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Consumers can take advantage of the recently-passed Car Allowance Rebate System, also known as the "cash-for-clunkers" program, which allows drivers who trade in older, less-efficient vehicles for those with greater fuel economy to receive as much as $4,500 in credit from the federal government. Package includes stories and photos.
Consumers are finally showing the kind of interest in car-buying that auto dealers haven't seen in months. The reason is cash.
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We have a son starting college, and he needs a vehicle. The economic-stimulus package does provide a tax break for people who buy new cars between February 17, 2009, and December 31, 2009. The new deduction does not apply to used-car purchases.
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Q: Will my pickup truck, SUV or minivan qualify for the Cash for Clunkers program? A: Cars aren't the only qualifying vehicles for the Cash for Clunkers program, which gives you a $3,500 or $4,500 credit toward a new vehicle when you turn in your older, fuel-inefficient vehicle.
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Q: Do manufacturer rebates and incentives apply on top of the Cash for Clunkers credit? A: Cash for Clunkers program has no impact on an automaker's cash-back or low-interest incentives. The Cash for Clunkers program offers a $3,500 or $4,500 credit toward a new vehicle when you turn in your older, fuel-inefficient vehicle. © 2009, Cars.com.
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If you've got an older, fuel-inefficient car, you're probably wondering how the newly approved Cash for Clunkers law can help you out. Ground rules: First, the vehicle you trade in must have a combined EPA gas mileage rating of 18 mpg or below.
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Joe Fitzpatrick has thought about replacing his 13-year-old Buick for months, but might hold off a little longer to take advantage of a new government program that will give him as much as $4,500 to trade in an aging gas-guzzler for a new, more fu...
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2009 Ford Focus Coupe profile image
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Chart showing two-year trend in U.S. gasoline prices.
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