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Definition of 'Clunker '
A popular reference to the old vehicle traded in under the U.S. government's "cash-for-clunkers" program, rolled out in 2009, for a newer more fuel efficient vehicle. For a "clunker" to be eligible for the program it must have satisfied four conditions:
1) It has to be in drivable condition;
2) It has to have been continously insured for one year prior to the trade-in;
3) It has to have been manufactured more than 25 years ago on the date of trade in;
4) It has a combined fuel efficiency of 18 miles per gallon or less.
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Investopedia explains 'Clunker '
The cash-for-clunker program in the U.S. offered drivers of old "clunkers" up to $4500 voucher for trading in their old car for a newer fuel-efficient vehicle. If an old vehicle was worth more than $4500, then the program would not have been beneficial as the vehicle owner could have just sold their car to the dealer.
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Search results for 'Clunker '
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http://stocks.investopedia.com/stock-analysis/2009/Clunker-Collateral-Damage-AZO-AAP-PBY-ORLY-AN0925.aspx
... Article; Comments (0). Clunker Collateral Damage? Posted:
Sep 25, 2009 12:31 PM by Eugene Bukoveczky. ...
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http://stocks.investopedia.com/stock-analysis/2009/Cash-For-Clunkers-Who-Did-It-Help-TM-NSANY-HMC-F0828.aspx
... Automakers are continuing to scale down despite government efforts, with Toyota -
the largest beneficiary of the clunker program- announcing that it is ...
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http://www.investopedia.com/articles/fundamental/03/100103.asp
... generating efficiency. ROE helps investors determine whether a company is
a lean, mean profit machine or an inefficient clunker. Firms ...
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http://financialedge.investopedia.com/financial-edge/0711/-Fix-It-Or-Trash-It.aspx
... If you are patching up an old clunker that gets 15 miles to the gallon, it may make
more financial sense to buy a new or slightly used car that gets 30 miles ...
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http://www.investopedia.com/articles/pf/07/neworusedcar.asp
... The old clunker gasps its last smokey gasp at the side of the road, and you're
left to face a sickening reality - you need some new wheels. ...
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http://stocks.investopedia.com/stock-analysis/2009/Cash-For-Refrigerators-GE-WHR-ELUXY0826.aspx
Beginning this fall, consumers will be offered rebates of up to $200
when purchasing high-efficiency household appliances.
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http://stocks.investopedia.com/stock-analysis/2009/4-Stocks-The-Money-Managers-Love-CGMFX-F-TM-DRSVX-CEDC-KSCVX-WLT-AUERX-CBST0907.aspx
... Not A Clunker Fund: CGM Focus Fund (CGMFX) Manager: Ken Heebner Interesting Fact:
The fund returned 80% in 2007, while the S&P 500 returned 5.5%. ...
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http://www.investopedia.com/articles/pf/07/five_policies.asp
... Even if you are not required to have it, and you are driving an old clunker that
has been paid off for years, automobile insurance is something you shouldn't ...
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