Not everyone buying a new car has an older car that qualifies.
AN was onto something. This should prop up the values of old junkers. I should rent a lot, buy a bunch of old junkers that don’t exceed $1500 in price. Start a business selling these old cars to individuals that are in the market for a new vehicle but don’t have a trade-in that qualifies. Sell them a vehicle for $2500.
Makes sense. A vehicle worth only $500 now has a potential value of $3500 for a certain individual. If I had a car worth $3500 that would not qualify for the trade-in voucher, why would I trade it in? I would go buy the $500 car, trade it in, get the $3500 voucher, and sell my other car.
Who determines the mpg of the vehicles? Is the definition of mpg the same for the old junker as that of the new vehicle?
As far as I understand, the way this law is written, your old clunker must be rated below 18 mpg combined (city+highway) to qualify. Chevy Nova and Mercedes C240 do not qualify.
If passed, this law will result in a massive flow of old beat-up cars across the border.
As far as I understand, the way this law is written, your old clunker must be rated below 18 mpg combined (city+highway) to qualify. Chevy Nova and Mercedes C240 do not qualify.
If passed, this law will result in a massive flow of old beat-up cars across the border.
As far as I understand, the way this law is written, your old clunker must be rated below 18 mpg combined (city+highway) to qualify. Chevy Nova and Mercedes C240 do not qualify.
If passed, this law will result in a massive flow of old beat-up cars across the border.
As far as I understand, the way this law is written, your old clunker must be rated below 18 mpg combined (city+highway) to qualify. Chevy Nova and Mercedes C240 do not qualify.
If passed, this law will result in a massive flow of old beat-up cars across the border.
As far as I understand, the way this law is written, your old clunker must be rated below 18 mpg combined (city+highway) to qualify. Chevy Nova and Mercedes C240 do not qualify.
If passed, this law will result in a massive flow of old beat-up cars across the border.
