Cash-for-Clunkers Official Website Rolled Out
We all have been hearing a lot in the news about a new government bill (CARS) that allows us to turn in our low mileage “clunkers” for cash. The unfortunate thing is is that there are a lot of “unofficial” websites that have come out to try and mirror this program.
The official website where you can obtain more information about this program is at: http://www.cars.gov/.
The specifics about the program are:
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
Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.
The program requires the scrapping of your eligible trade-in vehicle, and that the dealer disclose to you an estimate of the scrap value of your trade-in. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate.
So be aware of other websites or programs that are not the official government program.
What people don’t understand is that this program will NOT help low-income families who can’t afford to have a car payment! Sure you get $3500 or $4500 trade in value, but you still have to pay for the rest of the vehicle! How can lower incomes do that?
1For example : A family of 4 with only 1 adult working and the other unemployed, 2 small children in school. After they pay their mortgage, utilities, grocery bill, etc … there isn’t any money left over for a car payment! This is just dumb. Plain dumb. The only people who can afford to do this Cash for Clunkers are people who have the money to buy a car in the first place!
Let’s get real America ! ! !