Cash for Clunkers: Gen 1 ST trade in qualfies for a new Gen 2 ST with V8!

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Rich Stern

Rich Stern

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Wouldn't have believed it if I didn't do the math myself, but here's the rule breakdown:



- The clunker has to be less than 25 years old (all STs qualify)

- The clunker has to be registered and insured for the year preceding trade in (that's specific to your situation)

- The clunker must get 18 combined mpg or less by new EPA rules (all STs qualify)

- The ST is a "class 2 truck" in this program, defined as a pickup truck with a GVWR under 8500 lbs and a wheelbase greater than 115"

- The minimum mileage improvement for the clunker benefit for a "class 2" truck traded on another "class 2" truck is a 1 mpg improvement (all Gen 1 STs with automatic transmission are either 15 or 16 mpg by the new EPA standard, while Gen 2 STs with the V8 are 17 mpg);



The 2001-2004 STs are rated at 16 MPG, and qualify for a $3500 incentive if traded on a 2nd Gen V8 ST.



The 2005 ST is rated at 15 MPG, and qualifies for a $4500 incentive if traded on a 2nd Gen V8 ST (note that a 2005 ST owner theoretically could get $3500 on a Gen 2 V6 due to 1 mpg improvement).



Yes, you read it right here on MySportTrac.com: The .gov wants you to buy a new Sport Trac. I'm sure Ford will appreciate it, too!



:banana:



I'm sure, as taxpayers, you're thrilled. :)
 
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Sorry...one last thing:



My analysis applies to 2wd model traded on 2wd. If you are trading 4wd on 4wd, it's probably similar. Trading 2wd on a 4wd may not work. Check the specific mpg for the vehicles in question.
 
Rich,



Your analysis and number crunching may be accurate according to the info listed on the gov't web site. But enter a Gen 1 ST in the Cash for Clunkers "wizard" on the Ford site referenced in another thread, a Gen 2 Sport Trac does not come up as a vehicle for which you can trade your Gen 1 ST.



So I'll bet you'd have a hard time getting this to fly at a Ford dealership.
 
I thought if the ST is rated say 12 Town and 15 highway doesn't that mean it is 27 combined ??



That would be over 18..



Todd Z
 
TrainTrac, Ford's site has several disclaimers about category 2 trucks not all being shown.



The fueleconomy.gov site has a "Does my trade qualify?" tool. Putting in the scenario I described works. Since the U.S. government wrote the rules, and will be the ones paying the incentive, I suspect their position on the issue is more pertinent than Ford's.



I wouldn't hesitate to make my case to a Ford dealer. It's easy enough for them to fact check online.
 
Thanks for the clarification, Rich. I was just being lazy and going by what was posted earlier this morning.;)
 
Todd, the EPA's combined mpg rating isn't city mpg + hwy mpg. It's a formula the EPA uses to determine the likely average in mixed driving. For a Gen 2 2wd V8, it's 17 mpg. For 2001-2004 2wd, it's 16mpg. For 2005 2wd, it's 15mpg.

 
Anybody else find it ironic that the government will pay you to trade in your V6 on a V8?



Only the United States Congress can invent such rules and pass them into law.
 
TrainTrac, I don't think the 2010 4wd wouldn't qualify. You have to apply the mpg improvement rules defined on the chart for category 2 trucks. You need at least a 1 mpg improvement.
 
Just asked one of our salespeople about the program. The $3500-$4500 incentive is instead of trade-in value. They, in turn, sell the vehicle to a scrap yard, and you get whatever they give for it less $50 in addition to whatever incentive you get. So, if you're like me, it's not that great a deal, because I still owe a lot more than that on my Trac. Even with factory incentives, I'd lose my butt.
 
Yep, not a great deal if your trade-in is worth more than $3500-$4500, like my Trac.



So this is basically nothing more than yet another Democrat/Socialist forced income redistribution, "spread the wealth", "from each according to his abilities, to each according to his needs" program whereby the gov't takes my hard-earned money (i.e. private property) from me by force at the point of a gun, and gives it to some other schmuck whom they think "needs" it more than I do.:angry: And for no other purpose than to buy votes from said schmuck!:angry:
 
Just asked one of our salespeople about the program. The $3500-$4500 incentive is instead of trade-in value. They, in turn, sell the vehicle to a scrap yard, and you get whatever they give for it less $50 in addition to whatever incentive you get. So, if you're like me, it's not that great a deal, because I still owe a lot more than that on my Trac. Even with factory incentives, I'd lose my butt.
Click to expand...



OK. That's kina important! :D





 
In my brochure rec'd today from Ford in the mail, the 2010 Sport Trac is not one of the 20 Ford, Lincoln or Mercury vehicles pictured that the rebate applies to. And then just on the CBS Evening News they reported the new vehicle you are trading for has to have a min. 22 mpg.
 
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I think this has been discussed before, but won't this create an instant artificial inflation in the lower end of the used car market? All the vehicles the were worth $500-$2500 or so are now essentially worth $4500? I noticed a mention that a vehicle has to be titled and insured for 1 year prior to the trade in, but is that by the person trading it, or just anyone?
 

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