I think that it is interesting that people are actually figuring out how to "game" the system........our neighbor across the street wants to trade her son's old '91 Dodge caravan in on a new one........
So......she is trading it in (initially) on a new Toyota Corrola, collecting the $4500, and when the program is over, she plans on trading the Corolla in on the Caravan that she actually wants.......
She will likely take a $1000 hit trading in the new Corolla, but the '91 Caravan is only worth about $300, so she will ultimately come out about $4000 ahead at the taxpayer's expense........
doc