Cash For Clunkers Stimulus | Too Little For Too Few?

Will your vehicle hit the $4,500 jackpot?

Does the math for the "Cash for Clunkers" stimulus program actually add up? (Photos: Cargurus.com)

In principle, it sounds great. People have the opportunity to trade in their older, less fuel-efficient cars for vouchers of up to $4,500. These vouchers are usable on new vehicles that are more fuel efficient than the “clunkers” being traded in. President Obama’s point here is at least three-fold: first of all, putting more fuel-efficient vehicles on the roads to lessen the constant need to refill the tank; second, getting newer vehicles with higher emissions standards out there will help the environment; finally, it will help more people afford better vehicles.

However, there are serious doubts as to whether the Cash for Clunkers stimulus will do enough for enough people. For many, they’d be better off looking into a payday loan or cash advance if they help with a down payment.

What are the qualifications?

Don Fenley reports for TimesNews.net that while the Cash for Clunkers stimulus could be what you’re looking for, it pays to do your homework first. That $1 billion program Congress and the president have passed on to us sounds great, but as Kiplinger.com notes, “the math may not match some of the sales pitches and public expectations vs. what qualifies.” ... click here to read the rest of the article titled "Cash For Clunkers Stimulus | Too Little For Too Few?"