Hello All,
I spent a few hours this weekend looking at cars. I was planning on retiring my '91 F-150. It seems since its passed a quarter million miles, it's showing its age.
So, I'm in at various dealerships and realize that none of these guys know about the Cash for Clunkers proposal in Congress. It could just be that they didn't want to be the person to tell me to not buy a car, but I think they just didn't know and that got me to thinking about y'all here.
Don't buy a new vehicle until Congress says either yea or nay to this idea.
Here's the way it'll work if it passes.
I take my F-150 and scrap it (right now, I'll get $450 for it) or I take it to the dealership and "trade" it. They'll pretend to give me $600 but I'll notice later that I paid $601 for window etching...
That would be the normal scenario, but under cash for clunkers, my mileage for the F-150 is 16mpg. If I buy a car that has 26+ mpg (Let's say a 2009 Hyundai Elantra base model on sale right now for $9999), Congress will take some of my, your, your kid's tax money (actually $4,500), wire transfer it to the dealership. I now am buying a $5,500 car and the dealership has to make arrangements for my clunker to be squashed.
Whether you think this is a crock or?????, it's a program that we'll pay for regardless - cause Congress is soooooo wise - and it's about the only direct stimulus you can tap for your immediate family.
Two things, you'll have to have held title to the clunker for the past year, and it has to be running...
I spent a few hours this weekend looking at cars. I was planning on retiring my '91 F-150. It seems since its passed a quarter million miles, it's showing its age.
So, I'm in at various dealerships and realize that none of these guys know about the Cash for Clunkers proposal in Congress. It could just be that they didn't want to be the person to tell me to not buy a car, but I think they just didn't know and that got me to thinking about y'all here.
Don't buy a new vehicle until Congress says either yea or nay to this idea.
Here's the way it'll work if it passes.
I take my F-150 and scrap it (right now, I'll get $450 for it) or I take it to the dealership and "trade" it. They'll pretend to give me $600 but I'll notice later that I paid $601 for window etching...
That would be the normal scenario, but under cash for clunkers, my mileage for the F-150 is 16mpg. If I buy a car that has 26+ mpg (Let's say a 2009 Hyundai Elantra base model on sale right now for $9999), Congress will take some of my, your, your kid's tax money (actually $4,500), wire transfer it to the dealership. I now am buying a $5,500 car and the dealership has to make arrangements for my clunker to be squashed.
Whether you think this is a crock or?????, it's a program that we'll pay for regardless - cause Congress is soooooo wise - and it's about the only direct stimulus you can tap for your immediate family.
Two things, you'll have to have held title to the clunker for the past year, and it has to be running...