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As of November 2009 Cash for Clunkers approved just under 700,000 vouchers to pay out to participants. This amount accumulates to a staggering $2.8 billion being paid out since the beginning of this program.

But what does this number mean to the consumer? This article briefly analyzes the individual person behind one of those 700,000 vouchers, what decisions did the person have to consider in order to partake in this program, and was it a success overall? Continue reading ‘Opportunity Costs With Cash For Clunkers’ »

If you have not checked it out yet, SUV deals at auctions are a great place to find your dream vehicle. You have a better chance of finding a vehicle in a newer state than at usual resellers – probably only a year or two old. If you think that tops it, you will probably freak out knowing that the bidding may start as low as $100.

You may wonder how SUV deals at auctions like these are possible. The reason why the government can afford to sell them cheap is because it actually costs them more to keep and maintain them. The units are mostly acquired by repossessing them from people who do not remit taxes, default from loan payments, and cases of fraud. Sometimes, they are taken from some illegal activity taken – usually from drug trafficking or smuggling. An auction like this is a centralized collection of vehicles coming from various law enforcement agencies, such as the DEA, police, FBI, and in some cases, the IRS. Continue reading ‘SUV Deals at Auctions’ »