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Cash for Clunkers - Does it Work for You?

2647 messages, Last post on Oct 01, 2009 at 6:33 PM
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Edmunds Cash for Clunkers Calculator
I Traded My Clunker and Bought a....?
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My sister is looking for a new car, and would be happy to use this. But, her relic (1995 Maxima, probably up to about 180K now, and needing brakes and suspension, no AC anymoe I don't think), likely rated too high in MPG to qualify. Now, her situation? THis is my nephews car. He is going to inherit her current car, and she will be buying the new one, but both are now in her name. SO dumping this for $3,500 on a dealer would have been a fantastic windfall, since she ain't getting close to that on the street.
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Replying to: stickguy (Jul 13, 2009 7:40 am) |
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We are planning to purchase a mazda 5 touring as soon as the cash for clunkers takes effect on July 24th. Our 98 Ford Windstar (3.8 L engine) qualifies us for the full $4500 (and is in the kind of shape that we'd be lucky to get $450 for her otherwise, plus she's on her 3rd transmission... ugh). We plan to put $6000 down on the 5, finance the remainder (after $4500 and $6000, obviously). We are asking for a Touring, white, DVD installed w/ 4 sets headphones, roof rack, roof cargo thingy (?), and 2" hitch. I am researching now and learned here that the TMV for a white touring with dvd installed is $20,514. I'm not sure how much having those other additions should cost. We are also looking at getting our own financing (I plan to pursue the PenFed credit union as mentioned here). I'd love any other advice before we begin negotiating final prices. We have a dealer we'd most like to go with but there are several others we'll call to see who might be willing to deal. Thanks for any advice
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Replying to: teachermommy (Jul 11, 2009 7:38 pm)
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Replying to: teachermommy (Jul 11, 2009 7:38 pm) struts but otherwise is in good shape ( dealers try to steal trades). I'll get the $4500 w/ clunkers. I've gotten a quote of $18500 for a Touring with no options, just waiting till clunkers kicks in.
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Replying to: ldisler (Jul 13, 2009 5:34 am) |
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Replying to: cyclone83 (Jul 12, 2009 9:24 am) What are you trading? I believe the 5 qualifies for $4500 no matter what you trade because it's a catagory 1 truck. As long as your trade meets the Gov qualifications. |
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Replying to: isellhondas (Jul 12, 2009 4:30 pm) Yes I think that it will be the scrap yards that make out best here. They will be given vehicles ( free of charge except for towing ) that they can then take apart and retail out at junkyard prices at some time down the road, then they have to spend the time and expense to destroy the engine and body but then they can resell the bundled auto scrap to the markets all over the world at the going market prices. A capable owner should strip off everything that's of any value before dropping it off. |
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Replying to: ldisler (Jul 13, 2009 6:40 am) |
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Replying to: cyclone83 (Jul 13, 2009 9:52 am) |
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