Cash For Clunkers Qualifying Cars

1) How do I know if my car qualifies for a $3,500 or a $4,500 CARS credit?

Click on this link to get your EPA mileage estimates from the Federal website: Click on this link: If you car gets a combined miles per gallon of 18 mpg or less, you can qualify as long as the car is not more than 25 years old. Your CARS credit amount would then be determined by the new car you purchase. Trucks have different rules.

Summary of Car Allowance Rebate System - Cash for Clunkers Voucher Qualifications

Min. Fuel Economy for New Vehicle $3,500 Voucher $4,500 Voucher
Passenger Car 22 mpg * Mileage improvement of at least 4 mpg Mileage improvement of at least 10 mpg
Light-Duty Truck ** 18 mpg * Mileage improvement of at least 2 mpg Mileage improvement of at least 5 mpg
Large Light-Duty Trucks *** 15 mpg * Mileage improvement of at least 1 mpg or trade-in of a work truck Mileage improvement of at least 2 mpg
Commercial trucks ****

Trade-in must be at least pre-2002
* EPA Combined MPG ** under 6,000 lbs. ***6,000 lbs. – 8,500 lbs. **** 8,500 – 10,000 lbs.

Cash for Clunkers revving up the Auto Industry

The Cash For Clunkers program is giving the economy and boost and things are looking good. The car incentive program is progressing at a fast rate and many are cashing in their clunker for the $4500 rebate to buy new cars.

Cash For Clunkers Program

The Cash for Clunkers system has been overwhelmed. Many are rushing to cash in on their clunker before the money runs out. Car Dealership all over the country are gearing up for more business as the Clunker Program continues to grow.

Cashing in on the Clunker Stimulus

Cash for Clunkers, now officially known as the Car Allowance Rebate System (CARS) — is a federal program passed by Congress and signed into law by President Obama on June 24.The program is meant to encourage consumers to trade in older, less fuel-efficient vehicles for new vehicles that get better fuel economy by providing a credit worth up to $4,500. Modeled after several programs that have already been successfully implemented in Europe, the program is expected to begin on July 23 and end on November 1, 2009.

The federal government, beginning as soon as Friday, has a deal for Burns and others with similar vehicles that meet low fuel economy standards. They'll get a minimum of $3,500 toward the purchase of a new vehicle as part of what's become known as the "cash for clunkers" program.

The $1 billion clunkers program will cover about 250,000 cars nationwide, industry-watchers say.

Senate salvages 'cash for clunkers'

Republicans have lost an effort to kill a $1 billion "cash for clunkers" program that would offer government incentives of $3,500 to $4,500 to consumers who trade in old gas guzzlers for more fuel efficient vehicles.

Car Buying Scams - How to Avoid being Scammed by Dealership

If you're shopping for a car, buyer beware! Car Dealerships overcharge many buyers, and make a killing on sales because they make money on the front and back end. They work you on the payment and there are hidden cost, making you think that you're saving when you're actually not. Many car salesmen are liars and thieves who are just looking to make money. They can be nice and polite, but watch the forms, financing, and terms of purchase, that's where the scams take place.

You can read the following ebook to see how to not get scammed when buying a car. Peter Humlecker, a auto dealership executive, exposes the tricks and scams of car dealerships. Do not enter a dealership showroom without reading this ebook.

avoid car buying scams