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.

3 of 6
BACKNEXT
Pete Voss: 1st time on the `new' lot
Pete Voss: 1st time on the `new' lot
Pete Voss, of Traverse City, Mich., swapped his Town Car for a Dodge Caliber.
Traded: 1990 Lincoln Town Car (18 mpg)
Bought: 2009 Dodge Caliber (27 mpg)

When Chrysler announced it would match the Cash for Clunkers program, my family reached a threshold for our first-ever new car purchase. We'd spent weeks test-driving older cars, and we were tired of rust spots and funky-smelling interiors.

This program was the catalyst for us -- and many others, it seems. Almost all 2009 models at our dealer were spoken for by 3 p.m. the day we went. We got our Dodge for $9,500 -- more than 50% off the invoice price.

I mourned a bit for the old cars that might have some useful life left. But we would've never been able to sell the Town Car for as much as the trade-in. It had already cost us $500 in maintenance for this year -- which included $250 for exhaust pipes installed just a few days before the trade. Fresh steel for the scrap yard, and another hole in my wallet!

NEXT: Sterling Brooks: Too old for clunkerdom

Last updated August 13 2009: 2:28 PM 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)
More Galleries
14 gifts gamers would actually want Whether you're shopping for a Pokémon GO fan or someone who owns every console ever made, we've got holiday shopping recommendations to suit everyone from beginners to the most discerning gamer. More
14 coolest toys for the holiday season Our list of must-have toys includes a self-hatching interactive pet, a coding toy for toddlers and a high-tech Barbie Dreamhouse. More
The 10 most expensive colleges this year The 10 most expensive colleges in the U.S. charge more than $66,000 for tuition, fees, room and board for the 2016-2017 school year. More

Special Offer