Some car shoppers are finding that their trade-in vehicles, which qualified for a Cash for Clunkers rebate last week, don't this week thanks to changes in the EPA's fuel economy ratings.
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Subject: [RBASE-L] - Re: OT -Clilmate was R:quiet in MS
From: Bill Downall <[email protected]>
Date: Tue, July 28, 2009 6:43 pm
To: [email protected] (RBASE-L Mailing List)
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, 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.BillOn 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.
