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Old 05-08-2009, 11:41 AM   #1
Computerplay
 
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Congress agrees on "Cash for Clunkers" bill

$3500 to $4500 toward trade in if current vehicle gets below 18MPG.

Thought this might help alot of people trading in vehicles(especially if your upsidedown). Trade in Voucher from Gov't for trading up to a new vehicle getting at least 22MPG. Says should be done by Memorial Day.

Here is the link:

http://aftermarketbusiness.search-au...tegoryId=42269
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Old 05-08-2009, 11:55 AM   #2
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I think those facts are not exactly correct. It is my understanding that you will get a $3500 voucher if the new car gets 4mpg more than your old one, and $4500 if it gets 10 mpg more. I believe the 18 to 22 mpg was just an example.

It's hard to know because this is a variation of the bill and I'm not sure where to get the full text. It will probably change by the time it goes thru the Senate anyways.

This bodes well for the V6 Camaro with its 29 MPG.
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Old 05-08-2009, 12:14 PM   #3
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Think it will work if I trade my 1979 oldsmobile 98??????????
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Old 05-08-2009, 12:14 PM   #4
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Sorry, it was just a quick read. We won't know final details until it's done. May be very different by that time.
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Old 05-08-2009, 07:59 PM   #5
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Think it will work if I trade my 1979 oldsmobile 98??????????
Most likely, yes. I'm up in the air on if I would trade my SSEI for $3500, I've fixed everything on it and I'm kinda attached.

Maybe I'd keep it for the winter.
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Old 05-09-2009, 09:54 AM   #6
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I just read an update and it said this will be done by the end of the month. Hopefully this can help stimulate some car sales if used correctly. I can also see it being abused by dealers. If I decide to trade, this would be the last thing I mention before signing any papers.
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Old 05-09-2009, 10:02 AM   #7
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Most likely, yes. I'm up in the air on if I would trade my SSEI for $3500, I've fixed everything on it and I'm kinda attached.

Maybe I'd keep it for the winter.
Teleplayer,

I think that these vouchers will be in addition to whatever the dealer will give you for trade. So if they give you $2000, then your trade would be worth $5500-$6500.
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Old 05-09-2009, 10:07 AM   #8
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If this works im definitly trading my 1979 oldsmobile in because I only bought it for 500.
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Old 05-09-2009, 10:14 AM   #9
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how does the new gas mileage ranking system impact this? 2 years ago they switched off how they do all of the rankings so the same car that was ranked at 30 2 years ago is now around 28 or something.


though no way this impacts me, im not trading in my car, it gets 30 MPG, rated for 32 highway. damn olds had a good thing going with the alero.
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Old 05-09-2009, 10:18 AM   #10
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it says they dont know yet if there is an age cutoff. id be surprised if they would allow this for a car from 1979
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Old 05-09-2009, 11:40 AM   #11
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I wasn't going to trade, but this might be a good time to get rid of my SUV.
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Old 05-09-2009, 11:45 AM   #12
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I hope it doesn't matter how much you make. I've got a V6 on order so give me the BIG CHECK and I will turn it in. I'm thinking this is for at least 10 yr old cars.
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Old 05-09-2009, 11:46 AM   #13
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Originally Posted by blackedout010 View Post
it says they dont know yet if there is an age cutoff. id be surprised if they would allow this for a car from 1979
Why not? That is te whole idea behind this legisltion; get the old inefficient cars off the streets in favor of newer more efficient models. They would be defeating the purpose if they did so. Not to say that you are not correct. I believe you are, because of the way they do crap up on the hill. It does defeat the purpose of the bill if they put an age limit on it, since most older cars are the most inefficient on the road right now.

I also think I would shoot somone trying to trade in an old classic under this program, because they wll all end up in the crusher.
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Old 05-09-2009, 12:02 PM   #14
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I wonder if they will compare the MPG values that were posted on the original window stickers of the trade-ins or require some kind of emissions testing to receive the vouchers. If the former is the case, does anyone know if they will compare the trade's city MPG to the new car's city MPG, highway MPG to highway MPG, or take the average for the two vehicles and compare those?
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