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Re: "Cash for clunkers" another agenda scam

I didn't like the fact that they were going to kill my poor baby (99 Ford Ranger XLT...RIP little buddy...), especially since the engine was still perfectly good. I couldn't justify spending the amount it was going to cost to fix all the electrical problems so I traded it in on the CFC program ($4500 vs $750). I bought a Toyota though lol. No Obama-motors for me.
 

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Re: "Cash for clunkers" another agenda scam

Indeed. The whole point of it is to get most of the older inefficient vehicles off the road. That's what I didn't like about turning my truck in, I'm sure someone could have used those parts...but for that amount of money I don't think I could sleep at night if I hadn't turned it in. I guess that's how they get you.
 

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Re: "Cash for clunkers" another agenda scam

I personaly think the CARS plan is a bad idea because people who are trading in the cars are generally doing so under the idea of saving money on fuel efficiency, but the reality of taking on a NEW higher interest rate loan, to save 38cents on gas isn't financially sound. Going into debt for the potential of saving tens of cents, or maybe $500 a year when you are paying out $2000 a year in new interest is just rediculous.

And you can buy a USED car with the CARS credit. I actually talked to the dealer about trading my 2001 v8 triton expedition for a 1999 Maxda light pickup, AND a 2006 Dodge Caliber. They said it was no problem, but to buy two cars on one credit I had to have a second buyer, or coborrower and another $1230 to add to the downpayment. I decided against it because my insurance would have gone up $60 a month to add the light pickup.
So go to a dealership and ask some questions guys.

You are all smart guys! I've read other posts.
What's with all the doom and gloom on here of late? Optimism isn't Socialism! Giving a "thing" a chance to do good isn't liberalism!
Interest free for 2 years FTW (how long it will take me to pay mine off).

And no, the CARS program does not apply to used vehicles.

Straight from the CARS.gov website:
Consumers will be able to take advantage of this program and receive a $3,500 or $4,500 discount from the car dealer when they trade in their old vehicle and purchase or lease a new one.
Also, if you read the 136 page document it describes in there how only new cars apply.

Just clearing that up :)

EDIT: I forgot to mention that certain individual dealerships may give you the same amount that the CARS program would have towards a used vehicle, but they will not receive the money from the government for those.
 

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Re: "Cash for clunkers" another agenda scam

If the gov't MPG rating is higher than 18 it isn't eligible. Since it's a car (and not a Viper or something) I'd guess they'll probably rate it 22 or so. My Ranger got 12MPG and the gov't rated it at 16, so apparently they are a bit wishful in the MPG something gets.
 

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Re: Top 4 vehicles traded in for "Cash for Clunkers" SUPRISE Fords...

RIP '99 Ranger... *cry* This was the last time I saw my poor buddy... at the Toyota dealership. The guy in the picture is the salesman writing up the VIN number.






May you rest in peace dear friend.

EDIT: She had 147869 miles on her.
 
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