They probably excluded cars after 25 years because there are so few of them on the road. Plus you start to get into classic cars that do have value, I mean who wants to see a so so 69 Mustang crushed for this program? Most of the cars that I have seen in the videos seem to be from the 90's, so just over 10 years old and getting past their prime. A lot of worthless old SUV's and vans that nobody can sell anymore.

Not to mention these days you have to actualy be able to afford the car to get a loan, its not like it was a few years ago.

Like I said before, this program targets a very narrow segment. Those people with older cars worth less than $4,500/$3,500, who can afford new cars, and do buy them. All its doing is pushing their purchasing time frame up a bit. If this program didn't exist they would have junked/traded their vehicals in on new or newer ones in the next few years anyway. All the government is doing is speeding the process a long. A nice side affect is that it forces people to trade in their SUV's on more sensible cars, a taste of $5 a gallon gas last year helps this along.

I dislike the program because I don't think my tax money should buy other people new cars. But the program is well designed none the less.

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2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200