re: #546 vxbush
Morning, everyone.
People have been making the point that even if you take advantage of the plan and buy a car better at fuel consumption, there is nothing preventing you from turning right around, selling that car for a small loss (for which you still are ahead given the amount of money you got from the Feds) and then going out and buying a used gas-guzzler or muscle car.
Which makes me ask two questions:
1. Does the plan require you to buy a *new* car?
2. Are there any requirements that you keep the car you just bought for a given amount of time?
I have no idea?
There must be a lot of loop holes and abuse going on.