[SELVERGTR7]

 

[GTRdean]

What's the gimmick?

 

[jaspergtr]

No gimmick. It happens.

Some states do this if you get 3 DUI's (I know of one that makes you push the button).

 

[SELVERGTR7]

california.....

 

[Ehunn]

Wtf?? What if the bank owns the car?

 

[hollywood hogan]

damn..why waste what im assuming was a perfectly usable car? Couldn't the gov't have sold it to someone and use that money to pay off some debt

 

[equisch3x]

Wtf?? What if the bank owns the car?

I think it got crushed for other reasons, not necessarily street racing, doesn't even look like a 2011 (headlights)

 

[jaspergtr]

Wtf?? What if the bank owns the car?

Then the owner keeps paying on the car, just as if it wasn't crushed.

 

[SELVERGTR7]

Wtf?? What if the bank owns the car?

the owner will still have to pay for it (if its a lease or w.e)

 

[Ehunn]

I think the bank would have a problem if the collateral was no longer there. This seems like a terrible waste of an asset. Why not just put the guy in jail?

 

[mikewads]

I think the bank would have a problem if the collateral was no longer there. This seems like a terrible waste of an asset. Why not just put the guy in jail?

I agree. That suxs to see such a nice car destroyed.

 

[domino_z]

hahaha silly americans

could have knocked a few c notes off the top by selling that car instead of trashing it

http://usdebt.klepto...000,000_USD.jpg

 

[Cavalier777]

yeah. dumb. I don't see why they can't strip the legal parts off, sell those, and then crush the rest.

 

[SuperRedGTR]

I dunno guys, the suspension looks kind of weird too. The rotors were damaged as well and there were no calipers on her...

 

[Justice]

What a stupid idea.

 

[Optherion]

I always thought this was stupid. Police already have police auctions. Where you can buy macbook pros

and all sorts of stuff. Best place to get an iPhone or a Macbook. no joke. Seems to be the popular phone and laptop of drug dealers. Go figure. They already auction off POS, 100k mile+ vehicles, why wouldnt they just sell this car and pocket the money? Our state is in so much debt they could have make at least $30k. Damn you California.

 

[boarderag]

Every time I see this sh!t it pisses me off to no end. What the hell does it accomplish? Not only are you destroying a perfectly good asset which you could otherwise sell, but now the owner will have a large debt burden because he will have to pay for the car and he will be less able to contribute to our consumer driven economy. Or he defaults on the debt, which is a loss for the underwriting bank, the bank will then be less able to lend to someone else since the loss on the loan will go against it's capital base.

The assholes who write these laws should be required to at least take an introductory course in economics. Obviously this one case doesn't really affect anything, but in aggregate, the lack of thinking that goes into this policy making DOES affect things.

 

[GTRdean]

What's the gimmick?

I swear, first time i watched that clip right that vid was posted it was like a 6 min rap video....lol. thought it was some kind of joke i didn't get.

ok I see now.

 

[krea.tion]

Every time I see this sh!t it pisses me off to no end. What the hell does it accomplish? Not only are you destroying a perfectly good asset which you could otherwise sell, but now the owner will have a large debt burden because he will have to pay for the car and he will be less able to contribute to our consumer driven economy. Or he defaults on the debt, which is a loss for the underwriting bank, the bank will then be less able to lend to someone else since the loss on the loan will go against it's capital base.

The assholes who write these laws should be required to at least take an introductory course in economics. Obviously this one case doesn't really affect anything, but in aggregate, the lack of thinking that goes into this policy making DOES affect things.

QFT

 

[NickTO]