Will my car be eligible for the Cash For Clunkers program?
Saturday, August 1st, 2009 | Automotive | 4 Comments
I looked onto cars.gov to look at the requirements and then went to fueleconomy.gov to see if my car met the requirements. I have a 1996 Mercury Cougar (6 cylinder) and it gets a combined 19 mpg according to the website. I doubt it gets that much, but the requirement is 18mpg or less to be eligible. I was wondering if anyone has been successful in getting the voucher even though their car is slightly over the requirement. 10 points for best answer. Thanks!
well see the program doesn’t go by what the vehicle gets now, they go by the EPA of the vehicle when it was new so it doesn’t matter what it actually gets now
Where is 2009 Cash for Clunkers eligible vehicles list?
Saturday, August 1st, 2009 | Automotive | 2 Comments
Where do I find the full list of eligible vehicles for the cash for clunkers program. Particularly interest in Ford vehicles eligible.
You will find the LIST of ELIGIBLE VEHICLES here. It also has the full FORD list.
http://www.inewscatcher.com/2009/07/cash-clunkers-program-eligible-vehicles.html
Where can I find information on what qualifies for "Cash for Clunkers"?
Saturday, August 1st, 2009 | Automotive | 3 Comments
The government just passed this legislation this past week. What is the site to determine what qualifies?
http://www.detnews.com/article/20090611/POLITICS03/906110499/1148/rss25
How does the cash for clunkers program work?
Saturday, August 1st, 2009 | Automotive | 6 Comments
I have an old 91 Toyota Celica that guzzles gas and barely gets me to work. How does this new program work? If I am eligible, how much would I pay on a new car?
ok I know that I can get up to $4500 for a new vehicle. Got that. What I am asking is how do I know if I qualify? What do they look for? Is the $4500 considered the down payment? Do they still do a credit check? I just want to know the process.
Thanks
Yeah, it’s all kind of confusing. Here’s an article that spells it out pretty clearly. http://www.ehow.com/how_5221986_cash-clunker.html
Hope that helps!
Knowledge Of The Basics of Bank Owned Foreclosure
Monday, July 27th, 2009 | Finance | No Comments
Your financial status should be on top during economic crisis. With tightening assets and less money to lend, banks aren’t as willing to approve you for loans, and loans that you are approved for will likely be smaller than in a robust economy. Pay off your bills in a timely fashion, use your checking card instead of credit cards, and generally live within your means. Possessing a sizable savings account also helps a person during tight economics. A bank owned foreclosure may happen anytime though doing all of the right things. Instead of dreading such an outcome, take steps to prevent it, and have a plan in case the worst happens.
Bank Owned Foreclosure Forced Out
When you take out a mortgage, you insure that money against the value of your home. It is how most people get large loans for purchasing houses, but what happens when you don’t have enough money to pay back the loan and it defaults? A bank owned foreclosure can kick you out of your own home and put it up for auction. It’s a risk that many people are willing to take to own their own home, and for most people, it’s relatively safe. However, there is always the chance that you will get laid off from your work, your car breaks down and needs thousands of dollars in repairs, or you don’t have health insurance and find yourself in need of hospitalization. These scenarios happen to people everyday, and then they find themselves facing bank owned foreclosures.
When it’s sold in an auction, if the bank foreclosed home is sold for less than what is left on the loan, then you may end up picking up the tab anyway. In a poor economy, this means that you will have to find somewhere else to live and find a way to pay off the remaining principal, which can be sizable. Bank owned foreclosures aren’t fun for anybody, and they aren’t even profitable for banks either, who are just looking to cut their losses. Before you go looking to vilify a bank for bank owned foreclosures, remember that consumers are expected to live up to their side of the bargain. It might not be the most desirable outcome for anybody, and it will end up causing a lot of grief and sadness for the home owners in particular, but it is absolutely necessary for banks to be able to continue lending money.