Tuesday Tip: Cash For Clunkers

08/18/09  Print This Post Print This Post    5 Comments      Written by Juliane Huang
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Photo: dno1967

If you haven’t heard already, Cash for Clunkers is yet another move making folks here in the US don our best consumer coats and come to the spending party.

For vehicles less than 25 years old, registered and insured for the full-year preceding the trade-in, and never get you laid, the CARS Allowance Rebate System program will hand qualified applicants a few grand on top of their vehicle’s current trade-in value to buy or lease a brand new ride.

This means consumers may receive up to a $4,500 discount for their trade-in vehicle when purchasing or leasing a new vehicle. Almost 30,000 different vehicle models qualify for the program so this might be just the right discount for you to take advantage of if you’re in the market for a new vehicle. Check the website for more details and the most up-to-date information.

Then again, as Julie Schwietert examined the other day: who does Cash For Clunkers really benefit?

Feature Photo: Threaded Thoughts


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About the Author

Juliane Huang

Juliane Huang currently writes for Matador from the beautiful city of San Francisco. With a laptop in one arm and a travel bag in the other, Juliane is rarely at home, though always online. Catch up with her on her blog.

5 Comments... join the discussion!

  • Photographer, Amanda replied on August 24, 2009

    Yes ……. I need a NEW CAR. I need an asset that depreciates faster than ANYTHING ELSE I could buy. That will help me travel more. I think I’ll go buy one today.

    * Since sarcasm can be hard to detect online ….. that’s not making fun of the author ………. I just the program is really really stupid.

    ~Amanda

    (Report comment)

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  • Photographer, Amanda replied on August 24, 2009

    You’d think the government would come up with something to help people make good spending choices …….. but no ….of course not.

    (Report comment)

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  • Sarah replied on August 24, 2009

    Well, for what it’s worth, it’s nice to see a bunch of gas-guzzlers get taken off the streets.

    (Report comment)

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    • Sarah replied to Sarah on August 24, 2009

      (To be replaced by sparklier, newer, slightly less guzzling gas-guzzlers.)

      (Report comment)

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  • Photographer, Amanda replied on August 24, 2009

    ^ Well duh ……. that’s so true! I was thinking just about the money involved to purchase new.

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