[V8] Cash for Clunkers
J123fs at aol.com
J123fs at aol.com
Fri Jul 24 11:23:51 PDT 2009
All true - But, in fact the V8 is on the list of approved cars it's
official EPA ratings is 17 combined (18 is the cutoff) - and the tipping point
for me is that Chrysler will double the credit- ergo- 7000- 9000 dollars off
sticker.
Running an old car like the V8 to me is not about the milage issue to
rationalize replacement, but because I like it.
That said, the car is not getting any younger and the litany of things that
likely will need fixing in the future always grows (like the electrics)
unlike a new car that likely won't need too much for the first 100K. Lately I
really need the time for my kids and the race cars, not fixing my daily
transport.
Pondering hard in rainy Ma.
Jack
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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