Comments on: Is Your Car Eligible for the Cash For Clunkers Program? http://cashmoneylife.com/2009/07/30/cash-for-clunkers-program-vehicle-eligibility/ Money Management, Small Business, Career Mon, 22 Mar 2010 01:21:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan http://cashmoneylife.com/2009/07/30/cash-for-clunkers-program-vehicle-eligibility/comment-page-1/#comment-19348 Ryan Sun, 16 Aug 2009 20:09:20 +0000 http://cashmoneylife.com/?p=1740#comment-19348 I'm not sure, George. I think it needs to be continuously registered, but I don't think there is a smog requirement. the only requirement I am aware of is "drivable condition." I’m not sure, George. I think it needs to be continuously registered, but I don’t think there is a smog requirement. the only requirement I am aware of is “drivable condition.”

]]> By: George Saad http://cashmoneylife.com/2009/07/30/cash-for-clunkers-program-vehicle-eligibility/comment-page-1/#comment-19342 George Saad Sun, 16 Aug 2009 13:42:26 +0000 http://cashmoneylife.com/?p=1740#comment-19342 My old suv which is eligible for cash for clunker, is registered in my name for the last five year, but now the registration was expired 2 months ago, and need SMOG,. Do I need to renew the registration and SMOG it? It seems to be a waist of money since the car is going to be crushed. My old suv which is eligible for cash for clunker, is registered in my name for the last five year, but now the registration was expired 2 months ago, and need SMOG,. Do I need to renew the registration and SMOG it? It seems to be a waist of money since the car is going to be crushed.

]]> By: Kirk Kinder http://cashmoneylife.com/2009/07/30/cash-for-clunkers-program-vehicle-eligibility/comment-page-1/#comment-19146 Kirk Kinder Fri, 31 Jul 2009 03:06:52 +0000 http://cashmoneylife.com/?p=1740#comment-19146 Apparently, the program is already being suspended. I guess lots of folks were taking advantage of the government program. This is good news for the auto dealers...short term. Sales will probably drop once the program is done. I saw a piece on NBC News where the dealers were saying that most folks using the program were not in the car market. This is not good. People who probably can't afford a new car will now find themselves with a hefty payment because they wanted to get the $4,500. One customer that was interviewed said he looked at the $4,500 as a downpayment, which means he is probably buying a pricey car. This program is great for those of us, I am included, that drive a clunker. However, it should only be used if you were already looking to buy or were within a year of buying. Otherwise, you may be taking on debt that you cannot afford, especially since most people driving clunkers cannot afford large car payments. That is why they are driving a clunker. Apparently, the program is already being suspended. I guess lots of folks were taking advantage of the government program. This is good news for the auto dealers…short term. Sales will probably drop once the program is done.

I saw a piece on NBC News where the dealers were saying that most folks using the program were not in the car market. This is not good. People who probably can’t afford a new car will now find themselves with a hefty payment because they wanted to get the $4,500. One customer that was interviewed said he looked at the $4,500 as a downpayment, which means he is probably buying a pricey car.

This program is great for those of us, I am included, that drive a clunker. However, it should only be used if you were already looking to buy or were within a year of buying. Otherwise, you may be taking on debt that you cannot afford, especially since most people driving clunkers cannot afford large car payments. That is why they are driving a clunker.

]]> By: Brad Castro http://cashmoneylife.com/2009/07/30/cash-for-clunkers-program-vehicle-eligibility/comment-page-1/#comment-19141 Brad Castro Thu, 30 Jul 2009 17:27:26 +0000 http://cashmoneylife.com/?p=1740#comment-19141 Rats - I was hoping my 2006 Saturn Ion would qualify. The driver side back window won't roll down and the driver side front window won't roll up. Rats – I was hoping my 2006 Saturn Ion would qualify. The driver side back window won’t roll down and the driver side front window won’t roll up.

]]> By: Craig http://cashmoneylife.com/2009/07/30/cash-for-clunkers-program-vehicle-eligibility/comment-page-1/#comment-19137 Craig Thu, 30 Jul 2009 17:15:32 +0000 http://cashmoneylife.com/?p=1740#comment-19137 My car is not, it's over 18 mpg or else I would highly think about trading it in because it is very old. My car is not, it’s over 18 mpg or else I would highly think about trading it in because it is very old.

]]> By: RB @ RichBy30RetireBy40 http://cashmoneylife.com/2009/07/30/cash-for-clunkers-program-vehicle-eligibility/comment-page-1/#comment-19133 RB @ RichBy30RetireBy40 Thu, 30 Jul 2009 13:21:54 +0000 http://cashmoneylife.com/?p=1740#comment-19133 I was sooooo hoping my 9 year old Land Lover with 110,000 miles on it would be eligible for more money. Instead, it's just a $4,500 cap used to buy an expensive new car which I'm not down with. Instead, they should give us $4,500 + the value of our car to really get us to exchange out our clunkers! $4,500 + $6,000 for $10,500 is pretty good! If you are driving a clunker, are you really going to be able to afford a 20-40K car? I don't think so. Rgds, RB I was sooooo hoping my 9 year old Land Lover with 110,000 miles on it would be eligible for more money. Instead, it’s just a $4,500 cap used to buy an expensive new car which I’m not down with. Instead, they should give us $4,500 + the value of our car to really get us to exchange out our clunkers! $4,500 + $6,000 for $10,500 is pretty good!

If you are driving a clunker, are you really going to be able to afford a 20-40K car?

I don’t think so.

Rgds, RB

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