Though I have certainly been tempted by the $4,500 that I would get for my 2000 Xterra, in balancing out the negatives of entering into such a deal (new car payments, higher insurance, etc.) I have come down on the "No, thanks..." side of the ledger as this writer has. A well written article, using the authors '00 Frontier as an example, on how the "Cash For Clunkers" deal now in effect is a poor proposition for most reasonable, logical people. Of course if you are looking to increase your debt, decrease your cash flow and end up worse off than you were before--but with a shiny new vehicle--have at it...
Friday, July 3, 2009
Cash For Clunkers--Bad Idea...
Though I have certainly been tempted by the $4,500 that I would get for my 2000 Xterra, in balancing out the negatives of entering into such a deal (new car payments, higher insurance, etc.) I have come down on the "No, thanks..." side of the ledger as this writer has. A well written article, using the authors '00 Frontier as an example, on how the "Cash For Clunkers" deal now in effect is a poor proposition for most reasonable, logical people. Of course if you are looking to increase your debt, decrease your cash flow and end up worse off than you were before--but with a shiny new vehicle--have at it...
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