Cash for Clunkers Could Give DFW Car Buyers Up to $4500
A new bill passed by Congress and signed into law by the President Obama will give American consumers up to $4500 for trading in their old gas-guzzling used cars. The “Cash for Clunkers” bill will provide the money in the form of a voucher. The voucher could then be traded in to buy a new, more fuel-efficient car.
Many consumers have already discovered the benefit of driving a fuel-efficient vehicle. You can save money on gas during your commute, and that savings can be put toward driving your dream car on the weekend with exotic car rental.
In addition to putting more fuel-efficient cars on the road, the bill would possibly be a shot in the arm for the ailing auto industry. However, some opponents point out that with credit scarce and money still tight, consumers may continue to wait to buy a new car.
Some reports say that potential auto buyers have been waiting for the bill to pass before they buy a new car. 85% of dealers reported that they felt the “Cash for Clunkers” bill would spur sales of new cars after it is passed, but they are eager to see the bill enacted into law.
Driving a fuel-efficient car is good for both the environment and your pocketbook. Gas prices continue to climb as the summer travel season increases demand. It’s expected that fuel prices will reach an average of $2.70 per gallon in coming months.
Many exotic car fans find that driving an exotic car on a regular basis can be too costly. Instead, they choose to rent an exotic car and drive a compact or hybrid car for the daily commute. If you drive a Honda Fit during the week, you can drive a Bentley Continental for the weekend.
Another great alternative to owning an exotic car is joining an exotic car club. Exotic car clubs give members access to an entire garage of exotic, classic, and luxury vehicles. Members share the vehicles as they need them.
The new website for the “Cash for Clunkers” program has been launched, but it is still short on details. Lawmakers say that creating the rules for the program may take up to a month, and this delay is likely to affect car sales this summer. Many consumers buy cars during June and July, but potential buyers are waiting for the program to begin.
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Eric on June 23rd 2009 in Exotic Car Rental