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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (212667)	7/27/2009 12:12:14 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

I bet they (the clunkers) end up in Mexico, then get reidentified and reimported. That bill is an invitation to fraud.....

To: John Chen who wrote (212667)	7/27/2009 1:19:55 PM
From: HPilot	Read Replies (2) \| Respond to of 306849

Not so. Believe they have to dismantle it. Never see the daylight again. And as I said there are no inspectors to see this happens. The dealer only has to swap a lower value clunker for the car traded in. Or outright fraud, but easy to get away with. Someone trades in a car worth a couple grand, dealer buys a clunker worth a hundred and barely runs and puts that VIN on the paper work and sells it to the scrap yard. Its really stupid because even without that they would be forcing the cars to the scrap yard with depressed prices without any such requirement.