Tech Tip - July 2009
107 West 11th Street
Coffeyville, KS 67337
Phone: (800) 225-4813 (620) 251-4700
FAX: (620) 251-2215
Invest in YOUR "clunker" and save big cash!
There has been a LOT of talk in the news lately about the popular CARS (Car Allowance Rebate System), better known as the Cash for Clunkers program. Some folks love it, others aren't so sure it's a good idea. In this tech tip, we look at some of the pros and cons of the program and some things you might want to consider when deciding if it might be right for you.
First, you can visit this website to see if any vehicles you currently own would qualify: www.cars.gov There you will find much information including which vehicles qualify, a handy FAQ section and an overview of the program. You can even read the actual law and amendment recently added.
Some advantages of the program
There are several key benefits offered by the program. These include:
Some disadvantages of the program
There are several potential drawbacks to be considered.
So you don't own an eligible vehicle or just plain decided the CARS program isn't for you? Good news! There are alternatives.
Consider an average new car payment of $300 per month not including insurance. Over a year, that is $3,600 out of pocket. If you qualified for the $3,500 credit under the program, you used up all the savings in the first year alone.
Now consider if you decide to just keep your current vehicle. It's unlikely it will cost more than $300 per month to keep it running. A good auto parts store like Carters will run seasonal sales and promotions to help you save even more money on preventive maintenance and repairs.
Instead of blindly taking advantage of the government programs that come along, it is important to "run the numbers" and see what is actually best for you in your specific situation. Perhaps investing a little money in your own "clunker" is the best way to save lots of cash for you and your family!
Give us a call or stop by one of our convenient locations today. We're here to help!
Print me and take me to one of the 5 Carter Automotive locations in SE Kansas. Our friendly and knowledgeable counter staff will help you find the perfect parts for your application at the right price.