Cash For Clunkers: Earn $4,500 For Your Gas Guzzler

Cash For Clunkers: Earn $4,500 For Your Gas Guzzler

If you trade your old vehicle for one that gets better mileage the government could provide you with federal vouchers of up to $4,500. An addition to the $106 billion dollar wartime spending bill, the Cash for Clunkers provision is an attempt to get gas-guzzlers off the road.

If you own a car that’s bought after 1984 that gives you 18 miles to the gallon or less, you’re good to go. For a trade with a car that gives you 22 mpg, you get $3,500. But you’d get $4,500 if the new car is 10 mpg higher in fuel efficiency.

So who qualifies?

  • 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
  • It needs to be worth less4,500
  • You cannot trade it in for a car that costs more than45,000

via Cash For Clunkers: Earn $4,500 For Your Gas Guzzler.

Post to Twitter

Share

Filed Under: Transportation

RSSComments (2)

Leave a Reply | Trackback URL

  1. OPS_admin says:

    Correct karenc. I donated an old pickup to Salvation army several years ago. They towed it away

  2. karenc says:

    If your car doesn’t qualify for a voucher, you can get a tax deduction by donating it to charity. You can select from a very large list of charities to benefit at Cars4Charities. Call 866.448.3487 or go to http://www.cars4charities.org.

Leave a Reply

You must be logged in to post a comment.

  • Thom’s Blog
    Thom plus logo

    If we don't change our ways soon...

    A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."
    This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.
    And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.
    -Thom
    (Is there any chance we will learn in time? Tell us here.)
  • LEGALIZE Democracy

    " We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________

    MOVE to AMEND

    a project of the CAMPAIGN TO LEGALIZE Democracy

    Help end Corporate personhood