Cash for Clunker signs or ones just like them are popping up all over now. A few folks I’ve met seem to have taken to it and report back that it does indeed work as advertised. We’ve even heard of folks trading in their work truck for a new, vastly more efficient work truck and being delighted they can afford it now.
We’re curious as to how many working folks are doing this. It does seem like a good deal, and trading in a rather thirsty old truck for a newer truck that gets over 20 mpg, is safer, and has more power doesn’t sound like a huge downside to us.
You do wind up picking up a new car note and insurance will go up as well due to the minty freshness of your purchase, but if you were thinking about making a run at a new rig anyway it doesn’t seem that bad.
What do you think? Is this a good way to go, or just another way to plug a leaky dam with chewing gum? Let us know in comments.
Car Allowance Rebate System [cars.gov]