[V8] Cash for Clunkers
jpburns3 at gmail.com
Fri Jul 24 08:44:38 PDT 2009
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
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
> 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
> 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
> cost solution or it was going to be cool to have one.
> Just my $0.02.
> -Scott P
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