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
10 things you'll love about Windows 10 There's a lot to like about Windows 10. Here are our favorite features in Microsoft's soon-to-be-released operating system. More
Warren Buffett's gone cold. How his top 10 stocks are doing The Oracle of Omaha is an investing legend. But several of Berkshire Hathaway's biggest investments are off to a lousy start in 2015. Will shareholders complain at the annual meeting in Omaha on Saturday? More
BMW's M235i doesn't compromise BMW's new M235i gives you the performance of an M car for a lot less money. More

Special Offer