The Cash For Clunkers Program Explained

The internet is consumed with information about the new Cash for Clunkers program, signed by President Obama. While some of the information you find may be helpful, most of it will probably be perplexing, engulfing, or even just plain hilarious.I won’t be the recipient of any prestigious awards, but I will attempt to clarify the Cash for Clunkers program. With a shiny price tag of 1 billion dollars, the purpose of this bill is to renovate our roadways by the way of removing older vehicles that pose hardship due to poor fuel mileage, and in turn, boost vehicle sales as well as the economy as a whole. Cash For Cars Sydney

The Consumer Assistance Recycle and Save Act of 2009 (CARS), affectionately referred to by the American public as the Cash for Clunkers program, provides that potential consumers can trade qualifying automobiles for a new vehicle and receive a cash voucher incentive toward the new vehicle price in doing so. What that means for you is that registered 91′ Firebird roosting in your garage could transform into a stout down payment for a new vehicle.The older vehicle will be scrapped, and you can be the owner of a newer, more fuel efficient detail. In all reality, the government has yet to release all the details and explanations to dealer, and there will, inevitably, be a lot of stipulations. However, here’s an overview of the information that we do, presently, know about the Cash for Clunkers program:Ok, so what type of car qualifies as a clunker in the Cash for Clunkers program? The car has to have been made within the last 25 years, and it has to have been registered and for at least a year before you trade it in. Plain and simple, scrap yard piles of steel, which formerly was a car, will not qualify.