Car Allowance Rebate System (CARS) - Cash for Clunkers Bill
The purpose of the bill is to remove older, inefficient cars from the road, and stimulate the auto industry, which has fallen on hard times. A similar program recently occurred in Germany and was very successful. Do your old Clunker qualify?
To be eligible for a voucher, the car must be in running order and meet the following criteria:
Car must be at least 10 years old and have been made after 1984.
Trade-in must get 18 mpg or less in combined highway and city driving.
Must be registered and insured in purchaser’s name for 1 year prior to trade-in.
For more details check out this site. <no links please!>
If you qualify, what new cars are you looking to buy? Do you think the plan will work?
the cashback isnt enough for me to be able to afford a NEW hybrid car. I cant afford the whole lump sum, and if I somehow miracoulsly get financing, I cant afford the insurance. Im stuck with my car, gas guzzling and all. Im not a jerk, I truly cant get anything else.
Umm, none of my business of course, but why it has to be new and hybrid?
And if I remember correctly, you live sort of in the middle of nowhere, so may be the truck IS the best option for you?
We had been shopping around for a car last few weeks ,and I am amazed how much money they (car sales) are asking for used cars.
They are not trying real hard to sell them either !!just dont make sense to me, guess Im not the only one , cuz wasnt any driving outta the lot in the time we were there.
by maven1017 years ago
A clunker that travels 12,000 miles a year at 15 mpg uses 800gallons of gas a year.A vehicle that travels 12,000 miles a year at 25 mpg uses 480gallons a year.So, the average Cash for Clunkers transaction will reduce US...
by nicomp really7 years ago
Presenting 3 points to support both sides of the issue.Pro:1. The auto industry is hurting. People aren't buying new cars. Dealerships are closing and cutting back. Cash for Clunkers (C4C) encourages consumers to...
by TimTurner7 years ago
In another failed government attempt, the Cash For Clunkers program was billed as an environmental initiative. It turns out that almost one-third of the $3 billion deals made were swaps of old trucks/SUVS with new...
by TimTurner5 years ago
The stock market has risen about 15% in the last 3 months and about 80% in the last 8 months. Seriously?We are still losing close to 200,000 jobs a month and small businesses are hurting. The economic data...
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