Cash for Clunkers Question...

^ ahh good idea
You have to have owned the car for I believe 2 or 4 years to get that deal.

You have to have owned the car for I believe 2 or 4 years to get that deal.

that would make some sense but I can't find anything official in that regard

Cash For Clunkers Rules (http://www.cashforclunkersfacts.com/bill/cash-for-clunkers-rules)

You have to have owned the clunker for 1 year, and you have to drive it to the dealer, and the 4500 or 3500 is not taxable income to the consumer, but to the dealer.
Go Skins, this is the year !!!!!!!!!

Cash for Clunkers: Smart or Stupid? | LiveScience (http://www.livescience.com/environment/090724-cash-for-clunkers.html)

I have a question that somebody might be able to help me with. I pulled a real dumb stunt, and bought a car that someone else now drives, but I am obligated for. It is a 2001 SUV, and I would love to sell it and be done with it, but I am way upside down on the loan. Does anyone think I could use this as a way to get this over with? I am able to make the payments etc, I just want to get out from this other situation entirely. Also, could I trade in a 2nd car at the same time, although not for the cash for clunkers rebate, just to get rid of two older cars for one new one?

that would make some sense but I can't find anything official in that regard

Cash For Clunkers Rules (http://www.cashforclunkersfacts.com/bill/cash-for-clunkers-rules)

Thats because your looking at rules posted on a site trying to sell cars and they just want to get you in the door. LOL

The CARS Act establishes four criteria for an eligible trade-in vehicle. The tradein
vehicle must:
(1) be in drivable condition;
(2) have been continuously insured, in accordance with State law, and
registered in the same owner’s name for the one-year period immediately
prior to the trade-in;
(3) have been manufactured not earlier than 25 years before the date of tradein
9 and, in the case of a category 3 vehicle, also be from a model year not
later than model year 2001; and

Page 27http://www.cashforclunkersfacts.com/cash-for-clunkers-final-rule.pdf

Ah, bummer. Now what am I going to do with these six Buicks I just bought to trade in??? jk :D

Good info, FD, thanks.

Thats because your looking at rules posted on a site trying to sell cars and they just want to get you in the door. LOL

The CARS Act establishes four criteria for an eligible trade-in vehicle. The tradein
vehicle must:
(1) be in drivable condition;
(2) have been continuously insured, in accordance with State law, and
registered in the same owner’s name for the one-year period immediately
prior to the trade-in;
(3) have been manufactured not earlier than 25 years before the date of tradein
9 and, in the case of a category 3 vehicle, also be from a model year not
later than model year 2001; and

Page 27http://www.cashforclunkersfacts.com/cash-for-clunkers-final-rule.pdf

While we are talking about gas mileage lets have a little fun. What was the worse car you ever owned on MPG.

Mine 1980's Jimmy with full time 4x4 and a 454. It was hugh and could hold like ten people. I got around 7mpg going down hill. I paid $1,000 for the truck and just used it to go out in the woods 4 wheeling. If I got stuck it would take like 2 other trucks to get me out and I didn't care if I hit something. I never understood why guys would spend good money for a truck to just take the thing and run it through the mud.

1984 F-150 with a V8 and two gas tanks. It was all metal and was meant to be abused. We'd drive it around in the snow and ice, taking out stop signs, mailboxes, whatever else we could find. Just kept right on going. If it got 10 mpg, i'd be surprised.

I had a Lemans in the early 80's, I didn't care about gas mileage, cuz I was young and dumb, but if it got over 7mpg I would be amazed.