By Stephen Markley on September 24, 2009
This trade-in, obviously, makes absolutely no sense. According to the program’s rules, the vehicle had to be drivable, which means the Bentley was probably worth a lot more than $4,500. As Howard Krimko, a former chairman of a luxury car club, told the blog Wheels, “The seats for the car would be worth more than that.”
What’s even more mystifying is that dealers had the option of buying the car outright. Why wouldn’t they just take the car? The report listed no details on the condition of the car or where it was turned in, so curious parties will be maddened until someone steps forward and identifies the party responsible. Could this trade-in be illegitimate or even made up?
A few other vehicles of note that owners scrapped through the program include a 1997 Aston Martin DB7 Volante (that sold for $135,000 when new) and a 1987 Buick GNX (one of 547 ever built).
Exotic Clunkers Also Got the Crunch Under Program (Detroit Free Press)