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401k and Personal Finance video

Is cash for clunker a windfall for consumers?

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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 a FAQ.