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Cash For Clunkers

  

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5 Important Things to Know

·      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.