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SignUp Now!What most people fail to mention with the C4C program is that not only did the Govt reimburse the dealership the 3500-4500 dollars on the eligible trade-in, but they(the dealership) also paid a "scrap value" for the vehicle as well.
For example my brother traded in his 1991 Chevy Blazer under the program. He recieved the full $4500 Govt money plus a $1000 scrap value from the dealership.
I can only imagine that a few resourceful individuals figured out a loophole in the system that was most likely a tax benefit as well.
I am assuming that the GNX (or any of the other unlikely vehicles on that list) was probably a high mileage, bad example, or had some sort of black mark history that made it's value low, or was not sellable as a "GNX" at all.
For example, If I trade in my eligible GNX for the $4500 plus a scrap value of $80,000 then I have now successfully moved $80,000 out of my dealership and into my private funds. This is money that I now don't have to pay taxes on as a dealer and the Govt just paid me $4500 to do so. And I have now moved my problematic GNX without hitch.
Kind of a great way to unload a car that was sitting around for a while isn't it?
Ever been in an 08 Chrysler 300? $4500 is doing well used...what a heap of crap.the biggest problem with all those high profile cars on that list is there isnt any pictures or videos on the net... you are telling me in the age of cell phone cameras that some service guy at any of these dealerships couldnt get a pic of any of these cars? all i found was a fair condition c4 that wouldnt die...i love the 2008 chrysler 300 on the list...who trades in a 1 year old car for 4,500? I still have yet to see evidence to support this list.