Have a clunker of a car...why not trade it in?

senninsennin Posts: 2,146
edited July 2009 in All Encompassing Trip
The government is giving out $3500-$4500 if you trade in your "clunker" for a new car.

1. Check if your car meets requirements
Your "clunker" must
- Get less than combined EPA MPG of 18. Check here if you qualify http://www.fueleconomy.gov/feg/findacar.htm
- Be owned / registered / insured to you for at least a year
- Be driveable
- Be newer than 1983 model

2. Check how much your car is worth
- Go to KBB.com and check how much your car is worth
- If it's trade-in value is worth over $4500, ignore this government offer and just sell the car. Keep in mind your car may not sell for trade-in value

3. Check how much you can get from the government
- Depending on what kind of car you trade in and buy, you can either get $3500 or $4500. Check here http://www.fueleconomy.gov/feg/cars.shtml

4. If you qualify, go shop for a new car
- We don't recommend buying a new car, but if you want a new car, this is a great offer. Government has allocated $1b for this offer.
Post edited by Unknown User on

Comments

  • mca47mca47 Posts: 13,301
    I'm thinking about getting a new car in the fall.

    Unfortunately my car isn't considered a "clunker".
    It's an older car, but it gets 34mpg, and doesn't really fit the gov't definition for any kind of new car rebate.


    Crap!
  • Elderly ManElderly Man Posts: 235
    i have a 1993 ford explorer. it's horrible on gas, 2 doors don't open, 2 windows don't close, i don't have AC, and it's beginning to rust. am i eligible?
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  • mca47mca47 Posts: 13,301
    i have a 1993 ford explorer. it's horrible on gas, 2 doors don't open, 2 windows don't close, i don't have AC, and it's beginning to rust. am i eligible?

    Sounds like it.

    As long as you get a new car with better mpg (I think it's like 4 better than what you have) you should qualify.
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