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Monday
Jun222009

"Cash for Clunkers" up to $4500 for your old car.

Some time in July the "Cash for Clunkers" program will go into effect. Officially it is called "C.A.R.S" or Cash Allowance Rebate System and can be found at cars.gov

Currently President Obama plans to end the Cash for Clunkers or Cash allowance rebate system on November 1st 2009. The amount of the credit is $3,500 or $4,500, and generally depends on the type of vehicle you purchase and the difference in fuel economy between the purchased vehicle and the trade-in vehicle. Different requirements apply for work trucks. The law requires your trade-in vehicle to be destroyed. Therefore, the value you negotiate with West Herr for your trade-in vehicle is not likely to exceed its scrap value. West Herr will give you the estimated scrap value before you take the program just in case the vehicle value exceeds the scrap value.

Buffalo NY Cash for Clunker Rebate ProgramBeing the largest dealer group in New York and Buffalo, we are a participating dealer and the best place to take advantage of the program. Here are the rules so far.

  • Can only be used on New Car Purchase or Lease
  • Your vehicle must be less than 25 years old on the trade-in date
  • Only purchase or lease of new vehicles qualify.
  • 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, West Herr will apply a credit at purchase.
  • The program is not does not apply retroactively, only on new transactions after the law takes effect. 
  • If you need help understanding the program call us

Currently President Obama plans to end the Cash for Clunkers or Cash allowance rebate systemon November 1st 2009. We will keep you posted. The amount of the credit is $3,500 or $4,500, and generally depends on the type of vehicle you purchase and the difference in fuel economy between the purchased vehicle and the trade-in vehicle. Different requirements apply for work trucks. The law requires your trade-in vehicle to be destroyed. Therefore, the value you negotiate with the dealer for your trade-in vehicle is not likely to exceed its scrap value. West Herr will tell you the estimated scrap value before you take the program. 

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Reader Comments (1)

As a newbie, I am always searching online for articles that can help me.

Thank you for sharing this !

September 30, 2009 | Unregistered CommenterCash Advance

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