I am watching this thread with interest. I have a 1995 Toyota pickup with a
blown head gasket, but I should be able to drive it to a dealership. Are
the clunkers required to be running?
Harry
----- Original Message -----
From: "Donald Snook" <dsn...@mtsqh.com>
To: <Mercedes@okiebenz.com>
Sent: Tuesday, June 30, 2009 9:48 AM
Subject: [MBZ] Cash for Clunkers thoughts
I was thinking about this new cash for clunkers program that starts
tomorrow and was wondering whether it would smart to take advantage of it.
I have a very nice 1993 Cadillac Sedan Deville. As I understand the
requirements of the program
1. Owner must have owned the car for at least one year
2. Must trade it in on a NEW car
3. it must be 1984-2001 model year
4. It must get 18 mpg (combined) as calculated by EPA on their website
fueleconomy.gov
5. To get the full $4500, the new car must get at least 10 mpg better.
My Cadillac qualifies (in a few months - I haven't had it a year). So, the
question I am wrestling with is this: Is it worth it?
I hate buying a brand new car. If it was my car (as opposed to my
wife's), I would not be able to sell it/trade it every 9-12 months. I
would lose money trying to sell a new car that quickly. HOWEVER, my car
is certainly not worth $4500 and not taking advantage of this is like lose
a few thousand dollars. On the other hand, if I bought a new car, those
monthly car payments would eat up the $4500 pretty quick. I don't really
see any new car that is all that exciting at least not in the price range
I would interested in. Thoughts?
Donald H. Snook
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