· 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
June 25, 2009 - President Obama has signed the Cash for Clunkers Bill, now called ?CARS? . NHTSA should have program up and running Late July.
June 23, 2009 - The NHTSA has updated their CARS website to say that the Cash for Clunkers program will be implemented in Late July. The exact wording from the Cars.gov website advises consumers "You may want to contact your local dealer in mid July." This is in slight conflict with the wording of the bill that says cars purchased from July 1 2009-November 1, 2009 will qualify.
June 22, 2009- The NHTSA has published a copy of the Cash for Clunker law for consumers to read. View as a PDF . They have also answered a few questions, which have been added on our FAQ Page. Please read the FAQ page carefully. They have also created a new acronym for the bill CARS which spells our Car Allowance Rebate System
June 18, 2009 - Senators Harry Reid, Dick Durbin and Debbie Stabenow spoke on behalf of the Cash for Clunkers Bill. Republican Senators tried to cut the measure from the Wartime Spending Bill but they were NOT successful. Cash for Clunkers program will stay as part of the wartime spending bill.
Green Light for Cash For Clunkers ? The wartime spending bill will go to President to Sign.
Get Pre-Qualified now by completing the form on the left if you want to buy a new car this summer.
The President has already said that he would sign the bill. Then the National Highway Traffic Safety Administration will have 30 days to put regulations in place for the program.
The #1 question from consumers is: When will the bill be passed? The second most frequently asked question is: Will my trade and the car I want to buy qualify for the $4,500 cash voucher?
In order to assist consumers with these two questions, we have provided our email alert system and our trade-in quote form. Any consumer who would like to receive an email when the bill is signed by President Obama or if there is a major change in how the program works, can signup here this page or to be placed on our alert list newsletter click hereConsumers who want the best information on their trade and the car they want to purchase, should complete the form on this page. On the form, fill in the car you will be trading in and indicate the car that you want to purchase.
Lawmakers are proposing a ?cash-for-clunkers? bill that would give consumers up to $4,500 to purchase a new fuel efficient car. Since there are a few versions being pushed around
According to one version, consumers would have to trade in cars and trucks for a new fuel-efficient vehicle that delivers additional fuel savings of between 2 and 10 miles per gallon, depending on the type of vehicle purchased. According to a recent Edmunds.com article this table will aide consumers in knowing what cars would qualify for the program.
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Summary of Cash for Clunkers Voucher Qualifications | |||
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Min. Fuel Economy for New Vehicle |
$3,500 Voucher |
$4,500 Voucher |
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Passenger Car |
22 mpg * |
Mileage improvement of at least 4 mpg |
Mileage improvement of at least 10 mpg |
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Light-Duty Truck ** |
18 mpg * |
Mileage improvement of at least 2 mpg |
Mileage improvement of at least 5 mpg |
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Large Light-Duty Trucks *** |
15 mpg * |
Mileage improvement of at least 1 mpg or trade-in of a work truck |
Mileage improvement of at least 2 mpg |
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Commercial trucks **** |
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Trade-in must be at least pre-2002 |
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* EPA Combined MPG ** under 6,000 lbs. ***6,000 lbs. - 8,500 lbs. **** 8,500 - 10,000 lbs.