Network News

X My Profile
View More Activity
About Small Change  |  RSS Feeds RSS Feed  |  On Twitter Ylan  Nancy  |  Email: Ylan  Nancy

Cash for Clunkers Part 2

Ylan Mui

Work with folks long enough, and your minds start to meld into one. My colleagues Kendra Marr and Michelle Singletary also wrote about the new federal cash for clunkers program for our Sunday Business section.

Kendra's story looks at how even some high-end vehicles might qualify as "clunkers" under the new legislation if they're old enough and get poor gas mileage.

Meanwhile, in her column this week, Michelle wonders whether the law is actually encouraging people to stay in a cycle of car debt. She points out that the credit does not apply to used cars, even though you can use it toward leasing a vehicle.

Please keep your comments coming! You have good points about the amount we would pay in interest being less than the amount of the credit. And we continue to sock away cash to try to increase our down payment.

Right now, we are leaning toward taking advantage of the credit. The program lasts through November but could end earlier if the money runs out. I e-mailed a few dealers for price quotes over the weekend to scope out the market. I must say that I'm really not impressed with the level of service so far.

By Ylan Mui  |  July 20, 2009; 12:04 PM ET
Categories:  Cheap & Green , Consumer News , Ylan Q. Mui  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Should We Cash In Our Clunker?
Next: Try on a Clothing Swap for Size

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company