Is cash for clunker a windfall for consumers?

Reading Time: < 1 minute Not really. Some issues: eligibility, trade-in value of your old clunker (maybe more than $3,500 or $4,500), also your clunker may worth more than its face value (consider the insurance cost and property tax of a new car). MyMoneyBlog has did some analysis on his/her own (used) vehicles; and Edmunds.com has a comprehensive article including… Continue reading Is cash for clunker a windfall for consumers?