Our government is trying......at least we can say that! Well, the "Cash for Clunkers" bill passed the Senate today and is on the way to Obama's desk to be signed. It will begin one month after he signs it and last until November 1.
You get $3500 if the car you are trading in get 18 mpg or less and you are buying a NEW car that gets 22 mpg or better. You get $4500 if you are buying a car that gets at least 10 mpg better than your trade-in.
If you drive an SUV, truck, or minivan, It's a little different. You will get $3500 if your trade-in gets 18 mpg or less and you are buying a NEW vehicle that gets at least 2 mpg better. It gets bumped up to $4500 if the new car gets 5 mpg or better than your trade-in.
The dealers has to prove that your "clunker" was crushed or shredded to get the gas guzzler off the road. I'm sure there will be other restrictions. Stay tuned.
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