Ever since college, I've been driving the same car: a 2000 Nissan XTerra. It's been a great car and, after more than 100,000 miles, it has a lot of memories: a ski trip to Lake Tahoe through a blizzard, driving down the I5 to Los Angeles, driving across the entire country and then back! However, over the last few years I started to feel guilty about the how much gas my car managed to guzzle. The official stats claimed 19 miles-per-gallon on the highway, but they must have been driving slower than I do because I never saw that sort of mileage. So, I was excited when the government approved the "Cash for Clunkers" program!
I talked it over with my wife, and we decided it was time to upgrade to a more environmentally friendly car. We looked around, and decided to get a Toyota Prius. After checking out the Cash for Clunkers website, I figured out that because the Prius is rated at 50 mpg, well more than 10 mpg more than the 16 mpg my XTerra currently rates, we were eligible for a $4,500 trade-in value through the program. That made the Prius not only a environmentally friendly choice, but an economically attractive one as well. We found a participating dealer nearby and headed over to trade in our clunker.
After a quick test drive and some effective negotiations, we struck a deal and bought the new car. As always, there was quite a bit of paperwork involved, including a few extra pages for the "Cash for Clunkers" program. (Then again, $4,500 is certainly worth a couple of pages of paperwork.) After signing on the dotted line, the car was ours.
Just today President Barack Obama signed a bill extending funding for this incredibly popular program, which burned through its $1 billion budget in just one week. It's not often you can get something you want, feel like you're doing something good for the planet, and get $4,500 for doing it. So consider trading in your clunker for a more fuel-efficient model this weekend!
Posted by Jeff Keltner, Business Development Manager