Archive for September, 2009

The Cash For Clunkers Bill Has Come And Gone, So How Come The Numbers Don’t Add Up?

September 11th, 2009 by Buddy Evans
Buddy Evans

Impressive numbers for the Cash for Clunkers program make it seem like a smash-hit

The dust has settled and the Cash for Clunkers stimulus numbers are in…and it seems like the Cash for Clunkers bill was a success, more or less. But, a closer look at the numbers suggests a few flaws in the program.

According to the U.S. Department of Transportation, the program was “wildly successful” with nearly 700,000 “clunkers” traded in for rebates on new, more efficient vehicles. For those cars, taxpayers (via the federal government) can expect to dole out $2.877 billion.

Here’s the rub – perhaps the fundamental rule of the Cash for Clunkers stimulus was to require people to buy new cars with a government rebate in exchange for their clunkers.

So, why doesn’t the amount of clunkers turned in match the amount of new cars purchased?

(more…)

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For College Students With Cars, Selling It Can Help Offset Rising College Education Costs

September 1st, 2009 by Buddy Evans
Buddy Evans

Broke college students can cash in on their vehicle to help combat rising college costs

By Buddy Evans, President of Big Bucks Auto™

For some college students, a car can either be a lifesaver or it can be a serious financial drain. And with college education costs rising every year, the difference can make you a happy camper or a broke college student.

A college student's car can be a drain for broke students considering rising college education costs

Students Are Feeling The Pinch Of Rising College Costs

According to CollegeBoard.com’s breakdown of the average college education costs, tuition is certainly the largest expense, but ancillary costs are a growing burden.  In their article, “Break Down The Bill,” CollegeBoard.com discusses the following rising college costs:

  • Books and Supplies: The national average at four-year private colleges for course materials in 2008-09 is $1,077.
  • Personal Expenses: Things like laundry and telephone fall under personal expenses. The national average for four-year private colleges (on-campus students) in 2008-09 is $1,906.
  • Travel Expenses: For those that live a few hundred miles away from campus, the national average for four-year public colleges in 2008-09 is $1,010. Make your own estimate based on how and how often you plan to travel.

And those expenses do not account for a college student’s car. You would need to factor in things like a potential car payment, car insurance, fuel and maintenance. Depending on the health of your vehicle, those costs alone can make for a very broke college student.

In A Place Like NYC, A College Students Car Can Help Dampen The Impact Of These Rising College Costs

Figuring out how to sell your car with Big Bucks Auto is easy. For a broke college student, figuring out how to spend that money is probably easier. If you are a college student with a car just starting classes at one of the many colleges and universities in NYC, or even a returning student, getting a free quote and a fair deal from Big Bucks Auto is a smart move.

Current college education costs are quite high and rising, while in a place like NYC, a college student’s car is not a necessary expense.

Learn more about why you should choose Big Bucks Auto to buy your car and call us today at 1-888-44-BUCKS or 1-888-442-8257.

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