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The CARA Allowance Rebate System referred to as CARS or Cash for Clunkers is $1 billion program used an incentive to have people buy or lease a new gas efficient vehicle when they trade in their old gas-guzzlers. The vehicle can be a car, truck, or SUV as long as it is not more than [...]
The Federal Government has created a program to help people trade their older gas guzzling vehicles in for a more gas efficient vehicle. This program is called “Cash for Clunkers”, which has a maximum benefit of $4,500 for a reduction in the new vehicle price. It is effective July 23, 2009 until the federal money [...]
The Cash for Clunkers has eligibility for cars and wagons in order to meet the standards for the Federal Government rebate program. The average combined fuel economy is 18 MPG or less, with the average trade in value to range $3,500 to $4,500 for the rebate.
For the vehicle to be eligible for the rebate program, [...]