The “Cash For Clunkers” Or Car Allowance Rebate System (CARS)
August 1st, 2009 Posted in News | No Comments »The Cash for Clunkers Bill or as it is known by its official name the Car Allowance Rebate System and for short (CARS) is a $ 1 billion government program that helps the consumer 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 be boosting auto sales and to put safer, cleaner and more fuel-efficient vehicles on the road.
The public 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 gas hog and purchase or lease a new more fuel-efficient one.
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