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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

What is this discussion about? Car Buying, Legislation

Edmunds Cash for Clunkers Calculator
 
I Traded My Clunker and Bought a....?


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#57 of 2647
Re: Wait for the bill or not? [dtownfb] by kdhspyder
Jul 01, 2009 (11:43 am)
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Replying to: dtownfb (Jul 01, 2009 10:57 am)

The program is not a subsititute for normal marketing efforts by the vehicle makers although at first I thought it might be a big shot in the arm. But at best it'll probably be only a 10% boost.
 
That's not enough to encourage vehicle makers from eliminating incentives. However i wouldn't be surprised if the incentives soon become a thing of the past. Why? Profits.
 
GM, Chrysler and Ford must have profits to survive. Toyota, Honda and the rest don't want to stay stuck in the doldrums forever. Now that the D3 don't have the pressures of massive fixed cost debt hanging over their heads they can adjust production to inventory and sales. Before the D3 had to over-produce in order to keep fixed costs in line. Basically they gave up all profit. Now they can actually decline sales. WHOAAAAA ...whatta concept!!!!
 
I do see a hint of this already, but it's too early to say if it's a firm trend or not.
#58 of 2647
Re: Wait for the bill or not? [greanpea68] by tidester HOST
Jul 01, 2009 (12:47 pm)
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Replying to: greanpea68 (Jul 01, 2009 10:42 am)

Everyone is acting like a expert
 
I think everyone is trying to make sense of what little information is available. That hardly implies any pretense of expertise.
 
tidester, host
SUVs and Smart Shopper
#59 of 2647
Re: BMW 735i [prodrive] by volvomax
Jul 01, 2009 (12:53 pm)
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Replying to: prodrive (Jul 01, 2009 11:22 am)

Year and mileage on the bimmer?
#60 of 2647
Re: BMW 735i [volvomax] by prodrive
Jul 01, 2009 (1:10 pm)
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Replying to: volvomax (Jul 01, 2009 12:53 pm)

Volvomax,
 
The BMW I have is a 1988 735I with around 135k on it with some sweet after market BBS rims that I will be pulling right off- and replacing them with the OEM set before any trade-in
 
Oh, the other car that might work well for me too is the 4 door VW GTI.. both cars are great fun.
 
If like to know; my other cars are 2003 Evo 8 (best car I have ever owned) & a Full size Montero 03
#61 of 2647
Re: Wait for the bill or not? [dtownfb] by jwilliams2
Jul 01, 2009 (8:24 pm)
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Replying to: dtownfb (Jul 01, 2009 11:10 am)

Spoke with some friends who thought they could get a good price, less current incentives, less their trade value, less the government's handout. Why would a dealer give them trade value on a car that has to be scrapped? Its not like they can put the trade on the front line....
#62 of 2647
Re: Wait for the bill or not? [jwilliams2] by kdhspyder
Jul 02, 2009 (2:50 am)
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Replying to: jwilliams2 (Jul 01, 2009 8:24 pm)

No a buyer doesn't get both the trade value and the voucher discount. It's an either/or situation. In the trade-in case the buyer is selling the old car to the dealer. In the C4C case the buyer is selling the vehicle to Uncle Sam for it to be crushed - the dealer is only the conduit.
#63 of 2647
735I.. by prodrive
Jul 03, 2009 (5:12 am)
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Volvomax,
 
I'm looking for your reply...
#64 of 2647
Re: BMW 735i [prodrive] by greanpea68
Jul 03, 2009 (12:18 pm)
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Replying to: prodrive (Jul 01, 2009 1:10 pm)

The BMW I have is a 1988 735I with around 135k
 
That one is a hard one to call.... Yes it is a BMW but it 21 years old
 
Have to see it, that would be something that would sell better on Craigslist.
 
VW GTI may be better but would have to know more info...
 
The Evo, you will never get a trade in value that you are happy with.... at least that is my experieence
 
Hope it all works out for you... you may be better off waiting until the program "CARS" starts in a few months.
 
GP
#65 of 2647
Re: BMW 735i [greanpea68] by hamsalad2
Jul 04, 2009 (8:42 am)
Reply

Replying to: greanpea68 (Jul 03, 2009 12:18 pm)

I have a 96 Chrysler New Yorker I was going to use for the program but it misses it by 1mpg!! It gets a combined 19mpg. The 97 New Yorker with the same body style and engine qualifies, it gets 18mpg combined!
#66 of 2647
Re: 735I.. [prodrive] by volvomax
Jul 04, 2009 (11:56 am)
Reply

Replying to: prodrive (Jul 03, 2009 5:12 am)

Sorry, your bimmer certainly qualifies!

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