Tuesday, July 28, 2009

New Car?

Looked into trading my old truck in under the new "Cash for Clunkers" program. Too bad I bought a fuel efficient truck when I purchased in 1994. Even now, it's not eligible. As I looked at the program, it stikes me that this is mostly a subsidy to help out car dealers and move old inventory. Since the program requires the car be scrapped, it makes no sense to trade a vehicle with a trade value of more than the allowance. Thus, this is a bit like the "Push, Pull, or Drive" promotions that car dealers run sometimes. It's just funded by the government instead of by dealers looking to move cars. These are strange times.