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Originally Posted by JJP
Guess what vehicles are still eligible to be bought in this program? Yukons, Hummers and Suburbans. So much for less gas being used.
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These are the models you can trade in. They are maily trucks n' SUVs from the 90's. Some medium to large cars also.
http://www.edmunds.com/cash-for-clun...-vehicles.html
In all situations involved, there WILL be gas saved. You can't trade a light truck (or a car) in to buy a Hummer. You would have to trade something in that's even worse than a Hummer. It can't cost more than 45k. You must upgrade your mpg, and/or efficiency(cleaner.) Don't you think people trading in a heavy SUV are going to be more interested in saving $4500 on a 20k car than on a 44k truck? Remember that the value of what your trading in is gunna be more likely to be worth less if it's smaller than the types you mentioned. Think about what you're saying. O.K.? If you have some massive SUV from the 90's, you can save 20-25% off the price of a car, or 10% off of the price of another big gas guzzler(one that's not quite as wasteful as the one you're trading in.) All the incentive is aimed at trading in that big SUV for something with much better gas mileage. If you want to only save 10% on the price, then be my guest. You gunna rush to do that? If you do, it's still a small savings in gas. They are not gunna give you a $4500 discount if you don't improve the gas efficiency(if you only save slightly on the mpg, you'll also only save about 10% on the price of something big like that.)
New car has to cost less than 45k.
Min. Fuel Economy for New Vehicle Passenger Car =22 mpg ..to get $3500 voucher need 4 mpg Mileage improvement....for $4500 voucher need an improvement of 10 mpg
min. fuel economy for Light-Duty Truck (under 6k lbs)= 18 mpg..to get $3500 voucher need 2 mpg Mileage improvement....for $4500 voucher need an improvement of 5 mpg
min fuel economy for Large Light-Duty Trucks(6k - 8.5k lbs)= 15 mpg..to get $3500 voucher need 1 mpg Mileage improvement....for $4500 voucher need an improvement of 2 mpg
Commercial trucks(8.5k - 10k lbs)= n/a Trade-in must be at least pre-2002