My old van, a 2001 Dodge Caravan w/ 195,000 miles and an '18' on the government scale is on the top ten list of most traded in 'clunkers'. Worth $3500.00 on the purchase of a new vehicle with at least 22 mpg rating.
One of the vehicles I'm considering is the Honda CR-V. The semi-tricked out version runs about $27,500.00, after a skinny deal of about $1000.00 off the sticker price given by the dealer. (Plus TTL, but those remain the same, so I'll leave those figures out.) No other trade in money or deals will be offered.
This brings my van/CR-V trade deal to $24,000.00 with a 2010 model and the government cash-for-clunkers deal.
Lets look at something slightly different:
Looking at the Car Max site - with I typically use for real world used car values since I'm a Dave Ramsey fan, and have a hard time not letting someone else take the new car devaluation hit.
Here's a 2008 Honda CR-V that is tricked out like the new one I asked the dealer about. It's two model years old, and has 20K miles. ( History shows it was a 'fleet vehicle', which means a rental) The Car Max price is $20,998.00 Plus a drive to Indianapolis, where this example currently is parked. The website calculator says that I would get a $1250.00 trade in on the van.
This brings my van/CR-V deal to $19798.00 with the straight-up trade my old van for a newish CR-V.
One more comparison:
We looked at a Mazda RX-7 a couple of weeks back. Sticker price on that vehicle was about $27,800.00. The first 'deal' I was offered was $1,000.00 off the sticker price and $3000.00 trade-in for the van. That brings that comparable vehicle - brand new w/o the government program to $23,800.00.
New Honda CR-V with $3,500.00 government money $24,000.00
New Mazda CX-7 straight-up w/ trade in allowance $23,800.00
Slightly used Honda CR-V without government assistance $19,798.00
To me, this sounds like one of those screwed up math story problems where you 'lose' a dollar while seeming to be getting the best deal. Can you see where the dealer is getting $3,500.00 from the government, yet I'm paying about the same price for the vehicle? Maybe the 'cash for clunkers' program works better when you think of trading a Ford F250 for a Prius, or something - but the math just isn't working for me.
PS: I still want a Volkswagon Tiguan. But it's the same kind of 'want' as when a little girl says she 'wants' to be a princess. Ain't in the cards.