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Best Cash For Clunkers Trade-ins

By Ross Edwards
Wednesday, Jun 17 2009 12:17

The House has passed the Cash for Clunkers legislation and the Senate should vote sometime this week or next, and owners of low gas mileage cars and trucks will soon be able to trade their gas guzzlers in for a higher mileage vehicle and get a guaranteed $3,500 for it.  To qualify, the trade-in needs to be rated at less than 18 mpg combined (you can check your vehicle's fuel economy rating at www.fueleconomy.gov ) and the new vehicle must get at least four mpg more than the trade-in.  Buyers who's new cars get more than 10 mpg better fuel economy than their trade in will receive $4,500.

Consumer Reports has compiled a list of the cars they think make sense as Cash for Clunkers trade-ins. All the cars on the list qualify as trade-ins based on their gas mileage, and are currently worth less than the $3,500 minimum paid by Cash for Clunkers.  The list is heavy on American made cars and trucks mostly because of the poor resale values U.S. vehicles made in the early 1990s have had.

One thing you should be aware of if you’re considering taking advantage of the Cash for Clunkers trade-in is that Congress cut the funding for the initiative down to $1 billion, from the originally planned $4 billion. If Cash for Clunkers is popular, you’ll have to act fast to take advantage of it before the funding runs out.

 
 
Make
Model

Older than model year

EPA combined mpg

Category
Cadillac
DeVille
1994
17
Car
Cadillac
Eldorado
1994
17
Car
Cadillac
Seville
1993
17
Car
Jaguar
XJ6
1996
18
Car
Lincoln
Continental
1999
18
Car
Lincoln
LS V8
2001
17
Car
Lincoln
Town Car
1996
18
Car
Mercury
Grand Marquis
1998
18
Car
Oldsmobile
Aurora
1998
18
Car
Pontiac
Firebird
1992
18
Car
Chevrolet
Astro
2000
16
Truck
Chevrolet
Blazer 2dr 4WD
1995
16
Truck
Chevrolet
Blazer 4dr 4WD
1999
16
Truck
Chevrolet
S10 4WD
1997
16
Truck
Chevrolet
Silverado 4WD
1998
16
Truck
Dodge
Dakota
2001
14
Truck
Dodge
Durango
1998
13
Truck
Dodge
Ram 4WD
1994
12
Truck
Dodge
Grand Caravan
2000
18
Truck
Ford
Aerostar
1996
17
Truck
Ford
F150 V8 4WD
1995
14
Truck
Ford
Expedition 4WD
2000
17
Truck
Ford
Explorer 4WD
1999
15
Truck
Ford
Windstar
2001
18
Truck
Isuzu
Rodeo 4WD
1996
15
Truck
Jeep
Grand Cherokee V8
1997
14
Truck
Jeep
Wrangler
1995
16
Truck
Kia
Sedona
2002
16
Truck
Mitsubishi
Montero Sport 4WD
2001
17
Truck
Nissan
Pathfinder
1998
15
Truck
Nissan
Quest
1999
18
Truck
Toyota
4Runner 4WD
1992
13
Truck
 

 

Table via Consumer Reports.

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Comments

7 comments on this story so far.

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Comment By: Robert Olzweski on Fri, Jun 19 2009 at 1:58 PM
I have a 1978 ford 4X4 pickup it still is running and gets around 10 miles per gallon. Would I qualify for the $4500
Comment By: Ross Edwards on Fri, Jun 19 2009 at 2:20 PM
Robert,
A provision in the bill says that the trade-in vehicle has to be built after the 1984 model year, the first year that the EPA began using the current gas mileage tests. The provision was put in largely due to auto enthusiast groups, who were worried that too many classic trucks like yours would be lost forever. I would suggest listing your truck for sale on a classic cars website or magazine to get the most possible for it.
Comment By: Tony on Tue, Jun 23 2009 at 4:28 PM
That sucks but makes sense.
Comment By: Yankee Boy on Tue, Jun 23 2009 at 4:29 PM
This law should help clean up a lot of front yards in Alabama, Mississippi, etc.
Comment By: maryanne on Tue, Jul 7 2009 at 5:44 PM
i have a 97 pontiac transport minivan would i qualify for this
Comment By: AutoLoanDaily.com on Wed, Jul 8 2009 at 4:30 PM
maryanne,
The model year will qualify. But it looks like the 1997 model year gets 19 MPG combined (EPA). This number has to be 18 or less to qualify. It's worth a shot though. Maybe your local dealer will accept it. But according to www.fueleconomy.gov, it will not qualify. I'd give it a try once the program starts. They may take it.
Comment By: Johnny on Fri, Jul 17 2009 at 9:26 PM
Don't get your hopes up. I have been negoiating with a couple of Dodge dealers. I called one today 7-17 to get my deal written and the truck held for me. Well the salesman tells me he's not sure that he can write it and Dodge is cancelling manufacturer rebates on 7-22 the day before cash for clunkers starts. Everybody said they would find a way to raise the price so the dealer/manufacturer would get the incentive not the consumer. Looks like they where right.

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