How Cash for Clunkers Works

From this WSJ article (reg. required).

Never mind that it’s a backdoor bailout. Think of it as a bubble in new Dodge Durangos.

WSJ Cash for Clunkers

Cale Smith

About Cale Smith

Portfolio Manager at Islamorada Investment Management.
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2 Responses to How Cash for Clunkers Works

  1. John Fleming says:

    What are they using for milage (city, Hywy, avg)?

    • Cale Cale says:

      They use a combined city/highway fuel economy rate. Part of the program stipulated that that NHTSA post on the web a comprehensive list of vehicles that qualify. To find it, go to http://www.fueleconomy.gov/feg/sbs.htm and click on the model year of your vehicle, the make, and then the model. Under the words “ESTIMATED NEW EPA MPG” in the red banner, there is a red number with the word “COMBINED” under it. You can then enter the details re: of a new vehicle you may want to buy and see its combined MPG for comparison.

      More info here, too:

      http://www.cars.gov/faq