so with the cash for clunkers law to be (supposedly) signed into law soon, here are a few of the rules
Posted by
tRuMaN (aka Truman)
Jun 25 '09, 06:59
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What Qualifies, What Doesn't
The ideal vehicles the government considers clunkers and would like to give you cash to get rid of: the millions of mid 90's SUV's still on the road...along with fulll size pickup trucks from the 80's and 90s, many of which get only 13 mpg.
You can receive a voucher for $4,500 if your new car gets 10 miles more per gallon than your old car. If your new car gets between 2 and 9 miles per gallon more, then you qualify for a $3,500 voucher.
The key provision: The old car must get 18 mpg or less, according to the EPA.
* For that reason, most small and midsized cars won't qualify. No Ford Escorts, Chevy Cavaliers, Dodge Neons, Toyota Corollas, or other small cars commonly considered "clunkers" need apply: their EPA mileage numbers are too high.
* In addition, it must be a 1984 model or newer, which prevents junking "classics," like early Mustangs and Camaros.
* One other caveat: The car must have been insured for the past year, which prevents scavengers from running to salvage lots and turning in junkyard cars for money.
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