[V8] Cash for Clunkers

[J Burns]

I don't have the link to the site right now but there is a site I can  
go to to see if your car qualifies for the cash for clunkers program.   
The V8 certainly qualifies and when I looked it up it was ranked in  
the bottom category of least efficient vehicles.  The mpg is an  
average of city/highway, IIRC the V8 was pegged with a 15mpg average,  
maybe it was 14.  They had it as 18mpg highway cycle and 10 or 11 mpg  
city.

If mine had not been sitting in a barn fir the past 5 years I would be  
all over thos offer, especially since the wife is looking to replace  
her leased FX35 with a new crossover variant.  BMW is offering an  
additional $4500 on top of the gov 3500/4500 incentive on the X5  
diesel model plus a couple other rebates, effectively knocking $10000  
off retail without even having to ask for it.

Sent from my iPhone

On Jul 24, 2009, at 7:27 AM, "Scott Phillips" <Scottp at ippe.com> wrote:

> You know there are "rules" for getting the $4500 credit right?
>
> Namely this biggest one is that the car you have now has to get LESS
> than 18MPG d to even qualify, then presuming it does, the car you
> replace it with has to get a min of 5 MPG more. That said I'm fairly
> sure your 91 gets better than the combined 18 to qualify.
>
> And even then, you're talking about spending lets say 20K, just to  
> get a
> 4500 credit? That's 16,5 financed over 5yrs or about $250.00/mth;  
> not to
> mention that you have to have full coverage insurance on your pretty  
> new
> penny.. all to save 5MPG - This is a stimulus to get people back into
> buying BIG things. And as a afterthought to help lessen our dependency
> on oil.
>
> But I gotta tell you, you're NOT going to get anything near the  
> quality
> of your 91 for 20K. Remember these cars were 50K+, 20years ago. Even
> then - if you can dedicate a monthly $350 payment into maintaining the
> 91 - not only would it be pristine; but you'd almost never think of
> selling it.
>
> Of course I might be delusional, but I don't think so and many here I
> bet would agree.  I drive my V8's by choice, not because it was a  
> least
> cost solution or it was going to be cool to have one.
>
> Just my $0.02.
>
> -Scott P
>
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