A muscle car in reasonable shape will sell for better than the CARS credit.
That's what I don't get. I drive a car with excellent MPG, but it doesn't do all that well in city driving. A lot of these cars that are being traded in as clunkers still have life in them. The people are trading them in for a new car, which means payments.
This is a good deal....for the banks, the car companies, and meeting federal policy of cutting fuel consumption overall. But for the average owner, I'm not so sure. They might've done better picking up something for slightly more than $3500, to beat the clunker payback. Or, if their car has a few years in it, just drive it as long as possible.
Yep, I have seen some of the prices.