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• The car you are buying can not cost more than $45,000
This bill would offer consumers up to $5,000 to trade in a vehicle that's at least 8 years old in exchange for a new one built in the United States that gets at least 27 mpg if it's a car or 24 mpg if it's a truck or SUV. The total payout would be based on the new vehicle's mileage rating.
Hmm, my Saturn will be eight years old when the Model S is available. I was concerned about the trade-in value and eventually discarded it when figuring the cost of the Model S. I figured it would be worth whatever it's worth regardless of the vehicle I replace it with. But this changes the equation, perhaps substantially.That will work for me if it is still around when I get my Model S.
Hmm, can I buy a $300 8-year old car just to use as a trade in?
I don't see why not. The trade-in program is targeted at your old vehicle while the $7,500 rebate is targeted at your new vehicle. Two completely different programs.I don't see why not. The purpose of the program is to get rid of older cars.
What I want to know if these government programs are stackable. Can you get the hybrid/EV rebate stacked on this?
I don't see why not. The trade-in program is targeted at your old vehicle while the $7,500 rebate is targeted at your new vehicle. Two completely different programs.
Aaron Lowe, vice president of government affairs for the Automotive Aftermarket Industry Association (AAIA: undefined, undefined, undefined%).
"Proponents of the Cash for Clunkers bill say that it will benefit the environment because it will take older cars off the road, replacing them with new, more fuel efficient vehicles," said Lowe. "However, there is an inherent problem associated with this theory. What will become of all these old cars? The answer you don't hear from the backers of Cash for Clunkers is that these scrapped vehicles will more than likely be sent to landfills, creating more pollution, not less."
I'd like to see a picture of one of these "car landfills".