The Cash for Clunkers, (a.k.a. CARS, Cash Allowance Rebate System) program is officially launched, and of course you want to know if you qualify for it right? Of course you do. You want to save the environment I'm sure. At least that is what you are telling everyone. You just want the $4500 am I right? :)
You guys that like to see if you can pick up your next ride on the cheap at free online auctions may have a better discount with this new CARS program. How do you take advantage of it?
These are the general guidelines for the Cash 4 Clunkers program, but jump to the bottom of the post to find out if your car is eligible, as well as all the eligible vehicles for the Cash 4 Clunkers program.
What are the trade-in qualifications needed to receive the voucher?
-- Your vehicle must be less than 25 years old on the trade-in date
-- Only purchase or lease of new vehicles qualify
-- Generally, trade-in vehicles must get 18 or less MPG (some very large
pick-up trucks and cargo vans have different requirements)
-- Trade-in vehicles must be registered and insured continuously for the
full year preceding the trade-in
-- Dealers must register to be a part of the program. Consumers should
ask this of dealers.
-- You don't need a voucher, dealers will apply a credit at purchase
-- Program runs through Nov. 1, 2009 or when the government funds are
exhausted, whichever comes first
-- The vehicle that you are trading in is required to be destroyed.
Furthermore, the dealer is to disclose to you an estimate of the scrap
value of your trade-in. The scrap value, however minimal, will be in
addition to the rebate, and not in place of the rebate.
To find out if YOUR specific car qualifies for the Cash 4 Clunkers (CARS) program you can find that information here with this handy trade in amount calculator. Just use the drop down menus to see if your car is on the eligibility list of the Cash 4 Clunkers vouchers, and how much YOUR car will get you in vouchers for a trade in.
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