I found a very funny bit over at theOnion about Cash for Clunkers so I thought I would share.
Cash for Clunkers Lives On
So the money went fast, very fast and with a lot of confusion too. But now President Obama has signed a bill to add another 2 billion dollars in emergency funds to the program.
The additional funds come less than a week after confusing and conflicting messages about the program’s possible termination from the White House and the Department of Transportation. The latest action by the Senate makes it clear that the government wants to see the highly popular program continue. The money will be taken from part of the $787 billion stimulus package approved earlier this year.
Great news for consumers and auto recyclers – keep this program rolling!! I like to see stimulus money spent this way instead of lining the pockets of fat-cat execs.
Important Info for Cash for Clunkers Program
There is has been a lot more information released on the CARS.gov site and here are some very important points to remember.
- 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.
Breaking News Cash for Clunkers – CARS
There is lots of new information posted on the CARS site and we will be looking through it and offering opinions shortly.
Consumers Bill of Rights:
- Qualified consumers may participate in the CARS Program between July 1, 2009 and November 1, 2009 until authorized funds are no longer available.
- Qualified consumers will receive a credit of $3,500 or $4,500 for an eligible trade-in toward the purchase or lease of an approved vehicle under the CARS Program.
- Qualified consumers will receive the $3500 or $4,500 at the time they purchase their new vehicle.
- Consumers are eligible for any other advertised rebates or discounts in combination with the credit they receive through the CARS Program.
- Consumers should expect to conduct their deals at their dealership of choice, not on the internet.
- Consumers should expect the dealer’s to provide their best estimate of the scrap value for their eligible trade-in vehicle.
- Consumers should expect that all information collected through the CARS Program will be kept confidential.
Getting Rid of your Old Car
If you have an old car and you want to get rid of it in an eco-friendly way then look no further than your local member of the www.GreenVehicleDisposal.com network.
They have created the first national brand of accredited auto recyclers, whose harmonized focus is the responsible recycling of End of Life Vehicles thereby working toward a sustainable environment to be enjoyed by generations to come. You even have the option to donate the proceeds to any charity you desire. So it gives you two chances to feel good about your decision.
What is CARS
Recently, President Obama signed into law a program the National Highway Traffic Safety Administration (NHTSA) is calling the Car Allowance Rebate System (CARS) formerly referred to as ‘cash for clunkers’. This is a federal program that helps you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle. See the Frequently Asked Questions over at www.CARS.gov for more details. So far everyone in the industry is very excited about this program but we will wait to see the final details till deciding how revolutionary it really is.
Welcome to my Cash for Clunkers Blog
Hi and thanks for visiting us! This blog is for news, commentary, general information and discussion about everything having to do with the cash for clunkers program, now know as CARS (Car Allowance Rebate System). I have been in the auto industry for over 11 years and am a huge supporter of all initiatives that encourage eco-friendly recycling of cars. Please feel free to contribute to all posts via commenting. We are eagerly awaiting the final details due out at the end of July.


