I was thinking about this new cash for clunkers program that starts tomorrow and was wondering whether it would smart to take advantage of it. I have a very nice 1993 Cadillac Sedan Deville. As I understand the requirements of the program
1. Owner must have owned the car for at least one year 2. Must trade it in on a NEW car 3. it must be 1984-2001 model year 4. It must get 18 mpg (combined) as calculated by EPA on their website fueleconomy.gov 5. To get the full $4500, the new car must get at least 10 mpg better. My Cadillac qualifies (in a few months - I haven't had it a year). So, the question I am wrestling with is this: Is it worth it? I hate buying a brand new car. If it was my car (as opposed to my wife's), I would not be able to sell it/trade it every 9-12 months. I would lose money trying to sell a new car that quickly. HOWEVER, my car is certainly not worth $4500 and not taking advantage of this is like lose a few thousand dollars. On the other hand, if I bought a new car, those monthly car payments would eat up the $4500 pretty quick. I don't really see any new car that is all that exciting at least not in the price range I would interested in. Thoughts? Donald H. Snook -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090630/4bce03aa/attachment.html> _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
