“Cash For Clunkers”

Barack Obama President Obama Got a clunker? The Federal Government is giving a billion dollars away to help you get rid of it.

by Diana Lucio

Published: Fri, July 10, 2009 - 8:21 pm CST Last Updated: Fri, July 10, 2009 - 8:27 pm CST

A Billion dollar government incentives program aims to help an ailing auto industry, by putting you in a new car.

The program doesn't officially begin until July 24th but the government has been allowing dealerships to honor the rebates since July 1st.
Terry Bell with Eastern Shore Toyota says it won't only benefit the auto industry, it gives customers a bargain.
"Oh it's a huge savings. I mean you're looking at a $100..$125 dollars a month in monthly payments.You saw the Corolla when you came in...it's $13,000 and you could get it down to $8,000 if you have one of these cars that qualify."

So how do you qualify? For one, your vehicle must get no more than 18 miles per gallon.
If that's the case you could get up to $4,500 in cash, only to be applied to a new fuel efficient vehicle.
Your vehicle must also have been insured for at least a year and it can't be older than 25 years old.

The government is still ironing out the details of the program. They want to prevent any abuse or fraud.
The federal agency has tentatively launched a website where you can get further information. You can find it here.

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Mike x51 Says:

Thu, Jul 16, 2009 at 11:11 am

Oh yea? Should I send you my resume because I wasn’t joking. LOL

bobcat Says:

Thu, Jul 16, 2009 at 10:27 am

At least one of those requests could possibly be arranged. lol

Mike x51 Says:

Thu, Jul 16, 2009 at 10:17 am

Hey bobcat, how bout letting me borrow some money? Better yet, teach a man to fish an give be a good paying job. Wish I had a BMW… :-(

bobcat Says:

Thu, Jul 16, 2009 at 10:11 am

I just bought a new 760li and I can’t say enough good things about the car. Absolutely excellent handling and I couldn’t be happier with the new features. IMO.

Mike x51 Says:

Thu, Jul 16, 2009 at 9:48 am

How many miles on the sentra? What options? How did YOU get a sales job?

KxVicious Says:

Thu, Jul 16, 2009 at 9:28 am

Well, Flowerchild, I’m not here to advertise or represent my place of employment, so whenever you’re ready, send a private message my way, and we’ll go from there.

FLOWERCHILD Says:

Thu, Jul 16, 2009 at 8:55 am

KX that does sound like a good deal. I need a good deal but now is not the time. I gotta get the clunker running first and then sell it so I can get me another car.

KxVicious Says:

Thu, Jul 16, 2009 at 8:22 am

My dealership has a really clean 2004 Nissan Sentra for $3950. With taxes and title, it’s about $4100 out the door. I’d call that a good deal.

Mike x51 Says:

Thu, Jul 16, 2009 at 8:04 am

I know. If you want the SS you might aswell go ahead and buy a Corvette.