Saturday, June 20, 2009

"cash for clunkers"

A new government program to promote fraud:

http://online.wsj.com/article/SB124545300084032817.html?mod=googlenews_wsj

  • Owners of vehicles that get less than 18 miles per gallon will receive a voucher worth up to $4,500 if they scrap their car and buy a new, higher-mileage one. The program is modeled on similar efforts that have boosted sales in Europe and is aimed at raising the overall efficiency of the nation's vehicles.

My advice is to purchase a $500.00 used pickup truck and then trade it in on a new car and collect the $4,500.00 voucher.

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