Cash for Clunkers Success

[herkhorse]

Originally Posted by Danzig

but it's not just clunkers going off the road. i could trade in my four year old car and get a rebate if i found something that got better mileage. as for saving money....my husbands f-250 is paid for, is only five years old with about 55k miles on it-we don't use it much. so, if i got rid of it, and bought a car that cost me 20k but got ten more miles to the gallon--just how many gallons of gas would i have to buy over how many years to pay back the $20k i spent to get a more fuel efficient ride? depending on what you're trading in, maybe it'll be cost effective. but more often than not, it won't be. but it puts sales on the car co's books, so they can pay off a better dividend to their shareholders at the end of the next quarter.

and i won't be getting rid of the truck, it pulls our bass boat when we go fishing.

If your car or truck is worth more than 4500.00, it makes no sense to trade it in for cash for clunkers because that is all you get.