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Cash For Clunkers and CARS questions answered!

From Banovsky, Featured Contributor
Posted on July 1, 2009
Filed under Government, Industry, Green, Mileage, News, Feature, Misc, Advice , Link, Discussion, 2009, vLane, Cash for Clunkers, MPG, Car Allowance Rebate System, CARS

With President Obama having signed the Cash for Clunkers (official name: Car Allowance Rebate System) into law, there are a huge number of questions before the program takes effect before July 27, 2009.

2009 cash for clunkers bill obama

It might be time to trade up…

To start: it may be a good idea to take your old, beaten used car off of that eBay auction. With a maximum of $4500 in cash available to eligible new car buyers, you need to prove to the government that you've owned your car for over a year.

Other points are that your vehicle must be less than 25 years old, your old car should get less than 18 mpg, and that you don't need a special voucher — dealers will take care of the paperwork for you.

View our official Cash for Clunkers rebate program discussion for the latest information.




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Banovsky is a featured contributor for vLane.
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