What is Cash for Clunkers do to my used car value?

The fact is that the cash for clunkers program has taken a lot of serviceable used cars out of the market. When supply is reduced, prices usually go up. Right now the market is still soft, because of the Obama recession. There are fewer people willing or able to spend money, and the larger than normal amount of repossessed vehicles is increasing supply some.

My best guess is that the clunkers program will not hurt your resale value, and may actually help it a bit.

A good question with no real answer. My gut feeling is that cars in your category will decrease in value but some of the real clunkers, (like maybe a Ford Explorer), could actually increase in value as they become more rare. Time will tell I guess

It won't have an effect.

CFC represents a small number of cars in the overall market. There is something like 300 million cars and trucks in the US. It would take 60-90 million new cars to affect used car valuations.

Condition and mileage will have much more of an effect on your car's value than a few hundred thousand new cars on the road.

Obama recession? LOL........ Gotta love the revisionist history of neonitwits.

Actually, The Great Recession began December 2007 and cost 4 Million jobs a full year before Obama entered office.

Cash 4 Clunkers will not affect your resale value. The vehicles traded in under the program were mainly SUVs whose sales and resale value has plummeted in the past 2-3 years as gas prices have soared. And the driving public has been switching to smaller more fuel efficient cars so it has actually increased their value.

All thanks to Dumbya manipulating gas prices by unnecessarily buying up all the oil in 2001 and invading Iraq thus putting 1.5Million barrel of oil daily production offline. But what do u expect from a dumbfvck that ignored all 911 warnings (played golf the day after being warned Osama would attack) and ignored warnings from regulators of the subprime disaster which cost homeowners billions. Not to mention the TRILLION dollar war the idiot started when Colin Powell, CIA and his own father pleaded with him not to. Inherited a record surplus and turned it into the largest national deficit in history.

cash for clunkers is u turn in your clunker for a price and that price they gave you goes down to buy your new car that u choose im not sure they will except a 2005 Toyota because it gets good gas millage and its still consider a new car.

Nothing.

These vehicles would have all sold, eventually, anyways.

No. It is a car, not real estate.