You can see our rust bucket Toyota truck (too old for the program) next to it that we have built 2 house using.
Here are the details of the program...
The best way to buy a car is through Costco, you pay the amount as if you were buying a fleet of cars. You go to a dealer who has a Costco manager on hand, he handles the deal. The deal Costco has with Toyota on this car was dealer pricing. Another words we got this car for what the dealer paid for it. Easy no haggle, show your Costco card and they show you the price.
More info here: http://www.costcoauto.com/ente...
The only drawback is you have to buy what is available you can't pre-order and wait for the car, so it is a matter of finding a car that already exist at a dealership that you can live with. We wanted a 5 speed, simple basic, in white, they had a red and a green/gray. We picked the red.
The new 2009 Yaris has side airbags added and we love Toyotas, look at the dang truck it is still running!!! Toyota deserves the money, because they have been willing to look into the needs of the future and design their cars accordingly, too bad the American designed cars are playing catch up and by the way bail me out because of my stupidity. Not to mention who was it that blamed unions for their failure?
We got the max..... $4,500 !!!
Now to cash for clunkers.....
Finally a way to help people (instead of banks) and the economy AND the environment!!
The program requires for you to have owned the car(clunker) at least a year with insurance on it.
This I love because it helps people who are responsible but can't afford a new car that gets better gas mileage. Helps to get the gas hogs off the road.
There was a cut off year so the car wasn't too old (another words old in close to death anyway).
Here are the rules it seems well thought out:
Cars and trucks must be 1984 models or newer to be eligible for a trade-in rebate. They must get 18 miles per gallon or less in combined highway/city rating - based on the "Estimated New EPA MPG" ratings available at http://www.fueleconomy.gov. The vehicle needs to be drivable, insured and licensed for at least a year - so forget about buying a clunker this summer for $500 and "flipping" it through the program. Violators face penalties if they submit false information.
For passenger cars, consumers can get $3,500 if the new vehicle gets at least 4 mpg more than the trade-in and $4,500 if the new vehicle gets at least 10 mpg more than the trade-in. For sport utility vehicles, pickup trucks or minivans, owners can get a $3,500 rebate if the new vehicle gets at least 2 mpg higher than the old vehicle. The rebate improves to $4,500 if the new vehicle gets at least 5 mpg higher than the trade-in. Large work trucks weighing at least 6,000 pounds can also qualify for rebates of $3,500 to $4,500.
This won't subsidize a new Ferrari. The new vehicle needs to meet the fuel-efficiency requirements and have a manufacturer's suggested retail price of less than $45,000. It can be a domestic or foreign model. Used car purchases are not allowed under the program.
You cannot get the clunker rebate plus the value of my trade-in.
When an old car or truck is worth more than $4,500. Should not use this program. The program essentially guarantees a minimum trade-in for a vehicle. So someone with an old beater valued at $1,000 that meets the mileage requirements stands to gain the most. Any prospective buyer with an old car worth more than $4,500 should probably trade it in for a new one. But many automakers and dealerships are offering additional incentives, so it's worth talking to your dealer.
The trade-in vehicle will be scrapped. Dealers are required to use a government-approved salvage facility for the vehicle disposal. Vehicles need to be shredded or crushed within six months.
To participate go to your local car dealer. Dealer registration for the program began last friday. Owners need to bring their vehicle, title, proof of registration and proof of insurance.
Dealers must use the rebate in addition to - instead of as a substitute for - other rebates and discounts available to consumers. Many automakers are combining internal incentives with the government rebates to lure customers to showrooms. For example, Chrysler is offering $4,500 in cash toward the purchase of a new vehicle. Dealers are also required to disclose the best estimate of the salvage value of each vehicle.
No incentive money changes hands. If a consumer qualifies for a government rebate, the amount of the rebate is deducted from the vehicle's sticker price and the dealer is later reimbursed by the National Highway Traffic Safety Administration.
Wisely some lawmakers, led by Sen. Dianne Feinstein, D-Calif., have said if Congress provides more funding, the program should require consumers to buy vehicles with higher fuel-efficiency than the current program's requirements.
More information:
Visit the government's CARS Web site http://www.cars.gov/ or call the government hot line at (866) CAR-7891. Auto companies and Web sites such as Edmunds.com http://www.edmunds.com/cash-fo... Kelley Blue Book http://www.kbb.com/kbb/cash-fo... and AutoTrader.com http://www.autotrader.com/cash... have compiled additional details and eligible vehicle lists for consumers.
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