News: USA - Motorists will find engine repowering a better option than "Cash for Clunkers"
Many Americans are finding that the "Cash for Clunkers" programme is not an option for them.
Friday, 18th September 2009
Whether their vehicle does not qualify for the programme or they are hesitant or unable to take on the expense of a new car, repowering the engine of their "clunker" may be a wise alternative, according to the Engine Repower Council. "If 'Cash for Clunkers' is not for you, repowering the engine of your so-called 'clunker' may be the answer," said Dave Wooldridge, chairman of the Engine Repower Council. "For the cost of an average down payment on a new car or truck, you can repower your vehicle with a remanufactured/rebuilt engine, gaining years of reliable service and improved fuel economy all without monthly car payments and higher insurance rates." According to Edmonds.com, the average car loan payment is US$479 per month. Considering that an average of US$22,992 can be saved by skipping car loan payments for the life of a four-year loan, repowering is clearly a very sound and cost effective investment. "Even with the 'Cash for Clunkers' incentive, a one-time investment to repower a car's engine makes more financial sense, extending the vehicle's life and eliminating the additional costs associated with a new car purchase," continued Wooldridge. With repowering, a vehicle's engine or an identical one from another like-vehicle, is completely disassembled, cleaned, machined and remanufactured/rebuilt. Unlike used or junk yard engines with an unknown performance and maintenance history, repowered engines are dependable, reliable and backed by excellent warranty programmes. In addition to its financial benefits, remanufactured/rebuilt engines also save the tremendous amount of energy used in processing discarded engines and vehicles. It also saves an incredible amount of raw materials that would have been used in building a new engine.