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
A look at Sears through the years Now Sears has officially said its business has an uncertain future, here's a look at photographs that documents the store's rich history. More
Coolest hotel bars for business travelers in 2017 CNNMoney asked a high-end concierge service for routine business travelers what hotel bars they'd recommend in 4 major U.S. cities. Here are the best spots. More
Top credit cards for business travelers 2017 Just like a pair of pants, there's no 'one size fits all' when it comes to the best credit cards for travelers. More

Special Offer