Friday, July 24, 2009

When is a clunker a clunker?

Today is the day. Today is the deadline the government had to list cars on their website. I hoped that the wagon (versus the sedan) would qualify as a clunker, but it does not. According to the website, my car gets 19 MPG and does not meet the 18 MPG eligibility threshold.

This puts a dent in my plan to get a new car. I factored in my math a $3,500 rebate. The
KBB value for my car is only $2,000. Bids are coming in from various dealers, so we’ll see who has the best deal. The three numbers I have are all in the $19,500 range, minus taxes, tag, title and dealer fees.

Financing was surprisingly easy. My credit union quoted me 4.75% for 48 months beating my local bank's rate of 5.5%.

No comments: