Cash for Clunkers Program 2009
Cash for clunkers program 2009 has gotten off to a rocky start. Since the program began it is run into many problems including running out of funds. Hopefully, the politicians will see fit to add more funds for the program because of its wild popularity.
There have been some hiccups with the program so far. Many dealers have complained that the government has not gotten back to them in a timely manner which just holds up the delivery of their customer's automobile.
The maximum rebate program is $4500 but your car can be no older than 25 years old and hasn't gotten 18 miles per gallon or less. It will have to be registered and insured for the past year. You will also receive the scrap value for your car since it has to be taken off the road and measures taken to ensure that it never runs again.
You may see more and more advertisements to sell new cars as time goes on and the program's popularity gets even stronger. These dealerships will be happy to apply the $4500 towards the purchase of a new car and handle all the paperwork at the same time. Are you getting a good deal? In my experience car salesman like to play with numbers to make you think you're getting a better deal than you actually are.
The question that you need to ask yourself before you participate in the program is if you need a new car, or you just simply being hypnotized by the number of ads on TV because of the popularity of the program.
Remember, that when you buy a new car you are in fact going into debt by several thousand dollars and for several years at a time. This may not be a great decision considering the economy is fragile and unemployment rate, the real unemployment rate, is well over 10%. Exercise caution and you will see that it may be a good idea to keep your old car or buy a used car that's older and forgo the rebate. - 21396
There have been some hiccups with the program so far. Many dealers have complained that the government has not gotten back to them in a timely manner which just holds up the delivery of their customer's automobile.
The maximum rebate program is $4500 but your car can be no older than 25 years old and hasn't gotten 18 miles per gallon or less. It will have to be registered and insured for the past year. You will also receive the scrap value for your car since it has to be taken off the road and measures taken to ensure that it never runs again.
You may see more and more advertisements to sell new cars as time goes on and the program's popularity gets even stronger. These dealerships will be happy to apply the $4500 towards the purchase of a new car and handle all the paperwork at the same time. Are you getting a good deal? In my experience car salesman like to play with numbers to make you think you're getting a better deal than you actually are.
The question that you need to ask yourself before you participate in the program is if you need a new car, or you just simply being hypnotized by the number of ads on TV because of the popularity of the program.
Remember, that when you buy a new car you are in fact going into debt by several thousand dollars and for several years at a time. This may not be a great decision considering the economy is fragile and unemployment rate, the real unemployment rate, is well over 10%. Exercise caution and you will see that it may be a good idea to keep your old car or buy a used car that's older and forgo the rebate. - 21396
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3 Reasons To Avoid The Clunkers For Cash Program. The Clunkers For Cash Program may not be your wisest choice. A Must Read
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