Cash For Clunkers and Business Vehicles

It’s been a long time since someone in my family traded in one of their used cars. Usually my dad just keeps every single car he’s acquired and parks them all along the driveway and down the street. I actually joked with him recently that if I bought him some bunting he’d have his own car lot. This is becoming a serious problem, but it could be worse…at least he doesn’t drive any of these noisy polluters so he doesn’t have EPA concerns. He should just sell them for $1,000 each and then people can trade them in for $4,000 towards a new car. I’m a genius. Well actually that was my husband’s idea so I can’t get in trouble for it. I’m a banker and a Rotarian so I have to tell the truth and make sure it’s fair to all those concerned. Cash For Cars Sydney

So how does Cash for Clunker’s help business owners? Well for one, how about trading in those old work vehicles for some more fuel efficient ones? Time is limited. Congress just injected another $2billion into the program, but that is expected to last only until Labor Day. There is another program that the Obama Administration came up for business owners. This is the one where the SBA guarantee fees are eliminated for commercial real estate purchases. But this is also for a limited time only, or until funds are depleted. The point is there are deals out there and the timing is right. I can only drag a horse to water.Well horses are kind of big, and I can’t pull very hard…so I can use a carrot to lure a horse to water. That’s what the banks need to do for prospective borrowers. The figurative carrot is the savings of thousands of dollars in SBA fees for the purchase of real estate.


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