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Old 08-19-2009, 09:22 AM   #21
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Originally Posted by Meadbh View Post
1. Toyota Corolla
2. Honda Civic
3. Ford Focus
4. Toyota Camry
5. Toyota Prius
6. Hyundai Elantra
7. Ford Escape (front-wheel-drive)
8. Honda Fit
9. Nissan Versa
10. Honda CR-V (four-wheel-drive)

Top 10 vehicles bought by people trading clunkers - The Globe and Mail
In other words, other than Ford, the program really benefits the Japanese and Korean car manufacturers.

May we live in peace and harmony and be free from all human sufferings.
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Old 08-20-2009, 10:02 PM   #22
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Quick follow-up....thanks to everyone's thoughts and feedback.

Despite the fact that we could have probably pulled another 1-3 years out of the existing clunker we decided to go ahead with option (c) and make the purchase. In the long term it's not that big of a difference compared to all the other savings we do and it seems like the right balance. The remaining 10 year old car will now have to last to at least another 4 years so we can keep our payments to one vehicle.

On a related note, I did find it harder to negotiate with various dealers than I thought it would be...inventories here are much drier than they were and several dealers were just starting to pull out of CFC. We still got the average of what other are paying according to Edmunds ($1700 under MSRP), though, and the gas savings each year should be great.

Now time to shop for an auto loan. Will see if we can beat PenFed's 3.99%. Fun fun....

Thx again!

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Old 08-20-2009, 10:35 PM   #23
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CFC is ending next Monday, and the dealer from which I got the best quote just pulled out, so I guess I will have to wait a couple of months for the inventory to fill up again and the dealers to get ready to deal.
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Old 08-21-2009, 12:14 PM   #24
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i would trade the car that has significantly less value than $4500. Otherwise it is only a breakeven at best. No compelling reason to act now. Dealer incentives will probably grow after the C4C program expires.

Get a second opinion on the $2k repairs from an independent.

For the fun of it...Keith
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