I've been looking over the qualifying rules for the new Cash for Clunkers program, but it looks like it won't make sense for us. We're not looking to take on any more debt, and though we might qualify for the highest redeemable value on my vehicle (since it meets the qualifications of 18 or fewer mpg), it appears it's just applicable for trade in on new cars...not newer used vehicles...despite the increased gas efficiency. To get a new car, despite the great trade-in value with the program, we'd be out a chunk of money, and that's not in the plan right now.
I'll have to doublecheck tthrough a dealer, just to make sure the program only allows all that towards new cars.
It's said when life hands you lemons, make lemonade. I'm not sure my Lemon qualifies...so till we find out differently, we're back to craigslist ads for a bit longer. I'm not sure how popular 8 cylinder engines are at this point, hmmm... :)