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Cash For Clunkers

This is a new program by the federal government where american drivers are givne the chance to purchase newer and more efficient cars. You can trade in your old inefficient cars for a new one that has a better gas mileage and emit less pollution and the government is going to pay the consumers to make the switch. How much? You get paid up to $4,500 depending on what car you are trading in and the car you are buying. If the new car will get 4 to 9 mpg more than your old car, the uncle sam will pay you $3,500 but if your new car will get at least 10 mpg that the old one, you will get $4,500. The money you will get is applied to the price of your new car meaning the car dealer discounts the government rebate from the price of the car you are buying. The car dealer will in turn be refunded by the government. So if you are thinking of buying a new car, take a look at the cash for clunkers program first if you are qualified to get this huge savings.

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