Bob, Not quite that wise. The old car can't be too efficient. My wife isn't eligible for the big rebate if she were to trade in her 12-year old Mercedes 230 for a 50 mpg Prius, because the Mercedes is rated too efficient at 21 MPG. The 29 mpg improvement doesn't qualify. The old car must have had a rating of 18 MPG or worse. She's been saving too much gasoline for too many years.
The rules: According to USAToday.com <http://usatoday.com/>, in order to take advantage > of the offer, the individual making the purchase must fulfill two > requirements: 1) Must have a trade-in that has been registered and in use for at least a year, and has a federal combined city/highway fuel economy rating of 18 or fewer miles per gallon. 2) Must buy a new car priced no higher than $45,000 and must have a MPG rating of at least: 4 MPG higher than the trade-in to get $3,500 or 10 MPG higher than the trade-in to get $4,500. Bill On Tue, Jul 28, 2009 at 6:33 PM, <[email protected]> wrote: > To my understanding, the wisdom of our government concerning cash for > clunkers is: > > Car trade in.... new vehicle has to get 10 miles/gallon more. > > >
