CARS-Cash for Clunkers Stimulus 2009 Car Allowance Rebate System

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What is the Car Allowance Rebate System?
http://www.cars.gov/

TheCAR Allowance Rebate System (CARS) is a $1 billion government program that helps consumers buy or lease a more environmentally-friendly vehicle from a participating dealer when they trade in a less fuel-efficient car or truck. The program is designed to energize the economy; boost auto sales and put safer, cleaner and more fuel-efficient vehicles on the nation's roadways.

Starting on July 27, consumers will be able to take advantage of this program and receive a $3,500 or $4,500 discount from the car dealer when they trade in their old vehicle and purchase or lease a new one. Consumers you do not need to register anywhere or at anytime for this program. However, to find out eligibility requirements click here.

What is NHTSA doing to guard against fraud? Click here for more information. Allegations of fraud may be reported by calling our toll-free 24-hour hotline at 1-800-424-9071.

Important guidelines:

• Your vehicle must be less than 25 years old on the trade-in date
• Only purchase or lease of new vehicles qualify
• Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements)
• Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in
• You don't need a voucher, dealers will apply a credit at purchase
• Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.
• The program requires the scrapping of your eligible trade-in vehicle, and that the dealer disclose to you an estimate of the scrap value of your trade-in. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate.

• Qualified consumers may participate in the CARS Program between July 1, 2009 and November 1, 2009 until authorized funds are no longer available.

• Qualified consumers will receive a credit of $3,500 or $4,500 for an eligible trade-in toward the purchase or lease of an approved vehicle under the CARS Program.
• Qualified consumers will receive the $3500 or $4,500 at the time they purchase their new vehicle.
• Consumers are eligible for any other advertised rebates or discounts in combination with the credit they receive through the CARS Program.
• Consumers should expect to conduct their deals at their dealership of choice, not on the internet.
• Consumers should expect the dealer's to provide their best estimate of the scrap value for their eligible trade-in vehicle.
• Consumers should expect that all information collected through the CARS Program will be kept confidential.

Tags:
ash for clunkers, cash for clunkers chrysler, cash for clunkers honda, www.cars.gov, cash for clunkers nissan

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