Overhaulin'

Can you buy a new 08 car from a dealership? I want to know if I can use the Cash For Clunkers rebate on it?

We have an old SUV that qualifies for the rebate. I figure that with the slowdown in the auto industry, there would still be alot of new 2008 car models on the lot. Wanting the most affordable deal, I was hopeful I could use the $4500 government rebate applied to a lesser priced 2008 model. While it is not a 2009; it is still new.

Public Comments

1. Yes, you can use it to purchase a new, 2008.
2. as long as it is a new car, it will qualify, I currently work for a dealership and we even have one 07 work truck left that it would work with. As long as its new, you can do cash for clunkers. But be careful, there are a bunch of rules out there about it, so make sure the dealership lets you knew everything before you get locked into anything.
3. Buying a new 2008 would depend on what is available in your area. When talking to dealers, make sure they are registered to accept the voucher and DO NOT reveal your true financial situation to them (ahum, or on Y!A... to the two who gave me a TD on a Q, you're nuts if you really thought I'd give my true $$ info). Let them work for the sale. I've found these links the most trustworthy and useful: http://www.cars.gov/ (only this one! lots of scams going on) http://www.edmunds.com/ This site might seem too much at first, but research New Cars and make sure to go to the True Market Value page (TMV) before you talk to Dealers. And check re sales tax for you State, County. Some dealers will calulate the tax based on the original price. If your Clunkler is worth less than the voucher, you will have Capital Gains at the end of the year.