My 1998 Dodge pickup just came out of the shop, terminally ill. It’s not immediate – cooling system leak around some of the freeze plugs in the engine block – but the cost of (eventual) repair will far exceed the value of the truck.
So what am I to do? Well, the truck clearly qualifies for the “cash for clunkers” program, so here’s a thought. Use the truck as a trade-in on a Prius or some other high-demand “green” automobile, turn it around and sell it immediately on the private market, and take the remainder of the $4500 and buy another used pickup.
I wonder haw many other potential buyers are thinking the same?
[Update] Well, it was a good idea while it lasted ... and the Cato Institute beat me to the idea.
