Cash for Clunkers spawns online scams and all kinds of confusion

Cash for Clunkers spawns online scams and all kinds of confusion »Play Video

EUGENE, Ore -- Frank Williams of South Eugene is trying to sell his 1985 Thunderbird. He has it adverstised a "clunker" and is being sold for $4,500.

"I was asking  five grand," he says. "And Obama says they're worth 45 hundred."

He says someone who buys it can trade it in for "Cash for Clunkers."

But as John Kiefer at Kiefer Kia and Kiefer Mazda explains, "You can't do that. It wouldn't qualify for the one year of ownership or the one year of insurance."

Web sites like Craigslist are swamped with these types of ads. Some clunkers are going for a whole lot more than they're worth.

While some of these might be scams, as for Williams, he just didn't know.

"Oh, is that true?" he said after KVAL News told him about the requirements. "Well Obama says anything you can drive to the lot, he'll give you 45 hundred for it."

Here are the official requirements:

  • To qualify for the Cash for Clunkers program, you must have had the car insured for at least 12 months.
  • It must have been registered under your name for at least a year.
  • The car must be no more than 25 year old.
  • The must get 18 miles per gallon or less.

Williams said he's not too disappointed to hear the news. In his mind, this T-Bird isn't really a clunker anyway!

"I hope they drive it," he said about the person who ends up buying his car.