Clunker trade in info

[wombat]

Quote:
Probably.

http://www.jeep.com/hostc/bmo/models.do?modelYearCode=CUJ200903&zipCode=

 

[acdoc]

Msrp

 

[wombat]

Close enough. I can go build the same one I priced before on my dealer's web site if it will cheer you up.

 

[Tala]

All of our cars are paid off and we've never carried a car note, but we don't have any extra savings to buy a new car at this time.

I figured I did NOT want to trade a one time payment for several years of a car note.

Easy decision for me.

Plus, I like my truck just fine and I do the majority of the work on it with U-PUll-It parts so.....it's not costing a lot to keep it going.

 

[acdoc]

The point isnt how much you will be saving it is the extra taxes you will be paying .. And i guess next the govt will be investing in some repo companies so they can make some money off of them also. If you cant afford to drive a vehicle that gets ten miles to the gallon and is paid for, how can you afford to drive one that gets 20 mpg, plus car payment,insurance,title tags, taxes. Im not saying this is your case but the majority it is. I know some people made out good on it,but if you think they didnt jack up their prices you have lost your mind

 

[wombat]

My theory is that if I were running a down-on-it's luck auto manufacturer, and I knew tens of thousands of customers would be out there looking to buy a car from either me, Ford, Honda, Toyota, etc ... I would lower prices and advertise like crazy. I would not raise prices, and I don't think manufacturers did. Most of the dealers in my area were advertising thousands of $$ in incentives, and Chrysler was matching the clunkers cash and then some.

I'd have come out ahead.

 

[Iowa Roo Mom]

Quote:
I disagree- I think in my case the point here IS how much I will be saving... Let me explain.

You seem to like math, so here's a simple equation...
(Rounding to the nearest whole number- to keep things simple, and assuming gas prices remain a constant $2.40 per gallon, which is not realistic, but for the sake of statistics)
100 miles a day x 5 days a week= 500 miles
500(miles)/14(MPG)= 36 gallons per week
36 x $2.40 per gallon= $86.40 in gas money PER WEEK with the truck...

Now lets take that same equation and use it to figure out just how much I'm spending on gas money per week with my new car. We've already established that I am driving 500 miles a week, so...
500(miles)/35(MPG)= 14 gallons per week
14 x $2.40= $33.60 in gas money PER WEEK with the new car...
Now, let's take $86.40 - $33.60 to see what I'm saving...
That comes out to a $52.80 PER WEEK in gas money...

Now- my college attends class 32 weeks for one scholastic year, and I am working on a four year degree... so approximately 128 weeks total. So let's take 128 (weeks total) x $52.80 (money saved per week on gas with this new car) This comes out to be a total savings of $6,758.40 for my entire four year degree.

But what about the difference in insurance, you say? Well, it's about $155 dollars for 6 months. So, take $155 x 2 and you have $310 difference in insurance for a year. That comes out to $1240 more for my entire 4 four years at this institution WITH my new car.

And what about the difference in title tags? It's about $225 per year. So take $225 x 4 and you still only have $900 more for my four years WITH my new car.

So now we'll take the total savings of $6,758.40 from gas, and subtract $1240 for the increase in insurance, and also subtract $900 for the increase in taxes, and I still come out $4,618.40 ahead of the game as to what I would be paying in expenses with the old truck.



Lets look again at your statement above....

If you cant afford to drive a vehicle that gets ten miles to the gallon and is paid for, how can you afford to drive one that gets 20 mpg, plus car payment,insurance,title tags, taxes.


In my situation, if you take the car payment out of the equation, because I bought it outright, and I'd say it is very easy to afford.

 

[acdoc]

you forgot to add in how much you paid for your car. you forgot to add in the taxes you will be paying.

 

[acdoc]

And maybe work is booming there in iowa and it is smart to buy new car now,but here in virginia it is slow.

 

[rufus]

I read that a lot of the cars turned in on the German "cash for clunkers" program ended up on used car lots in Turkey.

I am sorry, but in my opinion everything the government does supposedly for the people has nasty strings attached.

Never trust the government.

Rufus