Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Maximum cash for clunkers

Vehicles like these will help SUV and truck owners get the biggest bang for their trade-ins.

1 of 6
More for SUV owners
More for SUV owners
The "cash for clunkers" bill just passed by Congress won't do much for car owners who want to trade in for a more fuel efficient model. If you own an SUV, though, you could stand to gain.

The reason this rule won't help car buyers is that most cars, even older ones, aren't inefficient enough to qualify as "clunkers." The ones that do, meaning they get 18 mpg or less in combined city and highway driving, are mostly large luxury models that are probably worth more than the $4,500 credit for scrapping them.

The good news is that there have been big fuel economy gains in the SUV market. Even if SUV buyers just buy more SUVs, lots of gas will be saved.

Michael Robinet, head of vehicle forecasting for industry consultants CSM Worldwide, thinks the rules should be even less restrictive to allow more Americans to partake.

"There needs to be a cut-off before a certain model year," said Robinet.

Anything older than that cut-off should qualify regardless of fuel economy. Over the course of a decade or more, Robinet pointed out, cars have improved enough - and old ones have decayed enough - that there are environmental benefits even if the fuel economy's no better. And the economy will benefit from more new car sales.

NEXT: Subaru Forester for GMC Jimmy
Last updated June 24 2009: 9:21 AM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Find Your Next Car
More Galleries
Black Friday 2015 in pictures Shoppers around the country braved the crowds to get their hands on the best Black Friday deals. More
Driving the ultimate in '50s Mercedes-Benz style The SC was the car that re-introduced Mercedes-Benz as a global luxury car icon. More
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More

Special Offer