Cash For Clunkers: Good Or Bad Idea?
You also need to have money to buy a new vehicle or at least good credit to get any financing.
A new vehicle, even a fuel-efficient one, may average $25,000 to 30,000. For most people buying a new car will mean larger car payments, which is not desired in the current economy. This program was really created to upgrade the U.S. auto fleet. Beware: There are websites with similar sounding programs that are not connected in any way with the government's Cash for Clunkers program. Some of them may even ask you to supply personal information, such as a social security number or date of birth. The key here is value. Although the spirit of the Cash for Clunkers program is positive, one might do better at a cash-for-car dealership such as Quick Cash Auto that regularly buys used cars of any make or model and often beats the trade in price. For those of us who are on the losing end of this government bill, you should first investigate what you can get for your used or old vehicle as they are in more demand than newer cars. The idea here is to trade your old car in for a used "fuel-efficient" vehicle. Any other type of vehicle purchased as result of a trade-in would not help the environment nor could you take advantage of any other incentives available for fuel-efficient cars. Check fuel consumption ratings for used vehicles to determine your available incentives. Cash for Clunkers is not a benefit if you come out on the losing end of the stick.
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05.12.2009
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21.12.2009
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