How Cash for Clunkers Works | Cale In The Keys

August 4, 2009

From this WSJ article (reg. required).

Never mind that it’s a backdoor bailout. Think of it as a bubble in new Dodge Durangos.

WSJ Cash for Clunkers

Posted by Cale at 9:00 AM in For Investors

http://keysperspectives.com John Fleming

What are they using for milage (city, Hywy, avg)?
http://www.caleinthekeys.com Cale

They use a combined city/highway fuel economy rate. Part of the program stipulated that that NHTSA post on the web a comprehensive list of vehicles that qualify. To find it, go to http://www.fueleconomy.gov/feg/sbs.htm and click on the model year of your vehicle, the make, and then the model. Under the words “ESTIMATED NEW EPA MPG” in the red banner, there is a red number with the word “COMBINED” under it. You can then enter the details re: of a new vehicle you may want to buy and see its combined MPG for comparison.

More info here, too:

http://www.cars.gov/faq

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Portfolio manager Cale Smith on investing, Spoke Funds®, and Islamorada in the Florida Keys.