Some Dealers Already Done With Cash for Clunkers

Xterraclunker I clunked my car last night.

Yes, my husband and I managed to buy a new car using the Cash for Clunkers program. I say “managed” because within 30 minutes of the news that Cash for Clunkers would end Monday night, one dealership we’d talked to earlier in the day decided to no longer honor the program.

Two out of the three dealerships we talked to Thursday night had already decided not to take any more clunkers after the program’s end was announced late that afternoon. The dealership we did end up buying from was planning on doing Cash for Clunker deals through Friday night, not Monday.

Here’s what I learned during my Cash for Clunkers deal:

Call the dealership: Make sure they’re still doing Cash for Clunkers deals and find out when they plan to stop. It could be earlier than the Monday end date.

Make sure your clunker qualifies: Just because you think it’s a clunker doesn’t mean it is. For more information on the program, see our Cash for Clunkers guide.

Get your paperwork in order: You’ll need your title, registration and proof of insurance for the past year.

Be prepared to wait: Our dealership had people walking in at 8 p.m. to trade in their clunker. Getting a car takes time, and Cash for Clunkers adds yet another layer of paperwork for the dealers. Be patient.

We traded in our 2000 Nissan Xterra, which got a combined 15 mpg, for a 2009 Nissan Versa, which gets 29 mpg combined. We received the $4,500 credit, a $1,250 incentive and negotiated the price down a little further. All told, we got a new car for less than $12,000.  

Editor's Note: We've received notices from other dealers saying they are not accepting any more deals after today and erroneously reporting they need the extra time to file paperwork. The government says it will accept paperwork for all deals until noon EST Tuesday.

By Jennifer Newman | August 21, 2009 | Comments (14)

Comments 

Good…, as they say, all good things come to an end. Actually, this could be considered a BAD thing b/c it’s CRAZY, we are giving people money to live more vicariously and lavishly than before all this economical bust took place? What are we doing? Spoiling every single last American? Let’s learn to live in moderation, then we wouldn’t have so much debt…Well, the fish sticks from the head..so the head is the While House…right?

JM

the dealers arent getting reimbursed at all, so some dealers are not accepting the cash for clunkers deal anymore.

i'd say "told you so," but its to serious right now considering that the same thing is going to happen with Socialized Healthcare.

Ziggy

$4,500 for a 2000 Xterra with C4C. Retail value of a 2000 Xterra is between $7,000 to $10,000 depending on mileage and if it's 2WD or 4WD. Probably would have been better to sell it privately than us C4C.

H

Good luck getting retail value for a 2000 Xterra with a rusty front bumper. They probably could have gotten more than $4500 but at the expense of having to wait and deal with the hassle of selling it yourself. C4C is instantaneous money, no waiting.

Jennifer

Ziggy,

My Xterra was an SE with 4x4. It had 111,000 miles on it, and it needed a new timing belt, water pump and spare tire. In fair condition, which it was not, KBB said it was worth $2,600. There's no way anyone would have paid $7,000-$10,000 for that car.

Derrick G

JM,

Could you please give me a link to the bill proposing socialized healthcare? I've yet to find it. Thanks for you help.

Ziggy

I did a search of 2000 Xterras in my area for sale and found 10 of them. The lowest priced one was 7,000 and it was a 2WD SE. Some were from dealers and some were private sellers. I guess if yours is a piece of crap then $4500 is a good deal. I wouldn't judge it though by just a rusted bumper.

JM

Derrick G-

do you live under a rock perhaps?

ThinkerDude

Renew, Reuse, Recycle...

Let's see, I go to www.autotrader.com and I look for an used 2000 Nissan Xterra and these are the results..

Range of prices within this search: 9 cars

Highest Price: $8,995

Lowest Price: $5,900

Average Price: $7,460

The mileages went from 79k to 127k.

A needy family could have used that car.

Derrick G:

so·cial·ize (ssh-lz)
v. so·cial·ized, so·cial·iz·ing, so·cial·iz·es
v.tr.
1. To place under government or group ownership or control.

By definition.

Franky D

wow... i've been aware of the scemantics and the BS that makes up 90% of blogging about anything... but i hasn't realised how far it had gotten.

Noone has provided anything that is relevent or even remotely pertains to the issue.

for instance... the trade in value should have been investigated before looking into the c4c on a new car. if your not getting the value you expect then sell it yourself. value of trade vs. value of sale is two different things anyway. A dealership won't give you resale value, there's no profit in it.

the Cash for Clunkers program is a two sided sword. on one side people who have no business looking for a loan are walking into the dealerships (moreso than they were before anyway), however, on the other side people who can actually manage their money right and are not going to be in a bad situation making payments are going to be in a great situation with an extra 3.5 to 4.5k in positive equity when they drive it off the lot.

the govornement wasn't ready to process the deal... but the reason it's being shut down is because IT'S A GENERALLY GOOD IDEA. if it makes sense it doesn't apply.

nuff said

Juan Carlos

you guys are forgetting that for some is worth not spending time and money in selling a car. also, the goal of the program is to get evil cars off the road so the polar ice caps won't melt.

Franky D

and your ignoring the fact that the united states is the only world entity who is doing anything about it. More importantly we don't know that we are the cause of the hole in the O-zone. Nor do we know that the polar ice wasn't going to melt anyway. Geographically the world has gone from what we belive as normal world temperature to a tropical to solid ice... and it's done so too many times to count. THAT is the cold hard truth.

Beliving that we measily upright, hairy, bipeds can control the weather is obtuse. Frankly your superiority complex makes my nose twitch.

on another hand... the govornment tried to make it illegal to drive certain cars for the same reason a while ago. Those people who drive "classic" cars refused to remove their cars from the road. This is another attempt to effect car sales and "boost the economy" but all it's doing is expanding the gap between the upper and lower classes.

in the end people are still going to do what they want.

Also... don't forget that as many "clunkers" as were turned in... there were still 100 to 1 against people who were able or willing to trade in their car and get into a payment.

tell me then... how does that have a positive effect on the CO entering the atmosphere because of fewer smoggy cars?

If anything the positive effect is countered by the fact there are suddenly MORE cars on the road because the clunkers weren't driven on account of having other cars that got better gas mileage

Jessica

"The government says it will accept paperwork for all deals well after the 8 p.m. Monday cutoff date."

Can you please provide the source for this? I believe you are incorrect.

BTW - I work in the office of a dealership and have seen the official rules from the government to the dealerships.

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