actually that's exactly what i'm gonna do.  i have a 95 cadillac with
suspension
problems that would cost several thousand to fix.  i am unwilling to
sell it because
it is unsafe to drive.  my daily driver is a toyota echo.  i have an
offer of $4,000
for the toyota.  i will take the $4,000 and the $4,500 "clunker" money
for the
cadillac and buy a new hyundai for $12,500 (i already have the deal
made)
and get a fairly nice new car for $4,000.  it will be a major upgrade
to my old
toyota and will have a 100,000 warranty - on the car j.w. powers rated
as being
the highest quality compact.

On Jun 23, 2009, at 9:10 AM, Loren Busch wrote:

> RE: Cash for Clunkers
> Hmm, lets run through this.  If my daily driver is an '84 or later gas
> guzzler that is 'worth' less than $4,500 (or I'd sell it myself) I
> can go
> buy a new (must be new) Hyundai or Kia for around $12,000 and end up
> paying
> only $7,500? Damn, the Koreans are going to love that. BUT, if I had
> the
> cash or could afford the payments I probably wouldn't be driving a
> car worth
> less than the rebate in the first place.  But better hurry, the
> offer will
> be limited to a total payout of $1 billion dollars (chump change for
> this
> Congress) so first pigs to the trough get the goodies.

I remain, as always
YrLyl&ObdntSrvnt,

r