Monday, May 12, 2008

SUV drivers burning their gas guzzlers

Shoulda gotta hybrid

CNBC's HomeFront just ran a story about how insurers are seeing a big increase in insurance fraud regarding SUVs. Owners are abandoning and torching their SUVs in an attempt to offload their gas-guzzlers, since SUV value has gone through the floor. I'm sure some politicians will begin using this fact as proof that a gas tax holiday is needed to save SUVs before they go extinct.

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3 Comments:

Blogger Ross said...

I bet nobody saw this coming. hahaha. Might as well re-coupe all the money you paid into the insurance company and go buy a hybrid with it. haha, this should have been seen coming a mile away.

2:14 PM  
Blogger Nozferatu said...

These are probably the same assholes who are now walking from their mortgage obligations too.

Well...at least we know the founding principles of the USA are still steadfast some 250 years later...cheat, lie, screw everyone and then walk away.

Good to know.

2:37 PM  
Blogger Dahcredyns said...

noz-

this story was a secondary point of a report on mortgage delinquencies and how some home owners have also been torching their homes.

9:00 AM  

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