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.
