What is the “Cash for Clunkers” Car Allowance Rebate System?

President Obama signed into law a program called the Car Allowance Rebate System (CARS) also known as Cash for Clunkers. This is a federal program that helps you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle.


CARS Program Rollout:

June 24, 2009
Bill Signed into Law

July 24, 2009
Program Implementation

November 1, 2009
Program Ends



How Do I Qualify for the CARS Program?

  • The car is titled in your name and has been for the last year 

  • The car is registered in your name and has been for at least the last year 

  • The car has been continuously insured for the last year 

  • The trade-in car is in drivable condition 

  • Your vehicle must be less than 25 years old on the trade-in date  

  • Trade-in vehicles must get 18 or less MPG. Go to www.fueleconomy.gov/feg/findacar.htm

  • Some very large pick-up trucks and cargo vans have different requirements

  • You have not previously participated in the CARS program 

What are the Limitations on the Car I Purchase?

  • The program does not apply to the purchase of used vehicles 

  • You may lease a new vehicle provided the lease period is at least five years 

  • The manufacturer's suggested retail price cannot exceed $45,000 

  • New autos must have a combined fuel economy value of at least 22 miles per gallon. Go to www.fueleconomy.gov/feg/findacar.htm

  • Different fuel economy requirements apply for work trucks

  • For more detailed and up to date information visit the Official Government CARS site at http://www.cars.gov.


IF YOUR TRADE-IN AND NEW VEHICLE PURCHASE DO NOT QUALIFY FOR THE CARS PROGRAM …

THEN DONATEACAR.COM IS YOUR NEXT BEST OPTION!

You can still upgrade to a more fuel efficient vehicle without the CARS Program limitations by donating your old car:

   
  • It’s tax deductible, 

  • Fast & free pick-up,

  • Feel great about supporting a charity, and

  • Get a complimentary 3-vacation voucher with your donation!

 

Top 10 Reasons to Donate Your Car: 

  • Donateacar.com has none of the limitations that the CARS program has! 
  • You won’t continue to pay registration fees, property taxes and insurance premium on your old vehicle.
  • Your car will be towed away free of charge.
  • Your donation will help reduce air pollution.  
  • Get a complimentary 3-vacation voucher with your donation.
  • We are the oldest, largest and most trusted vehicle donation processing center in the country.
  • Our donation process is quick and convenient.
  • The money raised through car donations funds much needed non-profit community services that would not be possible without the support from generous donors like you.
  • You qualify for a tax deduction if you itemize your taxes.  
  • YOUR CAR DONATION CAN HELP SAVE LIVES AND THE ENVIRONMENT.
 
     

     
 
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