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What? And risk having the government haul me off the porch for drinking beer? Don't give my wife any ideas. :mad:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Nah, he was talking about my Ford which gushes more oil than Jed Clampet's back yard. BTW, I dress like Jed Clampet when I go car shopping. It throws the salesman off and he goes for the mini without a fight.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Nope, because "fat cats" drives nice cars with V8, V10 and V12 engines and don't care about gas price.
Good luck getting the deal done.....
i am already taking cash for clunkers deals. vw has alredy given me programs. they are on board 100%.
“Cash for Clunkers” is like buying a new car without a trade-in. These are the easiest transactions you can have, that can be pre-negotiated over the phone or internet before you even go to the store. Once you have negotiated a price for the new car, just go to the store and tell them: “BTW, this is my clunker, so please deduct another $3500 or $4500 off.”
First, determine exactly the car that you want, down to every single option, and interior and exterior colors. Next, go to Yahoo Yellow pages and find every dealer that sells your brand that you will be willing to travel to. Go to those dealer web sites and “Request a Quote”. In the comments section tell them that you are looking for an “Out the Door” quote for the car. List all the options and color choses. The Out the Door price includes all the fee and taxes. That the price you should finance minus “cash for clunker”.
By the way, get pre-approved before you go to the dealer. This way you will know the maximum interest rate you should pay.
Here is a good summary of the requirements, and yes, the car being traded in MUST BE REGISTERED FOR AT LEAST ONE YEAR TO THE SAME PERSON BUYING THE NEW CAR.
http://www.usnews.com/articles/business/your-money/2009/07/02/making-sense-of-ca- sh-for-clunkers.html
You can't just go out and buy a clunker and trade it in.
Also, the dealers are worried that the money allocated will run out by August and dealers are being told that manufacturers will pull incentives and rebates during the time this program is in effect.
This is a lemon of a bill: :lemon:
None of the seven brands I sell have had that come down from our reps. In fact Volvo drastically increased their incentives for this month on several models. I am sure other brands will be increasing their incentives this month too but I sell more Volvos then anything else so I pay attention to their incentives more.
The program won't even start till the 23rd of July so how is the money going to run out by August?
I wouldn't want someone to be able to take advantage of the program by buying a clunker car a few months ago and then trading it in now. It is a good idea that they put the one year time limit on the bill.
True, but now people "have" $3500(4500) for "down-payment" and could buy a new car, drive it for couple months and ask for a new bailout because of "predatory lending" and other BS.
Why would it matter?
Oh really? So, most cars are sold at a loss?
Don't think so. Why would you post something like this? People tend to believe what they read in forums like this!
"Based on my experience"
Care to elaborate?
vw, mazda and bmw have all kept virtually the same amount of incentives for july vs june. i dont know where anyone gets the idea that the manufacturers will pull back on incentives. the manufacturers are thrilled with the bill as it will sell lots of new cars for them.
5 Clunkers X $4,500 = Free Fusion! :P
5 Clunkers X $4,500 = Free Fusion! :P
Nope. There is a limit of one clunker per person, again, owned and registered in that person's name for a minimum of one year immediately prior to trade in.
1 Clunker x $4,500 = 1/5th of one Fusion.
Really. I purchased an 09 CR-V EX-L AWD for $25,000 with $100 for junk fees and no accessories or trade-in less than two months ago. Edmunds invoice is $26,000. Factory marketing support was $500.
Care to elaborate?
Whenever I buy anything for myself or friends, it is always hundreds under TMV. That had been only Hondas and Toyotas, not exactly stale merchandise.
As a matter of fact, TMV price is so good that one Toyota salesman I dealt with had a printout from Edmunds describing TMV price posted on his desk. He used that to convince customers to pay that.
If what they really wanted was junking the old fleet they'd set it up that way - let me find 5 clunkers (you'd need a better definition for clunkers) and haul them in.
in reality it's just a thing to try and move people into showrooms. With any luck it will move some iron.
Sure some folks would bend the edges of the law to their advantage but folks are going to do that anyway.
If $3,500/$4,500 moves some iron, why not double the value of the vouchers and move even more iron. It would just increase the deficit some more, but what's an extra billion?
Mazda did eliminate the $500 incentive on the Mazda 5. Which is a vehicle that qualifies
for $4500.
My guess would be there are a lot of folks who figure your cash for my clunker = good; my cash for your clunker = bad.
I'm not particularly in the market for a car and none of mine would qualify anyway. Mostly I view this as a step up from just handing the automakers checks for nothing but not much of a step.
This voiced viewpoint is the typical negativism that's all too pervasive in certain portions of the populace. If the money runs out in August after only one month then the program will be a huge raging success, warranting an immediate extention of 3 to 6 to 9 months more. It will mean that the US buying public has jumped all over the program and it's working far better than expected.
It could very well be that certain makers begin to moderate their incentives in order to make more money...wow, whatta concept!!! But from current indications as noted by british-rover none are doing anything of the sort now.
Revisit this in Sept/Oct.
It does however give every intermediary in the production, distribution and sale of vehicles a bump of 5-10%. This is the smartest part of the bill. Simply giving the vehicle makers $4 Billion additional would not have accomplished much. However having truckers, handlers, stampers, cleanup, steel suppliers, tire makers and everyone else involved in the process see a 5-10% bump in business is worthwhile for the economy and the nation.
**The vehicle makers won't see any of this money directly unless the incentives immediately disappear. For example if a Malibu has $2000 Cash on the hood today but next month it has ZERO on the hood then GM does get an extra $2000 in revenue on those C4C sales. But the new GM also risks losing sales on the non-C4C sales if none of the other makers follow suit by eliminating the incentives on their midsizers.
I'm in the same situation, but this isn't why I think C4C is a bad program.
"I view this as a step up from just handing the automakers checks for nothing but not much of a step."
Just because there could be a worse plan doesn't mean C4C is good. I think chapter 11 or 7 would have been resulted in fewer detrimental effects in the long run. I hope I'm wrong. Time will tell.
I bought a new car at the end of June. Chrysler had $1-2K in dealer cash for my model.
This month, no dealer cash. Maybe Edmunds hasn't posted it yet or maybe Chrysler is cutting back. Time will tell.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
But how do you keep the fingerprints off the body when the little kid next door picks it up and makes it go Varoooom Varooom in the sandbox? :P
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I read on cars.com a list of cars they said were the only ones you could get with a clunker. Is this list correct?
I am confused I was thinking I could get almost anything and get the $3500.
The cars.com list is mostly IMO crap cars.
Your program certainly won't work on every car or in every store and people need to know this. Car dealers don't invest 20 million dollars into a store to lose money.
I don't want a colbalt so I guess I am a no go.
Nice bill, couldn't be enough to help the car companies had to go all Al Gore with it. Well screw them, I will keep driving my Nissan 4x4 with 200,000+ miles on it.
I'm mildly interested in an A4 with sport package, but up against the $45K, so I'd need to limit options, ditto on a BMW 3-series. Outside chance I buy a Mazda3 HB as a commuter vehicle....
This ain't going to be easy
Perhaps therein lies the root of so many concerns about this bill.
As for me, I will probably take the plunge and trade both my clunker truck and my merely tired '99 Civic for a single vehicle--the aforementioned Fit or Soul, most likely. I would've done it anyway, probably next year, but C4C does help me decide when to pull the trigger.
One catch, though: I may have been a day late renewing my tag last year--I don't remember, but it has happened a couple of times. How strictly do you think they'll interpret the phrase "continuously registered"? Seems to me the intent is to make sure the vehicles to be crushed were "in regular use," so maybe there will be an allowance for a lapse in registration no greater than, say, three days.
Ha! I don't think you have a choice.
I'm not sure why there are so many comments pertaining to this bill and who is worthy to receive he $3500-4500. The way it's constituted, it doesn't favor those that want an upscale car....thus my comment that it may not work for my family. We lease vehicles but also keep purchased cars for many years. I sold my 1993 Honda Accord with 220K miles on it last year...next up is the +180K' Nissan.
I actually really like the Fit and Soul, so go ahead and use my tax dollars, I deem you worthy I had an 06' Civic (similar in my mind to the Fit) that I gave to my father-in-law, nice commuter car, but I felt like I drove a toaster.
A friend of mine got a 2009 Honda Civic a few months ago. I think it's an EX-L or something like that? It has a sunroof, automatic, leather interior, etc...probably everything but Nav. He said it was $20K, out the door. Taxes and other associated crap would probably account for around $1200 of that I'm guessing, so that would put him at around $18,800.
Does that sound feasible, or is my friend probably blowing smoke? Sounds like a lot of car for the money, if that's what he paid for it.
6,000 lbs? I hope so, I want to get the $3,500 because I am checking out the (Outback, Rogue, Escape) some kind of SUV/Xover to replace this gas guzzler. Does anyone have any idea if I can do this?
A category 3 truck is a work truck and is rated between 8,500 and 10,000 pounds gross vehicle weight. This category includes very large pickup trucks (those with cargo beds 72 inches or more in length) and very large cargo vans.
In addition, work trucks may only be traded in for the purchase of a category 2 truck or another category 3 truck that is of similar size or smaller than the traded-in vehicle. Finally, the Act provides only for a $3,500 credit for trading in a work truck.
My guess is you will need to trade it on a large SUV or 1/2 ton or larger PU truck or van. Is your Excursion really trashed? I cannot imagine not being able to sell it for $3500.
It did make sense for that store. The vehicle I bought had been sitting on their lot for six months and it had only 7 miles on it. The demand is so low, no one even test driven it in six months. They had two other CR-Vs just like it. If they haven’t sold it to me at a loss, they would have been paying flooring on it for another six months, and still take a loss. Remember, market determines the value of a car. When demand is this low, they have to drop the price low enough to sell it. This wasn’t the only store that gave me a quote where they would be loosing money.
Your program certainly won't work on every car or in every store and people need to know this.
That is a true statement. That is why I advised the other poster to get as many quotes as he possibly can. Someone will be desperate enough to sell at a “loss”.
That is a fair statement. When I decided to buy a 2007 Sequoia in October 2007 I got bids from near MSRP to $5000 under Invoice. Guess which one I bought. My limited 4X4 is tagged 09/06 on the door. That means the dealer had been sitting on a $51k vehicle for about a year. When I was willing to pay $41k that was better than having an 07 on the lot with the 2008 models coming in. Auto trader has 3 vehicles identical to mine listed at over $50k with more miles than mine has. I walk on any dealer that wants over invoice for a new vehicle.
I'm only throwing this out there as I have read that many manufacturers have quota $$$$ if said quota is met?????