Cash for Clunkers Program:  Some Good Memories in that Clunker…

Yes, Clash for Clunkers had a good run and now, when the times demand that everyone be a bit more environmentally conscious, the Cash for Clunkers program has to bite the dust-or do whatever the equivalent is for an automobile.  This does not have to be as sad as it may appear to be at first.

Well, you don’t have to trade your clunker in to a participating dealership, but there are a number of benefits in doing so.  As many New Yorkers have come to know, the Cash for Clunkers bill permits one to trade in an older vehicle for either a $3,500 or $4,500 rebate toward a more fuel-efficient vehicle, provided that the ‘clunker’ got 18 miles per gallon or less.  The Cash for Clunkers program can go a long way to saving on gas and contribute further to the city’s already impressive level of energy efficiencyHigh residential density also seems to have a significant impact on fuel usage, which is something New York certainly possesses.  This means that the next time you are assumed to be some kind of environmentally indifferent urbanite you can proudly mention how your city does an exceptional job with its resources; and that the Cash for Clunkers program is yet another boon to an already green-oriented city.  Aren’t you even more proud to be a New Yorker?

Other Things about the Cash for Clunkers Bill

Alas, all is not quiet on the Cash for Clunkers program front.  The Department of Transportation, the key player of the Cash For Clunkers stimulus, is having difficulty handling the vast number of claims that have poured in since the program’s inception.  In a way we should all consider this to be a good thing:  people are willing to get greener with the right motivation.  But, on the less than bright side of things, Cash for Clunkers 2009 has interrupted some dealerships’ cash flow because of the period of time it takes for them to receive the rebate from the government.  Why does this matter for you, potential clunker trader?  The dealerships can wait a second, right?  Well, not quite.

No one, including Cash for Clunkers’ participating dealerships, likes a situation in which they might lose money, and therefore will do anything they can to decrease the probability of loss.  This is entirely reasonable from almost every financial perspective, but what this means for you is that you may sign a waiver or other agreement that holds you responsible if the claim for the clunker does not go through.  It sounds rough, and it is, but it is important to keep in mind the point of view of the dealerships when taking advantage of the Cash for Clunkers program.

With the Cash for Clunkers Stimulus Ending There Are Other Options

The Cash for Clunkers bill is ending on Monday but consider reviewing other routes of action to take before going off and sending your much adored gas guzzler to the junkyard.  There are a few terms and conditions (otherwise known as catches) that you have to keep in mind before you go to the dealership and ask about taking advantage of the Cash for Clunkers program.  Also, never overlook the possibility to sell your car for more than what is offered through the government rebates.  You might be surprised how much you could get if you consider looking beyond the Cash for Clunkers legislation.  There is no reason not to check out the price of your vehicle and compare it to the rebate.  At least you know that a $3,500 or $4,500 value waits in the background in the worst case scenario.

And When You’re Done with Getting Cash for Your Clunker…

Have any souvenirs, trinkets, or other items that just won’t fit or ‘work’ in your brand new, fuel-efficient vehicle?  Well, you know the Manhattan public storage units to go to.