The only way I would do it is if you're allowed to use it for a used car.
The depreciation on a new car is so great that even if the government gives you $5,000 or $6,000 to trade in your old clunker with 300, 400 or 500k miles for a new Corolla Hybrid, it's still not worth it.
Now if they give me $5k or $6k to trade in an old clunker for a used Prius Prime that costs $12,000 to $15,000, then I'd pull the trigger immediately.
The depreciation on a new car is so great that even if the government gives you $5,000 or $6,000 to trade in your old clunker with 300, 400 or 500k miles for a new Corolla Hybrid, it's still not worth it.
Now if they give me $5k or $6k to trade in an old clunker for a used Prius Prime that costs $12,000 to $15,000, then I'd pull the trigger immediately.