- Your vehicle must be less than 25 years old on the trade-in date CHECK!
- Only purchase or lease of new vehicles qualify CHECK!
- Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in CHECK!
- Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements) DENIED! I GET 23MPG!
Yep. back in 1999 when I bought my compact POS, it was the only car I could afford. Now everyone that could afford those big ol gas guzzlers gets big bucks back. Mine has 120K miles on it and is held together with duct tape, dirt, and rust. I suppose I could get another 20K miles out of the car and trade it in for a HUMMER. I could live in it then.
This giveaway program just kills me. How much energy does it take to make a new car? But does it apply to anyone who buys a recycled (i.e., "used") car? Heck, no. Buying a used car won't generate cash to shore up the bloated pensions of the Big 3. And the fact that it can reward people for buying trucks and SUVs is ludicrous. Worse, we stole this idea from the Germans.
ReplyDeleteMy husband and I have one car (he's semi-retired) and we buy used. Why accept $5K to buy a car that's going to depreciate by more than that in the first year?