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I Traded My Clunker For $3500/$4500, and Bought A...
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congrats on your new Sonata. there are people at work that replacing their previous hyundai's with new ones (before C4C for the new ones).
I know that the sales tax can be deducted from my income tax, but what is is the $2350 tax credit you refer to?
Thanks.
You can try to educate people as I have about this silly "Buy American" hypocrisy, however there are many that choose to remain ignorant for some reason. I think the main reason is delusion
-Alain Changer
I am curious how many people are trading in their main car to replace it with a more fuel efficient model, and how many are just trading in their extra vehicle, that really wasn't used much anyway.
Many hybrid vehicles qualify for a tax credit. The tax credit gets phased out once 60,000 of the vehicles are sold. For example, the Prius no longer qualifies for this credit. However, many hybrids do qualify, including the Nissan Altima. See the link below for more information.
Federal New Energy Tax Credit
Even Edmonds site says "Has been registered in your name and insured consistent with state law continuously for at least one year, immediately prior to the trade-in date" The state of Missouri considers me registered for the full year! And there is no one to help me - a stay at home mom, with school about to start!
If Missouri considers that you have been the continuously registered owner for a year, you should try to get a statement from them to that effect and provide that to CARS. Someone in your local congressional delegation may be able to grease the process for you.
Good luck! (and seatbelts can be replaced - the Mazda dealer should do this for you since they told you daughter to cut it and it's a safety issue).
MSRP $ 18650
Honda rebate+dealer discount $ 1850
CARS rebate $ 4500
Net cost before tax, title, doc. fee $ 12300
I signed the papers and got the loan on AUG. 4th but still dont have my new car yet!
as far as the warranty goes, you have a while to buy it, so i would put it off.
try fordwarrantys.com or another similar site to see how much the extended warranty costs.
As for the political point I consider the $3500 as a tax rebate for all the taxes I have been paying for years.
PS. The Hybrid is for saving gas not because of the global warming scam.
18,665 msrp
-3000 discount
-4500 uncle sam
-50 ( 1/2 of $100 scrap metal for 95 isuzu rodeo w/220K 3.2L 4wd) (will mail2me)
$11115
out the door in 3% NC + fees
12,089
first time buyer w/hyundai credit 5.39% for 60mos.
230.62/mo
edmunds tmv says $16,294
truecar.com says avg paid 15,459 (good)
i got 15665
here's where i got my spankin.
18665 msrp
17665 (1000 discount)
-4500 (uncle sams downpayment)
13165 subtotal
394.95 nc 3% tax
50 title
55 license fee
425 doc fee (profit)
14089.95 sub-total again
-2000 hyundai rebate (good till 8/31)
12089.95 final total (we really do love democrats )
U.S. Transportation Secretary Ray LaHood said today the expiration day was determined by using conservative sales estimates, to ensure that there is enough incentive money left in the pot to cover what's expected to be brisk sales this final weekend.
"This program has been a lifeline to the automobile industry, jump-starting a major sector of the economy and putting people back to work," LaHood said.
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"At the same time, we've been able to take old, polluting cars off the road and help consumers purchase fuel efficient vehicles."
As of today, the Car Allowance Rebate System, as the program is officially known, has resulted in 457,476 vehicle deals worth $1.91 billion in rebates."
'Clunkers' program ends Monday night (Detroit News)
The Hyundai loan at 5.39% is good. I would consider paying ahead on it unless you can get better than 5.39% on your money. An extra $50/month will get you paid off in 48 months.
Good Luck!
how late were you in renewing you tags? Days or months?
Having said that, the only warranty I ever bought paid off nicely on a 1985 Tempo-- truly horrible car in which everything broke once-- Ford at that time had a lifetime warranty on repairs. I'm sure the new Focus is much much more reliable and the warrranty will be money mostly wasted.
I think I finally got one over on the Man (even though I'm sure he'll stick it to me somewhere else several times over).
Oh yeah, almost forgot, the chevy had over 250,000 miles on it. and almost no paint left. I had it listed on craigslist for a month and the highest offer I got was $600 (which is what I paid for it last June). Not to mention that the master cylinder just went out and three of the four tires were almost completely dryrotted. It was just a truck I used to get mulch and other crap back and forth from Home Depot and Lowes. I probably put all of about 400 miles on it since I bought it.
It sickened me though when I was shooting the small talk with the sales associate and he told me a story about a trade-in earlier in the week. He said an elderly female had a '96 Isuzu Trooper with only 32K miles and she told him that it ran okay, but it kept shutting off on her. She wanted a new one because she was scared it would cost toom much to repair. The guy told me after she dropped close to $16K on a new Hyundai they took her Trooper in and found the only thing wrong with it was the battery and cable needed to be replaced. The clerk said the car was pristine inside and out. Makes me wonder how many of those stories are out there.
CARS website states buyer also gets scrap price minus $50 for the dealer. Did anyone get this? Not me. When I mentioned this the dealer said $50 was all they got. Seems fishy but whatya gonna Do?
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
The reason I'm interested is that one of my old cars is the same generation 325 as the one that was clunked.
There is more then that that is just the last post in Carguys profile on the subject.
I did my research in late June and had all the paperwork prepared in advance. I made the deal the first weekend Cash for Clunkers was operating...before dealers had figured out that this program was like shooting fish in a barrel (and prices went up).
This car is saving me $100/month in gas...which covers more than half of the 4 year monthly payment of $179.