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Car Allowance
Rebate System (CARS) is a government program that helps you purchase a
new, more fuel efficient vehicle when you trade in a less fuel efficient
vehicle. You may be eligible to receive up to $4,500 for your trade vehicle!
Important Things to Know
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
Program runs through Nov 1, 2009 or when the funds are exhausted, whichever
comes first.
The program requires the scrapping of your eligible trade-in vehicle, and
that the dealer disclose to you an estimate of the scrap value of your trade-in.
The scrap value, however minimal, will be in addition to the rebate, and not in
place of the rebate.