Archive for the ‘clunker’ Category
July 29th, 2009 | 
Author: Is It Time To Trade In Your Clunker For A BMV?
BMV (Bayerische Motoren Werke) which is now the world’s biggest luxury-car maker, is offering a $4,500 rebate on its two diesel models in the U.S. in order to attract customers who otherwise wouldn’t be able to qualify for the government’s fuel-economy clunkers trade-in program.
The discounts apply to the 335d sedan and X5d sport-utility vehicle, which are BMV’s most-efficient autos presently sold in the U.S.
The rebates began last week and will run through Aug. 31.
Go to Cash For Clunkers now and find out the latest news about it.
A diesel vehicle’s fuel mileage is as much as 33% better than that of gasoline powered by engines, and diesel drive autos account for more than one half on BMVs’ global sales.
U.S. buyers became eligible for trade-in credits up to as much as much as $4,500 on July 24th under new federal incentives that encourage people to trade in their clunkers.
The $1 billion clunker program sets a $45,000 retail-price ceiling on new vehicles, which means that without the rebate, that the X5d who regular selling price is $51,200 would have been ruled out.
Diesel driven cars presently account for less than 3% of U.S. new- vehicle sales, and Aaron Bragman, who is an IHS Global Insight Inc. analyst in Troy, Michigan said, “There really is a question of, ‘Is there a market for diesel in the luxury realm?’. It can’t hurt, especially if they are trying to get the word ‘diesel’ out there first and foremost”.
U.S. sales of BMW’s 335d were just a meager 487 through the first half of this year, which is about 1% of the volume for the 3-Series line, and Dave Buchko, who is a spokesman for BMW said, “We wanted to emphasize the efficient nature of these vehicles and raise people’s awareness”.
Buyers who have qualified clunkers will receive,
a) $900 from the clunker program if the buy a 335d
b) $1,800 if they buy an X5d
The U.S. EPA (Environmental Protection Agency) rates the 335d at 36 miles (58 kilometers) per gallon in highway driving and the X5d at 26 mpg.
Read the rest of this entry »
Posted in auto sales, automakers, Automobiles, BMV, car, clunker, energy, stimulus package, vouchers | 
No Comments »
Cash For Clunkers
The aim of the cash for clunkers program which is due to start tomorrow, July 24th is to tempt would be buyers into trading in their old gas guzzlers for a new greener model, which will hopefully help the environment, and also will give some momentum to the stalled economy.
The vehicle that’s going to be traded in has to meet certain requirements, one of which is that it’s not more than that twenty five years old, and the new vehicle mustn’t cost more than $45,000.
The program, which is officially known as the Car Allowance Rebate System, will continue until $1 billion in rebate credits are reported, or Nov. 1st whichever comes first.
The program might triple or even quadruple the trade-in value of a real clunker, meaning one that would normally only fetch $1,000 to $1,500 from a dealer, but if the book value of the car or truck is more than the $3,500 or $4,500 then the program probably won’t help you.
Dealers are really excited about the program, and it’s easy to understand why when you consider that the U.S. auto sales annual rate was 9.69 million cars and light trucks in June, down from 9.9 million in May and 13.7 million in June 2008.
Chrysler Group LLC just announced that it will be offering new-car buyer’s incentives of as much as $4,500 in cash, and those who qualify for the maximum credit under the clunkers initiative will receive $9,000.
The incentive runs from tomorrow through Aug. 31 and covers most 2009 Chrysler, Dodge and Jeep models.
Some Tips If You’re Thinking Of Trading
1) Don’t drive your clunker to the dealer’s lot.
2) Negotiate on the price of the new vehicle first, and only when that’s finished, mention that you have a clunker to trade in.
3) If the salesperson tells you that cash-for-clunkers rebates are only available if you pay the sticker price, then don’t believe them. The opposite is true, and you’ll get less than the full value of the government credit if you pay the sticker price.
4) Carefully review the sales contract to make sure you haven’t bought services that you didn’t want, and make sure that the final numbers, including the monthly payment, match the negotiated price.
Read the rest of this entry »
