Saturday, August 01, 2009

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

Cash for Clunkers May Cost Up to $45,354 Per Vehicle
"Meanwhile, if all buyers have qualified for the higher $4,500 rebate, the 'cash for clunkers' program will mean a marginal increase in car sales of 22,000 this quarter. $1 billion divided by 22,000 means a net cost to the government of $45,354 per car."

1 comment:

Anonymous said...

That's b.s.