Cash For Clunkers

Cash for Clunker Car list

2009-08-05T12:23:00.008-04:00

As the details and numbers roll in for the Cash for Clunkers program, the top car traded is none other than the Ford Explorer. Of the top 10 cars trade in, six of them are Ford Explorer from different model years, according to data collected by the Department of Transportation and reported by the Jalopnik automotive blog.
Some of the other clunker cars include the big Ford F-150 and Chevrolet C1500 pickups, the Chevrolet Blazer SUV, the Jeep Cherokee and Grand Cherokee, plus the Dodge Caravan and Ford Windstar minivans.

The demise of the Ford Explorer most likely has to do with Gas prices rising and SUV's being gas guzzlers. On the opposite end of the Cash for Clinkers program, the most-purchased new car was the Ford Focus, which gets an average of 28 mpg.

Cash For Clunkers Requirements

2009-08-01T01:14:00.003-04:00

The Cash for Clunkers stimulus bill has become a major success. The rebate program has done so well it almost ran out of funds. Congress had to inject two million dollars of budgeted money for renewable energy research to the car incentive program. This is great news for the US economy and will it help boost the economy.

The program gives consumers up to $4500 to buy a new fuel efficient car when they trade in an old gas guzzler. Here are the requirements for The CAR Allowance Rebate System (CARS):

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.

Consumer Bill of Rights:

Qualified consumers may participate in the CARS Program between July 1, 2009 and November 1, 2009 or when 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 of lease of an approved vehicle under CARS Program.
Qualified consumers will receive the $3,500 or $4,500 credit at the time the purchase their new vehicle.
Dealers must provide consumers with any other advertised rebates or discounts in addition to 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 dealers to provide their best estimate of the scrap value for their eligible trade-in vehicle. Dealers are allowed to deduct $50 from this value for their administrative costs.
Consumers should expect that all information collected through the CARS Program will be kept confidential. Social Security numbers are not required for a CARS transaction.

Download the PDF

Cash For Clunkers Qualifying Cars

2009-07-30T02:06:00.006-04:00

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: http://www.fueleconomy.gov. 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

2009-07-28T02:03:00.000-04:00

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

2009-07-28T01:18:00.000-04:00

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

2009-07-25T13:01:00.000-04:00

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'

2009-07-23T13:12:00.000-04:00

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

2009-07-01T11:10:00.007-04:00

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.

Click Here to Read this Ebook