cash for clunkers requirements
This is a government program that helps you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle. [1]
Recently, the U.S. Government passed legislation providing vouchers valued from $3,500 to $4,500 when you trade-in a vehicle and purchase a new one that meets or exceeds higher MPG standards. [2]
Cash for Clunkers is a newly available part of the Obama stimulus package that will put up to $5000 in your pocket when you trade in your vehicle for a more fuel efficient new car. [3]
Under the CARS program, also called the “cash for clunkers” bill, your older car may qualify for a vehicle voucher worth thousands of dollars on a more fuel-efficient new car. [4]
If you have a 1984 through 1988 model year vehicle, visit the EPA’s fuel economy website, FuelEconomy.gov, to determine the vehicle’s combined fuel economy rating. [5]
A: The plan offers vouchers of up to $4,500 when buyers trade older vehicles that have an official miles-per-gallon (MPG) figure from the Environmental Protection Agency (EPA) below a specific number (18 MPG for passenger cars and small light-duty trucks). [4]
President Obama will sign into law a program NHTSA is calling the Car Allowance Rebate System (CARS). [1]
The Car Allowance Rebate System (CARS) was signed into law by President Obama on June 26. [4]
Kelley Blue Book used car values extend back 20 model years, but the federally funded Car Allowance Rebate System (CARS) provides eligibility for vehicles manufactured up to 25 years prior to trade-in date. [5]
A: The Car Allowance Rebate System is a new program from the government that will help you pay for a new, more fuel efficient car or truck from a participating dealer when you trade in a less fuel efficient car or truck. [1]
… engineers are able to focus on quicker fixes such as using lightweight wheels, subtle engine tuning, and changing option packages to reduce weight. [6]
In the meantime, please feel free to contact your local GM dealer to inquire about their planned participation in CARS. [2]
If it’s rated at 18 mpg or less and meets the other preliminary eligibility requirements, there’s a good chance it will qualify. [5]
If you are ready to scrap and recycle your vehicle, use the tools on this page to calculate an estimated CARS voucher value and learn more about a new GM vehicle. [2]
Note that work trucks (i.e., very large pickup trucks and cargo vans) have different requirements. [3]
Sources:
[1] Cash for Clunkers
[2] Cash for Clunkers Rebate Program - Fuel Efficient Vehicle Voucher | GM
[3] Cherry Creek News - Cash for Clunkers - Requirements and eligibility …
[4] Cash for Clunkers - AutoTrader.com
[5] Cash For Clunkers - Facts About The Government Sponsored Car Allowance …
[6] REPORT: Nissan engineers tweaking vehicles to meet Cash-for-Clunkers …