LATEST NEWS & INFORMATION
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| Cash For Clunkers Program Ends Monday August 24 |
| August 21, 2009 - The Cash for clunkers ends Monday. Act now to take advantage of the popular rebate program before it ends. |
| Factory Orders Allowed Under Cash for Clunkers |
| $2 billion ‘clunkers’ refill passes |
| August 06, 2009 - The Senate approved the money on a 60-37 vote after administration officials said an initial $1 billion had run out in only 10 days. |
| Cash for Clunkers Still Available - Act Now! |
| August 03, 2009 - Due to the huge popularity of the Cash for Clunkers program funding is about to end. Congress has already taken steps to pass a bill giving the program an additional 2 Billion in funding. The emergency funding bill is waiting for a Senate Vote that will officially extend the program and is expected this week. If for some reason this bill is not passed the program will end on or around Friday August 7. Act now before it is too late. |
| Cash for Clunkers - Now Officially Available |
| July 24, 2009 - CARS (Cash for Clunkers) is now officially available to the public! The Final Rules and Terms of Eligibility have been published on cars.gov (click here to view a copy). Dealers are now evaluating trades for eligibility. It is strongly recommended that you act now to ensure funds are available. It is estimated that the initial funding will run out in less than a few weeks. |
| Important Things to Know - (from http://cars.gov) |
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Your vehicle must be less than 25 years old on the trade-in date |
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Only purchase or lease of new vehicles qualify |
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You don't need a voucher, dealers will apply a credit at purchase |
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Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements) |
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Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in |
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SUMMARY OF CASH FOR CLUNKERS FACT SHEET
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Passenger Car |
Light Duty Truck |
Large light-duty truck
(6,000-8,500 lbs.) |
Work truck
(8,500-15,000 lbs.) |
Min. Fuel
Economy for
New Vehicle |
22 mpg* |
18 mpg* |
15 mpg* |
N/A |
$3,500
Voucher |
Mileage improvement
of at least
4 mpg |
Mileage improvement
of at least
2 mpg |
Mileage improvement
of at least
1 mpg or trade-in
of a work-truck. |
Pre-2002 Trade-In |
$4,500
Voucher |
Mileage improvement
of at least
10 mpg |
Mileage improvement
of at least
5 mpg |
Mileage improvement
of at least
2 mpg |
N/A |
Source: House Committee on Energy and Commerce
*(EPA combined) |
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