Congress just passed the “Cash For Clunkers” incentive that would give new car owners $4500, after trading in their old vehicle. This is great new program that many of us can benefit from. Hopefully even jump start the auto industry. The main requirements are as follows:
1) Trade-in vehicle must be 18 miles per gallon or less.
2) Trade-in vehicle must have been built in 1984 or after.
3) Registered owner must have had the trade-in car for more than a year.
4) New car must be 22 miles per gallon or more.
5) New car must be under $45,000
Comments
Adam
June 19th, 2009 - 1:05:45 PM
does it have to be a new car? or can i buy a used-vehicle (that matches the above guidelines)
1
Yosef Solomon
June 19th, 2009 - 1:53:37 PM
That's a good question... I think it has to be new though because they are trying to get rid of inventory as soon as possible.
2