My 1991 Buick Park Avenue with over 200,000 miles and no working air conditioner has suddenly become more valuable... About $4500 more valuable.
$4500 is the rebate I'd be eligible for under the new cash-for-clunkers program to encourage people to buy newer, more fuel efficient cars. I've never bought a new car. The notion of losing 30% of the value the minute it leaves the dealer's parking lot is not appealing to me. And, of course, I've never really been able to afford one.
Shaving $4500 off the price makes buying a new car a whole lot more appealing. The fact I won't be in the US much for the next couple of years is a bit of a downer.
But let's pretend: Say I were to be in the market for a reasonably priced new car that has to get pretty good mileage (in order to be eligible). What car would you recommend?
Considering maybe you could double up on Hybrid credits, support American cars, support the environment, and get the cash for clunkers certificate I might suggest the Ford Fusion Hybrid. If you're only going to be back in teh summer, I might also suggest a If you want something that isn't jacked up because of its hybrid qualities, I may suggest a Civic.
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