Dark Side Messiahs wrote:From your point of view...
People can trade in their gas guzzlers and switch over the financing to the new car, companies can't profit for something that illegal to use so they'd be facing penalty if they tried to. This is all based on the notion that such radical change would be enacted and enforced.
Other than that, use public transportation and ride a bike if you don't like gas prices.
The nearest bus stop to here heading in the general direction of my job is 5 miles away. You do not "switch" over financing. You simply roll over any negative equity of the trade in into the loan on the new car. Which is problematic under normal circumstances. Under your scenario it would not be possible since the car being traded in would have almost no value. The dealer would not be able to sell it to anyone.
How about not taxing Americans to hell? Read the thread. Public transportation is not an available option for many of us.