Foundations of Finance

Cars automobile sales have slumped this past week in hopes of figuring out the Cash for Clunkers bill. To clarify the process according to USA today, the $3500 or the $4500 voucher is an electronic transfer from the government to the dealer.  Sadly there has been a decrease in sales because American citizens are seem to be flocking the dealerships with questions rather than trade-ins. The minimun for cars automobile trade-in vehicle requirements is 22 mpg for a car and 18 mpg with a truck. To get the full $4500 you need at least 5 mpg better for a truch and at least 10 mpg for a new car.