Wednesday, August 05, 2009

Cash for Clunkers

I just found out I can trade in a 1993 Toyota Camry, and the government will give me $4,500 towards the purchase of a fuel-efficient vehicle, like a...

2009 Ford F-250 Super Duty with a 5.4 liter V8 engine.

No, really.


CCB said...

I don't think that is correct. In order to qualify, the new car you buy must get at least 4mpg more than the clunker you trade in.

If the new car gets between 4 and 10mpg better, you get $3500 towards the purchase of that new car.

If the new car gets more than 10 mpg than your clunker, you get $4500 towards the purchase.

Your link indicates that the 1993 Toyota Camry gets no more than 18 mpg.

It looks like the 2009 Ford F-250 Super Duty with a 5.4 liter V8 engine only gets about 14 mpg.

--> Trading in the 1993 toyota camry for the 2009 Ford F250 would not qualify under the Cash for Clunkers program because it does not meet the mpg specifications.

Aggle said...

Okay, so I can't get the 250, but I can still get the 150, right?

But what if I tear a hole in the gas tank of the Camry, such that it only gets 3 or 4 miles to the gallon?


Aggle said...

I'm sorry. I'm just ticked about this one.

We gave billions to GM & Chrysler so they could stay afloat, and now we're (and by "we" I mean "we taxpayers") are giving them even more money so that somebody else can get a new car cheaper?

It's ridiculous, and stupid, and, well, stupid.

And it's also stupid.