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Friday, June 19, 2009

Cash for Clunkers

Cash for Clunkers - boosting car sales
Is this a good idea ?????
i think it is
Essence of the bill
If you have a old car or a truck that gives less than 18mpg and is worth less than 3000$ in value then you basically need to get off the car.
In times of tough economy we tend to fix the car for fear of a new car payment monthly and fix and run existing car, what we do here is delay the problem and cause excess gas consumption and affect environment
The govt has a right step to give away this voucher so that it allows people to motivate themselves to get out and buy
In EUROPE this was a huge hit in germany
How do you qualify
Following are the conditions
1. Trade in a car 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. Buy a new car, priced at $45,000 or less and rated at least 4 mpg better than the old one (gets a $3,500 voucher). If the new one gets at least 10 mpg better, you get the full $4,500.
How do you find what is your current fuel economy of your car
www.fueleconomy.gov

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