Ever closer to my free car!
Gas guzzlers could get $3,500 or $4,500 in government vouchers to use toward the purchase of new cars that get gas mileage that exceeds the old car’s by four miles per gallon.- CNN
Revisiting the Cubicle Warrior Free Car Equation:
Pn (price of new car) < = Pt (price of trade in) + T(amount of tax
relief) + Voucher
Pn < = $4,500 + $2550 = $7050
Ignoring tax (see rebate) and fees (negotiable), I should be able to get a free new car if I can find one for $7k.
Just not sure if trading in makes this a mutually exclusive proposition so I may have to forgo Pt as it is the lesser value.
OK, had to check. I couldn’t find a US car for $7k, but I found one for
$9k! One of the Cheapest Cars of 2009!
Starting MSRP Accent GS 3-door $9,970
Automatic 26 / 35 MPG
Now, would this Cubicle Warrior be seen driving that? No! But I bet I could sell it for $6k!
Add that 6K to another 4,500 for a car with 30 mpg (because 30 is 4 mpg ahead of the Hyundai and thus qualifies for the stimulus) and I’m in the 5-figures mark! That’s Kia range, baby! Movin’ on up!
The Porsche will be mine!
What do you think? Will I get my free car? Any holes in my logic?