Friday, May 1, 2009

Cash for Clunkers

Now that Chrysler has filed for bankruptcy protection, Chrysler, Dodge and Jeep owners are waiting to see what happens to their vehicle resale value.  Especially those who may be looking to sell and buy something new.  The good news is that since Chrysler will remain in business with it's new relationship with Fiat, you won't have to worry about your warranty.  President Obama came out with some hard statements on the Hedge fund industry yesterday, in relationship to the Chrysler deal, but he did give some hope for prospective car buyers with the new Cash for Clunkers program.  What remains to be seen is, when will it become available, how much can I get for my "clunker", and what kind of "new" car to I have to buy to qualify?  A hybrid?  A speck?  Any other restrictions?  And how do I get my voucher?  Stay tuned...  Don't you love government assistance?

1 comment:

Scott Wheeler said...

Vehicles expected to meet the CARS Act fuel-efficiency requirements:

Chevrolet: Aveo, Cobalt, Colorado, Equinox, HHR, Malibu, Malibu Hybrid, Traverse
Chrysler: PT Cruiser, Sebring, Town & Country
Dodge: Avenger, Caliber, Caravan, Journey
Ford: Edge, Escape, Escape Hybrid, Flex, Focus, Fusion, Fusion Hybrid, Ranger, Taurus
Honda: Accord, Civic, CR-V, Element, Odyssey
Hyundai: Santa Fe, Sonata
Jeep: Compass, Patriot
Mazda: B-Series, Mazda 6, Tribute, Tribute Hybrid
Mercury: Milan
Mitsubishi: Eclipse, Galant, Outlander
Nissan: Altima, Quest, Sentra, Versa
Pontiac: G6, Solstice, Vibe
Saturn: Vue
Toyota: Avalon, Camry, Camry Hybrid, Corolla, Corolla Matrix, Highlander, RAV4, Tacoma, Venza
Volkswagen: Jetta