I have a 99 Grand Am that has several issues so it wouldn't be worth very much as a trade in. So, I'm leaning to buying a new one rather than sinking cash into the old one, but I don't want to get screwed on a major tax credit. If I don't get a credit, maybe I'll get this one fixed or buy something used. Most of the problems aren't going to keep the car from getting me where I need to go.

Has anyone heard where the cash for clunkers legislation sits or what the conditions will be?

Aren't there similar cash for clunkers laws already out there?

Any speculation on what a GM bankruptcy or dealership closures might do to auto prices?