Cash For Clunkers 101 Help you understand how this car stimulus rebate program works
  • How the ‘Cash for Clunkers’ Plan Would Help New-Car Buyers

    The CARS Act would give buyers up to $5,000 back. Here’s the list of vehicles that would qualify

    Posted March 24, 2009

    Auto 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.

    Published on June 22, 2009 · Filed under: FAQ;
    2 Comments

2 Responses to “How the ‘Cash for Clunkers’ Plan Would Help New-Car Buyers”

  1. Laughing in Nebraska said on

    This is by far the dumbest government social program yet!

    I have a pickup that only gets 10mpg but it won’t qualify because it is 32 yrs old. I could really use a vehicle that would get 30mpg but no way am I going into debt for a new car.

    Why can’t we use the money on a good used car? Because that wouldn’t win votes for Obama with the car companies! Why should he care anyway, he already owns 66% of american production anyway…our tax dollars bought and paid for the companies so Obama Mohamud can run them!

  2. Well, This is another opportunity for the federal government to give more my tax dollars to the parasites that suck from the hard working taxpayers. I don’t drive a $500. P.O.S. Car My clunker has Value. Blue book of $5500.00 But gets 13 MPG So this Cash for clunkers Is not geared to Do away with Gas guzzlers. Its a Program Geared to once again GIVE “Losers” Loser Term = Someone whom Based on there decisions in life have found them In a non-enriched Condition. A Hand out of $4500. Rewarding them for there poor planning and decisions. At the expense of the working class. Bail-out is a Sell out OF Americans. You want to help? Give everyone who paid Taxes Every Dollar that you took from us in the past 5 years. I’m sure I could Buy 2 New cars with that. Otherwise I will just wait for the Scumbag who gets there new car with this Auto Welfare Voucher has it REPOSSESSED. See, A problem can’t be fixed with the same mind set that created the problem.
    Dale

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