
Lawmakers have Passed ?cash-for-clunkers? bill that would give consumers up to $4,500 to purchase a new fuel efficient car. Specific details will not be worth discussing until we see which measure gets the most froward momentum in the coming weeks.
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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.
| Summary of Cash for Clunkers Voucher Qualifications | |||
| Min. Fuel Economy for New Vehicle | $3,500 Voucher | $4,500 Voucher | |
| Passenger Car | 22 mpg * | Mileage improvement of at least 4 mpg | Mileage improvement of at least 10 mpg |
* EPA Combined MPG
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