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Cash for Clunkers

On NPR, they were talking about the whole cash for clunkers doo-hickey wherein you can get 4,500 towards the purchase of a new vehicle if you give up your gas guzzling old vehicle.

The idea sounds nice.

Except the ONE John Q Public they interviewed mentioned he turned in his crappy car, got $4,500 to purchase the new Ford F150. For serious? There isn't one variation of the F150 that gets more than 20 mpg. City mileage is, on average, 14 mpg.

How is that helping?

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smeddley
Aug. 1st, 2009 05:35 pm (UTC)
I wonder if anyone's done a study on whether or not you really get a good deal on that, or if it's more like the '50% off going our of business' sales the furniture stores have. The ones where, miraculously, 50-75% off is only about 10-20% off the 'original' prices you saw a month ago (pre-going out of business sale).

I mean, I'm sure the dealers aren't going to wheel and deal as much with someone with the voucher as opposed to someone without one. Because if they just buy your car off you, they can re-sell it, so they're willing to come down more on the price of a new car because they know they'll be making money off of you in another way.

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