~shocktheman~
08-24-2009, 10:37 AM
Just wanted a quick opinion from you guys. The cash for clunkers program ends today, but I had an idea. I'm in the market for a new vehicle and I do have a worthless clunker that I could get a $4500 value for with the CFC program. I'm not interested in any of the vehicles in my price range, but I thought maybe I could get a vehicle through the program, and retrade it in this week even and make a profit. For example:
I find a vehicle for $13000, and trade in my clunker which brings the final cost down to $8500. Later I bring it to a different dealer as a trade in and make $10000, which is an overall profit of $1500.
What do you guys think about this? I know someone's probably thought of this, but I can't find an answer. Do you think it would work?
I find a vehicle for $13000, and trade in my clunker which brings the final cost down to $8500. Later I bring it to a different dealer as a trade in and make $10000, which is an overall profit of $1500.
What do you guys think about this? I know someone's probably thought of this, but I can't find an answer. Do you think it would work?