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I Traded My Clunker For $3500/$4500, and Bought A...

99 messages,  Last post on Sep 29, 2009 at 6:01 AM

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#1 of 99
I Traded My Clunker For $3500/$4500, and Bought A... by hpmctorque
Jul 03, 2009 (2:53 pm)
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If you took advantage of the C4C program, tell us about your experience, including...
 
   * Year, make, model, mileage and condition of
      your trade-in.
 
   * Year, make and model of your new vehicle.
 
   * Any details about the transaction that you
      think could be of interest to others.
#2 of 99
Anybody? by hpmctorque
Jul 13, 2009 (7:01 am)
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Has any Edmunds discussions participant traded their clunker in yet?
#3 of 99
Re: Anybody? [hpmctorque] by stephen987
Jul 13, 2009 (7:05 am)
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Replying to: hpmctorque (Jul 13, 2009 7:01 am)

I'm waiting till the NHTSA rules come out on the 23rd. Then I'm looking to ditch my '94 Dodge Ram pickup for either a Fit or a Soul.
#4 of 99
Some results by anythngbutgm
Jul 13, 2009 (8:01 am)
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link title
 
So far, Hyundai has been the only automaker in the U.S. to accept early trade-ins under the Car Allowance Rebate System (CARS), or Cash-for-Clunkers (CFC), program. Most are waiting for the U.S. Department of Transportation to finalize the program's rules and regulations by July 24th, but Hyundai decided to start early since the program covers all transactions dating back to July 1st.
 
Nearly a third (32 percent) of the trade-in models reported by dealerships were Ford vehicles, followed by Dodge (23 percent). Lexus, Jaguar, and Mercedes-Benz are among the other brands delivered as "clunker" trades,
 
 
#5 of 99
Re: Some results [anythngbutgm] by fintail
Jul 13, 2009 (9:10 am)
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Replying to: anythngbutgm (Jul 13, 2009 8:01 am)

I'd expect a lot of neglected old luxobarges will meet their fate via this program - cars with prohibitive costs of reclamation that aren't worth much anyway.
 
A worn old 1990 LS, XJ, 7er, S etc isn't worth $4500, can burn a lot of gas, and costs a fortune to fix.
 
I want to feel sorry for any old W126 being scrapped, but I can't with any logic - removing the problem cars will make the genuinely nice ones that much more special.
#6 of 99
Re: Some results [fintail] by stephen987
Jul 13, 2009 (9:44 am)
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Replying to: fintail (Jul 13, 2009 9:10 am)

Fintail, I had one of those old W126 sedans--an '83 300SD--and it was a terrific car when it was working properly. It was too good to scrap, as there was zero rust, but it was still pretty expensive to maintain. I see a lot of them around town in far worse shape, and some of those genuinely should be parted out to help save those that remain.
#7 of 99
Re: Some results [stephen987] by fintail
Jul 13, 2009 (11:24 am)
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Replying to: stephen987 (Jul 13, 2009 9:44 am)

I had a W126 300SE, the I6. It was in spectacular condition, but was heading for 200K miles when I sold it around 4 years ago, and it had some minor needs. I got about 5 grand for it, so it would be on the border of being worthy of a clunker cash-in, and that small engine with the big car wasn't the most efficient combo...so it might meet the mpg limits. But I would feel guilty if I scrapped it, it just wasn't a heap yet.
 
I see a lot of beater W126 around, as they can take a lot of abuse before they finally die. No worries about their fate, as you say, they can be parted out, and the beauties will survive. I am not worried about many legit special interest cars being hit by this scheme.
#8 of 99
Re: Some results [anythngbutgm] by steve_ HOST
Jul 13, 2009 (11:35 am)
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Replying to: anythngbutgm (Jul 13, 2009 8:01 am)

One of the local Mazda dealers is taking trade-ins and treating them as clunkers. We did a test drive but didn't pursue the car.
 
Dealers in Anchorage are sitting on their hands. Sales haven't been too bad up there anyway and they are afraid of getting stuck and not getting reimbursed. Cash for clunkers program idles in neutral (Anchorage Daily News)
 
#9 of 99
Re: Some results [fintail] by bhill2
Jul 13, 2009 (11:51 am)
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Replying to: fintail (Jul 13, 2009 11:24 am)

Yeah, I'm in preparatory mourning over the '85 380SE that the missus and I bought, gently used, in '91. It has over 250K on it now and still runs almost like when we got it, and I swore that I would be buried in it. But I know that we are flirting with a potential wallet-flattening repair any time now and I think the C4C program may be our way out. It's just so hard to say goodbye.
#10 of 99
Re: Some results [bhill2] by fintail
Jul 13, 2009 (1:07 pm)
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Replying to: bhill2 (Jul 13, 2009 11:51 am)

I get sentimental with old cars, so if I had something that long...I'd have a hard time parting with it. Is it an airbag car? I assume it has ABS.
 
With those miles it would have to be amazingly perfect to be worth a penny more than the clunker trade in value, so if one looks at it via logic only, it might make the most sense.

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