Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper Cash for Clunkers - Does it Work for You?
2647 messages, Last post on Oct 01, 2009 at 6:33 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
Edmunds Cash for Clunkers Calculator
I Traded My Clunker and Bought a....?
|
Replying to: kernick (Jun 30, 2009 10:57 am) The typical person with a clunker a) can not afford the payments on a new $25K+ non-entry-level vehicle, and b) probably couldn't get financing From daily experience this is simply not true....and why does the new vehicle have to be $25K+. I'll go out on a limb and guess that most of these clunkers traded in by the buyers on the edge will result in the new owner driving off in a $17000 vehicle that cost less than $13000....or lower.
|
|
|
Replying to: kdhspyder (Jun 30, 2009 12:30 pm) Remember, in order for this program to make sense you have to be driving a broken down,nasty, POS. Most older used cars are worth more than $3500. The people driving them aren't coming in the door as it is. |
|
|
Replying to: kdhspyder (Jun 30, 2009 12:30 pm) That's what I was saying. Higher end brands will be lucky to see 1 or 2 customers over many months who are trading in a clunker. So why would one of these higher end brands want to have to deal with getting at least their administration and finance people up-to-speed on the many pages of what this bill entails. If I run a BMW dealership, I say let the 1 or 2 customers I might get, go down the street and bug the Lexus dealer, and park some junk out front on a Sat. afternoon. I wouldn't want the oil-stains in my driveway. |
|
|
Replying to: volvomax (Jun 30, 2009 3:15 pm)
|
|
|
Replying to: kernick (Jun 30, 2009 4:38 pm) in my 99 Mercury Villager thats worth $1000-2000 in trade. I bought this car new and it's in good shape (not a clunker). I have great credit, but it doesn't matter because I'll be paying CASH. I don't think I'm alone. |
|
|
Replying to: ldisler (Jun 30, 2009 4:59 pm)
|
|
|
Replying to: kernick (Jun 30, 2009 4:38 pm) 
|
|
|
Replying to: gagrice (Jun 30, 2009 5:40 pm) |
|
|
Replying to: kernick (Jun 30, 2009 10:57 am) I'm starting to feel pretty inferior for driving my 2000 Intrigue with 178k miles (few dents and a rust spot by the fuel tank). all this time i thought I was saving money by not having a car payment. In reality, I have poor credit, make minimum wage, and can't afford a $25k car loan. I better find the guy who's life I'm living. Kidding aside, I do tend to agree but not from the point of view that people that drive "clunkers" somehow can't afford a new car. But from the POV that people that can afford a car payment and drive a clunker do so because they are cheap and don't think buying a new car is a good use of their money (myself included). Even if they could get $3500-$4500 for their car, they would still find the remaining amount too expensive. But then you will have those who will use this opportunity to buy something new and drive it into the ground. You just don't know! Which is why any dealer that sells a car that is less than $45k should register. Remember there 300 million people in this country and about 150 million are eligible drivers (guessing). The banks and lending companies will take care of finding those that qualify. If the dealer sees a pattern of people not getting qualifiedy a person, why not discuss financing upfront like real estate agents do? I can see that being a royal pain dealing with people who you can't get financed. Lots of time wasted. BTW, I just replaced my Intrigue with a 2006 Camry. I buy used cars for myself, new for my family. I regularly drive my cars over 120k miles.
|
|
|
My 2000 ford tauras has front suspension shot has a big dent and 120k miles .Its probabily worth 500$ but the new combined mileage is 20 mpg so i get nothing. I take the train to work and also own a 2007 camry which my wife/family car.i can afford only 1 payment so i drive the clunker.if this was avialable i would have picked a jetta or something in a lease . I do not like the generalization . last year i put 1000 miles on my clunker and 8000 miles on my motorcycle living in NE. I take the train to work and the camry is the family vehicle[avg 12-13k a year as wife is a stay at home mom]. |
|
You are here:
Forums
Smart Shopper Cash for Clunkers - Does it Work for You?
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
