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#81 of 100 best hurry if you want to be able to post in here
by Stever@Edmunds HOST
Aug 20, 2009 (12:21 pm)
"The Obama Administration will end the $3 billion "cash for clunkers" program at 8 p.m. EDT Monday -- giving dealers and consumers one final weekend to junk a vehicle and buy a new, greener one.
U.S. Transportation Secretary Ray LaHood said today the expiration day was determined by using conservative sales estimates, to ensure that there is enough incentive money left in the pot to cover what's expected to be brisk sales this final weekend.
"This program has been a lifeline to the automobile industry, jump-starting a major sector of the economy and putting people back to work," LaHood said.
"At the same time, we've been able to take old, polluting cars off the road and help consumers purchase fuel efficient vehicles."
As of today, the Car Allowance Rebate System, as the program is officially known, has resulted in 457,476 vehicle deals worth $1.91 billion in rebates."
'Clunkers' program ends Monday night (Detroit News)
#82 of 100 Re: tax [shophappily]
Aug 20, 2009 (1:44 pm)
Just traded my 98 F150 for a Honda Fit Sport. The Honda dealer took off the $4500 at the very end, after all taxes and fees.
#83 of 100 Re: Thanks Uncle Sam [sidearms2]
Aug 20, 2009 (8:06 pm)
You did well - congrats!
The Hyundai loan at 5.39% is good. I would consider paying ahead on it unless you can get better than 5.39% on your money. An extra $50/month will get you paid off in 48 months.
#84 of 100 Re: TELLING ME TO GIVE THE CAR BACK [gcamoriano]
Aug 21, 2009 (2:17 am)
how late were you in renewing you tags? Days or months?
#85 of 100 Re: Bought a 2009 Ford Focus SE for $10,430 after C4C and rebates [turtleann]
Aug 22, 2009 (7:51 am)
The warranty will give your dealer a chance to make up much of the money he has given away to you. The best dealer's warranties only pay about fifty cents on the dollar back, third parties even less. That's why they pressure you to buy.
Having said that, the only warranty I ever bought paid off nicely on a 1985 Tempo-- truly horrible car in which everything broke once-- Ford at that time had a lifetime warranty on repairs. I'm sure the new Focus is much much more reliable and the warrranty will be money mostly wasted.
Aug 23, 2009 (7:30 pm)
I traded a 1994 chevy 2500 flatbed with 350 V8 automatic, that was probably the ugliest car in my area, for a 2010 Hyudai Sonata GLS with 4cylinder engine and a 5 speed automatic transmission. The sticker price was $20,800 but after the $4500 C4C rebate, $1,000 Hyundai rebate, $500 previous Hyundai owner rebate/incentive, and a $600 negotiation on my part I walked out the door paying $15,500 (taxes 3.5% in VA / titling $58 / and processing fee $449, included). I probably could have squeezed a little more money out of the dealer but they offered free oil changes for the life of the car and other service incentives to new car buyers. So I felt that I did okay.
I think I finally got one over on the Man (even though I'm sure he'll stick it to me somewhere else several times over).
Oh yeah, almost forgot, the chevy had over 250,000 miles on it. and almost no paint left. I had it listed on craigslist for a month and the highest offer I got was $600 (which is what I paid for it last June). Not to mention that the master cylinder just went out and three of the four tires were almost completely dryrotted. It was just a truck I used to get mulch and other crap back and forth from Home Depot and Lowes. I probably put all of about 400 miles on it since I bought it.
It sickened me though when I was shooting the small talk with the sales associate and he told me a story about a trade-in earlier in the week. He said an elderly female had a '96 Isuzu Trooper with only 32K miles and she told him that it ran okay, but it kept shutting off on her. She wanted a new one because she was scared it would cost toom much to repair. The guy told me after she dropped close to $16K on a new Hyundai they took her Trooper in and found the only thing wrong with it was the battery and cable needed to be replaced. The clerk said the car was pristine inside and out. Makes me wonder how many of those stories are out there.
#87 of 100 Traded my Infinity QX (Thank GOD!)
Aug 23, 2009 (8:48 pm)
I traded in an Infinity QX that almost got 13 MPG once. That was when it was running. It only had 22k miles on it, but it ate transmissions and brake rotors like a crack addict. I was going to sell it, but my I wouldn't feel good knowing someone else would be getting that lemon. I bought a Jeep Patriot. I paid aout $13500 out the door and its pretty much loaded. I already know I'm going to enjoy it more than sitting at the Nissan dealer waiting for some idiot flunky, to fix my truck the right way.
#88 of 100 Not me...
Aug 24, 2009 (5:22 am)
...but a co-worker traded her 1995 Mercury Villager minivan for a Toyota RAV4. She got the full $4,500 trade-in amount.
#89 of 100 Dodge Caravan to a Scion xD
Aug 24, 2009 (1:00 pm)
Traded in a '97 Dodge Caravan for an '09 Scion xD. The van had been a good vehicle but needed some body work and had some suspension issues. Transmission hadn't gone out at the usual 80K; we were way beyond that point and were "expecting" that to happen anytime. Got the full $4500, taken off before taxes. A bit over $13K otd. (KInda felt bad about the van...it had taken us safely from one coast to another and a lot in between...lots of memories.) Getting 30 mpg average mixed city/highway so far almost makes up for it.
#90 of 100 Chevy G20 van for Accord EX
Aug 25, 2009 (5:00 pm)
1995 Work van needed,tires, brakes, etc. List was 25075 for the Honda. minus 4500 before tax. Paid 17046 plus tax. Costco deal.
CARS website states buyer also gets scrap price minus $50 for the dealer. Did anyone get this? Not me. When I mentioned this the dealer said $50 was all they got. Seems fishy but whatya gonna Do?