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A car allowance (another term for the "Cash for Clunkers" program) allows buyers of new cars to trade in their older, less-fuel efficient vehicles for new, fuel-friendly cars. The program gives $3,500 to $4,500 for older cars. This program is for literal clunkers since it would not make sense to use this car allowance for vehicles that are worth more than the car allowance amount.
The CARS program, or Cash for Clunkers as it is commonly known, offers an economic incentive for people with older, less-fuel-efficient cars to trade in their vehicle for a new vehicle with better fuel efficiency. The aim of the program was to reduce harmful emissions and gasoline consumption, and boost the U.S. economy. Not every car is eligible for trade-in, and not just any car can be purchased with the rebate money.
If you have a beast or two sitting in your driveway, determine whether to donate cars instead of doing the Cash for Clunkers program. The CARS (Car Allowance Rebate System), better known as Cash for Clunkers, details which cars qualify for the Cash for Clunkers program and which don't. And your individual situation will dictate whether donating or doing the government's Cash for Clunkers is a better option for you.
The house and senate have both approved the bill for Cash to Clunkers Rebates for American automobile consumers. This rebate is suppose to rid the road of those old gas guzzling beasts that some people are still driving and put more economically fuel efficient cars on the highway. This will not only help out the automobile industries by selling more cars, it will also help our environment by reducing carbon emissions. If you are thinking of buying a new car, and trading in that old one, you could qualify to get between $3500-$4500 from the United States Government to do…
