Cash For Clunkers Rules………….

Posted By on August 13, 2009

The Rules: Which Vehicles Qualify…..

Not all cars are eligible for the “cash for clunkers” program. Full information is available at www.cars.gov.

Trade-ins must:

* Be no older than 25 years, based on manufacture date.

* Have had a combined fuel economy of 18 mpg or less when new.

* Have been registered by the owner for at least one year.

* Have been continuously insured for at least one year.

* Have a clean title with no outstanding loans.

* Be drivable.

New cars must:

* Get at least 4 mpg more than the trade-in to qualify for a $3,500 rebate.

* Get at least 10 mpg more than the trade-in to qualify for a $4,500 rebate.

* Have a manufacturer’s suggested retail price of no more than $45,000.

New trucks and SUVs must:

* Get at least 2 mpg more than the trade-in to qualify for a $3,500 rebate.

* Get at least 5 mpg more than the trade-in to qualify for a $4,500 rebate.

* Have a manufacturer’s suggested retail price of no more than $45,000.

Source: U.S. Department of Transportation.      More……

 

 

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