Cash-For-Clunkers Update: Consumer Reports Guide For Buyers & Motorcycles to be added to the legislation
(Source: Autoblog & Consumer Reports)
With Congress on the verge of passing some kind of ‘cash-for-clunkers’ legislation, it’s time to take a look at what cars are worth trading in for the scrappage credit and what models would be better to sell by other means. To help the average Joe Sixpack on the street, Consumer Reports has compiled a list that outlines the Make, model EPA combined mpg rating, etc. The used cars listed are the newest vehicles likely to be available for less than $3,500, the minimum voucher value. For this to be worthwhile to the consumer, the vehicle’s trade-in value would need to be less than the voucher. Older versions of these vehicles are likely to be worth less, making the vouchers even more appealing. Many of the models have mechanical twins sold by another brand that may qualify, but we have not listed them here. The CR staff has examined the prices and concluded that pre-1993-94 Cadillac DeVilles, Eldorados and Sevilles are all solid candidates.
Make | Model | Older than model year | EPA combined mpg | Category |
Cadillac | DeVille | 1994 | 17 | Car |
Cadillac | Eldorado | 1994 | 17 | Car |
Cadillac | Seville | 1993 | 17 | Car |
Jaguar | XJ6 | 1996 | 18 | Car |
Lincoln | Continental | 1999 | 18 | Car |
Lincoln | LS V8 | 2001 | 17 | Car |
Lincoln | Town Car | 1996 | 18 | Car |
Mercury | Grand Marquis | 1998 | 18 | Car |
Oldsmobile | Aurora | 1998 | 18 | Car |
Pontiac | Firebird | 1992 | 18 | Car |
Chevrolet | Astro | 2000 | 16 | Truck |
Chevrolet | Blazer 2dr 4WD | 1995 | 16 | Truck |
Chevrolet | Blazer 4dr 4WD | 1999 | 16 | Truck |
Chevrolet | S10 4WD | 1997 | 16 | Truck |
Chevrolet | Silverado 4WD | 1998 | 16 | Truck |
Dodge | Dakota | 2001 | 14 | Truck |
Dodge | Durango | 1998 | 13 | Truck |
Dodge | Ram 4WD | 1994 | 12 | Truck |
Dodge | Grand Caravan | 2000 | 18 | Truck |
Ford | Aerostar | 1996 | 17 | Truck |
Ford | F150 V8 4WD | 1995 | 14 | Truck |
Ford | Expedition 4WD | 2000 | 17 | Truck |
Ford | Explorer 4WD | 1999 | 15 | Truck |
Ford | Windstar | 2001 | 18 | Truck |
Isuzu | Rodeo 4WD | 1996 | 15 | Truck |
Jeep | Grand Cherokee V8 | 1997 | 14 | Truck |
Jeep | Wrangler | 1995 | 16 | Truck |
Kia | Sedona | 2002 | 16 | Truck |
Mitsubishi | Montero Sport 4WD | 2001 | 17 | Truck |
Nissan | Pathfinder | 1998 | 15 | Truck |
Nissan | Quest | 1999 | 18 | Truck |
Toyota | 4Runner 4WD | 1992 | 13 | Truck |
Click here to read the entire article. In a related news, US Senator Robert P. Casey Jr. (D-PA) has introduced legislation into the Senate that would add motorcycles to the controversial Cash for Clunkers program that was recently passed by both the US House and Senate, though with significantly reduced funding of $1 billion. If passed, the new amended bill would offer a $2,500 rebate for the purchase of a new motorcycle when an older trade-in is scrapped. FYI, Pennsylvania is the home for Harley Davidson, the renowned American motorcycle maker.
This really lays it out for consumers. This is fantastic. It should certainly be helpful when deciding whether to opt-in to the more fuel efficient cars of today.
Glad you found this helpful. Spread the word to folks you know so that everyone stay informed when they decide to buy a new vehicle.
Will one be able to trade in a car for a motorcycle or only motorcycle for motorcycle?
Where can this info be found?
Looks like you can trade in your car for a motorcycle (if it gets the Senate nod). Senator Bob Casey (D-PA) today introduced legislation (S. 1248) to expand on existing “Cash for Clunkers” proposals by providing vouchers to people who trade in older, less fuel-efficient vehicles for a fuel-efficient motorcycle. According to my research, Sen. Casey’s (D-PA) Green Transportation Efficiency Act of 2009 (GreenTea) would provide vouchers to encourage consumers to trade in their older, less fuel-efficient vehicles for new, more fuel-efficient cars, trucks and motorcycles. Participants would receive a $2,500 voucher for the purchase of a new motorcycle. The vouchers for new cars and trucks would be a maximum of $4,500. The amount of the trade-in voucher will be based on the increase in fuel efficiency of the new car or truck compared to the fuel efficiency of the trade-in vehicle. The greater the increase in fuel efficiency, the higher the amount of the voucher.
Check it out here: http://casey.senate.gov/newsroom/press/release/?id=0EE4DCC4-7CCB-4403-BC5D-4BF40EA308F0
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Can you trade-in a car for an electric bike or 3 wheel vehicle?