You may have seen your car at the scrap yard - but your title was signed over to " cars.gov" – every successfully submitted application had to have the back of the title signed over – in “black marker” Consistency is the Raison D'etre of tax court ( as a side note, I stripped everything off the van I needed as well – brought it in on E with a dead battery ) Another dealer swapped off a set of new tires off of a friends clunker – gave them to her & put on a set of junk tires & rims for her !
In your analysis of my situation, I incur a $ 9000 savings, (made with the assumption gas stays at 2.75) …... with a $2000 net "savings" that is above and beyond what was paid in the aggregate. – if you apply the average 9mpg increase you would also need to figure the average residual worth of the clunker – which I suspect is a lot lower. So just based on your rough calculation of oil savings alone, in the aggregate, the country shows a positive simple return of $2k ( I get back my 3500 + along with our 3500 + 2000 profit) – but I now am able spend the $9000 in our economy, which no longer goes to OPEC – but gets spent here –on imports?
CFC was not as much about saving gas and helping the environment, it’s mostly about stimulus.
For the detailed analysis – the effects of CFC are much more complicated – net out flows out of the country, reduced insurance claims, effects on lower income classes, scrap metal prices, averted shut down costs, bankruptcy costs, higher taxes ? supplanted by increased industrial output etc. Readers can choose their own reality news outlet for this.
I think the simple way to look at is again – Is stimulus neccesary? If so, who would you rather give the money to?
Plus – on a more personal note – I needed a car – this got me and a lot of people out of their caves & out spending some money.