gislature accepted a Cash for Clunkers proposal that would give car buyers an enticement to sell their automobiles and get a new car. So, what exactly is this Cash for Clunkers measure and how will it influence you?
Well, if your car gets under 18 miles per gallon, at which time you go to sell your car, the state will give the dealership a ticket for $3,500 if the car you obtain has at least gas mileage of 22 mpg or higher, it becomes $4,500 if it is 28 mpg or higher. If you have a pickup truck, SUV, or minivan that gets 18 miles per gallon or less, you would get a voucher for $3,500 if the car you buy gets at least 2 miles per gallon superior than you existing vehicle and $4,500 if the vehicle you buy gets 5 miles per gallon more.
If you have any emotional fondness to your existing car, this may not be the deal for you. When you take your car in, it will not go to a loving home or shipped to live on a farm. The proposal is to ensure that these automobiles are taken off the roads, so your car will go to scrap and either shredded or crushed.
Clearly, if your trade in price is beyond $3,500 or $4,500 it wouldn?t make much sense for you to take part in this bill anyway simply for the reason that the dealership will not give you the trade in value for your car if they have to ship it off to be scrapped.
GM and Chrysler have in cooperation lobbied for this bill to be accepted and while it is another thing that the government has thrown $1 billion at, it is good in the long run for not only the car manufacturers, but also the environment. The only problem is that all the SUVs that were bought at the height of the trend have a higher trade in value than the $4,500 at this time offered. If you bought a Tahoe in 2004, I am positive that your trade in value is in excess of $4,500, so that car hasn?t been taken off the road.
I reflect that this bill is a step in the appropriate direction, but in my opinion, I think that people who drive environmentally UNfriendly automobiles should be taxed to make up for what the state has spent on this proposal.Concerned in learning more about sport utility vehicles then think stopping by Lucrative Investing.
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