Cash for Clunkers is available now at Cowboy Dodge!
That old car collecting dust in the driveway could be worth some serious cash. In June, Congress passed a new law called CARS (Cash Allowance Rebate System), this allows you to cash in your older gas-guzzling vehicle for a new, more efficient one. Eligible consumers are able to receive a rebate from the U.S. Government for up to $4,500 toward the purchase of a new, more fuel-efficient vehicle before November 1, 2009 .
Things to know
-Your vehicle must be less than 25 years old on the trade-in date
-Only purchase of new vehicles qualify ($3,500 or $4,500 rebate depending on trade-in)
-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.
NOTE: Your vehicle trade-in may be worth more than this program, please contact us if you have any questions.
For more information on this new program and to see frequently asked questions along with official legislative information, visit cars.gov. To see if your vehicle is eligible for this program, visit fueleconomy.gov or see your local participating dealer for further details.
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