costs may kill and advantage on MPG savings.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  4. #22

    Default Re: Cars for Clunkers - Econ 101

    Quote Originally Posted by RYou View Post
    1.) Owners of new hybrids drive on average, 25% more miles than owners of the same non-hybrid version. The underlying reason is the fact they get better MPG, therefore "I can drive more". Bottomline and savings on fueld consumption is burned away in the extra miles.
    Couldn't this also be caused by people who drive more being more likely to buy hybrids?
    There's no such thing as a pretty good aligator wrestler.

  5. #23

    Default Re: Cars for Clunkers - Econ 101

    Seems logical to me, FloggingSully. I sure wouldn't expect the guy who lives a couple miles from work to buy a hybrid.
    Your ignorance is painful to witness.....

  6. #24
    World Champ ODH's Avatar
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    Default Re: Cars for Clunkers - Econ 101

    The few people I know that have Hybrids are either rabid environmentalists or long distance commuters.

  7. #25
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    Default Re: Cars for Clunkers - Econ 101

    $1.5 Billion into the program the feds have now opened up CARS to factory orders due to a shortage of supply / nonexistent supply on the lots for some of the more popular vehicles.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  8. #26
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    Default Re: Cars for Clunkers - Econ 101

    Last chance, now $1.9 Bil into the program.

    The Obama administration plans to end the popular $3 billion Cash for Clunkers program on Monday August 24th, giving car shoppers a few more days to take advantage of big government incentives.

    The Transportation Department said Thursday the government will wind down the program on Monday at 8 p.m. EDT. Car buyers can receive rebates of $3,500 or $4,500 for trading in older vehicles for new, more fuel-efficient models.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  9. #27

    Default Re: Cars for Clunkers - Econ 101

    My little study on the hybrids is that I have several friends that have one and they love them. They don't drive any more than they did before because they truly enjoy the savings while still getting around town, county and state. None of them have ever had a mechanical issue and they were aware of repair costs before they bought the car.

    I would question the veracity of this alleged survey you site.

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