Quote Originally Posted by HURRICANEBOB View Post
I'm kicking it around. What if I went to the junk yard and bought a $400 car that just barely moves, and as soon as paid for drive it right to the trade in dealer? That sounds to me like a 1000% return on investment the same day.

Wife tried to trade me in......over 10 years.....get way less that 10 mpg, but the dealer said the roller skates she had me wear did not qualify me as a wheeled vehicle. I about passed out when she attached my license plate.
The traded car had to have been registered and insured the full year before.

* Your vehicle must be less than 25 years old on the trade-in date
* Only purchase or lease of new vehicles qualify
* Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements)
* Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in
* You don't need a voucher, dealers will apply a credit at purchase
* Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.
* The program requires the scrapping of your eligible trade-in vehicle, and that the dealer disclose to you an estimate of the scrap value of your trade-in. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate.