Cash For Clunkers 101
Help you understand how this car stimulus rebate program works
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- (Video) How to Benefit from Cash For Clunkers Program Right Away…
- How to Find CFC(Cash For Clunkers) Registered Dealers?
- 5 Important Things to Know about Cash for Clunkers Program
- How the ‘Cash for Clunkers’ Plan Would Help New-Car Buyers
- Should he trade in beloved truck for tax dollars?
- BMW Cars Eligible for Cash for Clunkers Program
- ‘Cash for clunkers’ may jumpstart US auto sales
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- 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
- You don’t need a voucher, dealers will apply a credit at purchase
Find a particpating dealer in your area by going here. Fill out a trade-in form, a registered dealer will contact you as soon as possbile.
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The CARS Act would give buyers up to $5,000 back. Here’s the list of vehicles that would qualify
By Paul BedardPosted March 24, 2009Auto industry and congressional supporters of legislation to reward people who trade in clunkers for new, fuel-efficient vehicles are looking to build pressure on the administration to back it.
The legislation, H.R. 1550, would pay up to $5,000 for trading in a vehicle at least eight years old. “It’s a triple winner,” said a Detroit executive based in Washington. “It helps the economy, it saves fuel and oil, and it helps the environment.”
So far, the administration hasn’t aired an opinion on the legislation, also called the CARS Act, though the president’s auto task force has indicated support. It has the backing of House Speaker Nancy Pelosi, the UAW, and most automakers.
Those pushing the legislation said that they plan to step up pressure on the administration to back it, especially as the industry looks a week ahead to reporting historically poor sales figures for March autos. “Sales reports will be pretty miserable,” said the executive.
The supporters are considering advocacy ads and plan to highlight comparable programs unveiled overseas. In Germany, for example, a similar program has boosted auto sales by 20 percent for American carmakers.
The CARS Act would cover about five to 10 fuel-efficient cars and trucks from each North American carmaker or assembler in the program. The following companies would be included: General Motors, Chrysler, Ford, Honda, Hyundai, Mazda, Mitsubishi, Nissan, Toyota, and Volkswagen.
Vehicles expected to meet the CARS Act fuel-efficiency requirements:
- Chevrolet: Aveo, Cobalt, Colorado, Equinox, HHR, Malibu, Malibu Hybrid, Traverse
- Chrysler: PT Cruiser, Sebring, Town & Country
- Dodge: Avenger, Caliber, Caravan, Journey
- Ford: Edge, Escape, Escape Hybrid, Flex, Focus, Fusion, Fusion Hybrid, Ranger, Taurus
- Honda: Accord, Civic, CR-V, Element, Odyssey
- Hyundai: Santa Fe, Sonata
- Jeep: Compass, Patriot
- Mazda: B-Series, Mazda 6, Tribute, Tribute Hybrid
- Mercury: Milan
- Mitsubishi: Eclipse, Galant, Outlander
- Nissan: Altima, Quest, Sentra, Versa
- Pontiac: G6, Solstice, Vibe
- Saturn: Vue
- Toyota: Avalon, Camry, Camry Hybrid, Corolla, Corolla Matrix, Highlander, RAV4, Tacoma, Venza
- Volkswagen: Jetta
Find a particpating dealer in your area by going here. Fill out a trade-in form, a registered dealer will contact you as soon as possbile.
