So car buyers are exhausting $3 billion allocated to the Car Allowance Rebate System (CARS.) The government announced that this so-called Cash For Clunkers program will shut down on Monday 08-24-09.
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With the overwhelming popularity of the Cash for Clunkers program, the government is making a number of changes to the Car Allowance Rebate System (CARS.) Here are a number of updates for those who still want to take advantage of this program.
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The Cash for Clunkers program is in full force. Here’s what dealers do to the clunkers they received in the trade-ins to destroy their engines before sending them to the scrapyards.
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Today I caught an interesting debate between Lauren Fix and Geoffrey Pohanka on the status and success/failure of the Car Allowance Rebate System (CARS) or Cash For Clunkers program. CNN brought them on as part of its coverage of the first anticipated depletion of the one billion dollars allocated to CARS after just 5 days.
Some cars’ combined mpg has magically increased or decreased over the weekend. So why is that important you ask? Well for those who thought their old cars qualify for the Car Allowance Rebate System (CARS) or Cash For Clunkers program last week, they found out over the weekend that they now no longer qualify!
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Secretary of Transportation Ray LaHood on the Car Allowance Rebate System (CARS,) or “Cash for Clunkers” program. It’s all about moving cars out of the showrooms, and the net result will be to help stimulate jobs in the U.S.
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The CARS final rule has been published to set forth requirements and procedures for the voluntary vehicle trade-in and purchase/lease program under the Consumer Assistance to Recycle and Save Act of 2009. This program helps consumers pay for a new, more fuel efficient car or truck from a participating dealer when they trade in a less fuel efficient car or truck.
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New smart fortwo buyers can get maximum rebate from Cash For Clunkers program, regardless of traded-in car. The EPA has listed the smart fortwo as the top two-seater class for fuel economy for the 2009 model year. CleanFleetReport.com has the smart on its list of New Cars that Already Meet 2016 Fuel Economy Standards.
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The Car Allowance Rebate System (CARS,) or “Cash For Clunkers” program is the federal program that helps consumers purchase a new, more efficient vehicle when an older, less efficient vehicle is traded in. Expect dealer showrooms to have increased traffic between now and November 1, and fewer polluting cars on the roads. But there are downsides as well.
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