Comments on: Cash for Clunkers Credit Incentive Details

By: Novated Lease

Novated Lease — Wed, 25 Nov 2009 02:40:48 +0000

@David, yeah, the tax incentive is ending for business at the end of this month, will be very interesting to do some analysis on the US scheme versus what our government offered.

By: David in Sydney

David in Sydney — Tue, 15 Sep 2009 06:13:08 +0000

So now the ‘Cash for Clunkers’ program has ended, it will be interesting to compare with Australia’s approach – specifically the tax rebate for new machinery (including cars)

By: Ms Save Money

Ms Save Money — Thu, 30 Jul 2009 22:18:17 +0000

I just bought my car this past weekend – too bad I didn’t have a clunking car to trade in for.

Oh well – I’m still stoked about my new car

By: Cash Back

Cash Back — Wed, 22 Jul 2009 23:12:00 +0000

I really like this initiative. It’s good for the economy and the environment. I looked into this for my girlfriend’s car, but it turned out to be more worthwhile to just sell it privately. So the program does have its flaws, but I guess they have to limit abuse somehow.

By: emergency cash

emergency cash — Thu, 16 Jul 2009 22:14:20 +0000

I’m so, so tempted to do this but the thought of a new or used car payment creeps me out.

By: t

Tue, 30 Jun 2009 16:56:40 +0000

darn, my clunker gets 20/21 MPG…

By: Donna

Donna — Tue, 30 Jun 2009 14:46:13 +0000

I’ve got a ’98 RAV4 AWD that is need of about $2K worth of work and has almost 120K miles. Would this auto qualify? Or do I go the trade-in route?

By: Justin

Justin — Fri, 26 Jun 2009 00:20:08 +0000

It will be very interesting to see how this plays out. Is taking on a car payment something people really need right now?

By: G.E. Miller

G.E. Miller — Tue, 23 Jun 2009 02:03:49 +0000

@ Kelli – Good question. No, you would want to sell that car on your own or go the traditional trade in route. The way the program works, the dealer is actually required to scrap the vehicle. Therefore, they don’t get to keep it and all that’s left is your credit. For any vehicle with a trade-in value of $4,500 and up, it makes sense to forego this program.

By: Kelli

Kelli — Mon, 22 Jun 2009 23:24:15 +0000

I want to trade in my Ford Expedition which has a kbb value of 7000. Would I get that value for the trade in and the incentive money or would I just get one or the other?