Sunday, June 21, 2009

One more go at the cash-for-clunkers

Aaron (from previous post) is right: You can't simply buy a worthless car to be eligible. The info at cashforclunkersfacts.com says you have to own it for a year.

Now I'm wondering just how much value this program will have. Most people driving a car with no book value can't afford a better car... or they'd be driving one already. If not a new car, they'd have bought a better used car.

Anyhow, according the government my 1991 Park Avenue gets 19 MPG. One site says the combined has to be 18, which would mean the Park Avenue wouldn't qualify. Another says for cars it has to be below 22.

Not surprisingly, the car manufacturer's are getting into the act. I could buy a brand new Ford Focus for less than $9000! Too bad it's a Focus.

Update: According to the government website cars.gov the vehicle has to be a combined 18 MPG or less. The 1991 Park Avenue has a combined 19 MPG.

If a tank of a car like the Park Avenue doesn't qualify I have a hard time believing many will!

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