Cash for clunkers | Malaysiaminilover

28 Feb 2015 | Author: | Comments Off on Cash for clunkers | Malaysiaminilover
Mitsubishi Diamante Wagon

Cash for clunkers

Cash for clunkers is a program in U.S. for the residents to purchase new car with great rebate when they trade in with any clunkers. It is a colloquial to Car Allowance Rebate System (CARS) . The program was to help people to trade off their less fuel efficient car and exchange with more fuel efficient car as the gas price is keep on rising compared to the past years. Check out the gasoline price history .

CARS program officially started on July 1, 2009 but ended on August 24 in less than 2 months time due to the appropriated resources were fatigued. According to Edmunds, taxpayers paid around US$24,000 per car and only 125,000 out of the 690,000 cars would not have been sold. The total incentives provided to the federal scrappage program were a US$3 billion .

According to report, the most common cars that buyers traded in are the old Ford F150 pickup for new Ford F150 pickups due to fuel economy. The trade-in list follows by big old Jeep Grand, Chevy and Dodge Caravan for big new Silverados and Rams.

Cash for clunkers program stopped due to the appropriate resources were exhausted. However, car buyer who did not qualify for the program still can find some other great deals such as:

Things to know

– The trade-in car or vehicle must be less than 25 years old on the trade-in date. Therefore classic cars or vintage cars are not qualified.

– Applicants do not have to sign any agreement to pay back the CARS credit amount to dealer if the deal or application is rejected.

– The dealer have to give the buyer new car at the time of the deal.

– In general, trade-in cars or vehicle must get less than or equal to 18 MPG (Miles Per Gallon). Check out how much per mile does it cost to drive a car .

– The program will have to scrape the eligible trade-in vehicle or cars.

Top 10 Trade-in clunkers

Ford Explorer 4WD

Ford F-150 pickup 2WD

Jeep Grand Cherokee 4WD

Ford Explorer 2WD

Dodge Caravan/Grand Caravan

Jeep Cherokee 4WD

Chevrolet Blazer 4WD

Chevrolet C 1500 pickup 2WD

Ford F-150 pickup 4WD

Ford Windstar minivan

Ineligible cars to claim cash rebates

1987 Alfa Romeo GTV

1987 Alfa Romeo Milano

1987 BMW 5 Series

1987 Chevrolet S10 Blazer 2WD

1987 Dodge Caravan/Grand Caravan/Ram Van 2WD

1987 Dodge Shadow

1987 Ford Aerostar Van

1987 Ford LTD Crown Victoria

1987 Ford LTD Crown Victoria Wagon

1987 GMC S15 Jimmy 2WD

1987 Lincoln Continental

1987 Lincoln Mark VII

1987 Lincoln Town Car

1987 Mercury Grand Marquis

1987 Mercury Grand Marquis Wagon

1987 Plymouth Sundance

1987 Plymouth Voyager/Grand Voyager 2WD

1987 Plymouth Voyager/Grand Voyager 2WD

1987 Porsche 944

1987 Toyota Truck 4WD

1988 Mazda 929

1988 Peugeot 505 Sedan

1988 Peugeot 505 Sedan

1988 Toyota 4Runner 4WD

1989 Mazda 929

1989 Peugeot 505 Sedan

1989 Porsche 911 Carrera

1990 Audi 80 Quattro

1990 Dodge Caravan/Grand Caravan/Ram Van 2WD

1990 Plymouth Voyager/Grand Voyager 2WD

1990 Saab 9000

1990 Toyota 1-Ton Truck 2WD

1990 Toyota Truck 2WD

1991 Audi 80 Quattro

1991 Dodge Caravan/Grand Caravan 2WD

1991 Dodge Ram 50 Pickup 2WD

1991 Lexus ES 250

1991 Mitsubishi Truck 2WD

1991 Plymouth Voyager/Grand Voyager 2WD

1991 Toyota Camry

1991 Toyota Camry Wagon

1992 Acura NSX

1992 Dodge Caravan/Grand Caravan 2WD

1992 Dodge Ram 50 Pickup 2WD

1992 Jeep Cherokee 4WD

1992 Jeep Comanche Pickup 4WD

1992 Mitsubishi Truck 2WD

1992 Plymouth Voyager/Grand Voyager 2WD

1992 Saab 900

1992 Saab 900

1993 Dodge Ram 50 Pickup 2WD

1993 Dodge Stealth

1993 Jeep Comanche Pickup 2WD

1993 Mitsubishi 3000 GT

1993 Mitsubishi Truck 2WD

1993 Toyota Camry

1993 Toyota Camry Wagon

1994 Mazda B2300/B3000/B4000 Pickup 2WD

1994 Mazda MPV

1994 Mitsubishi Diamante Wagon

1994 Volkswagen Corrado SLC

1995 Kia Sportage 2WD

1995 Mazda MPV

1995 Toyota Tacoma 2WD

1996 Jeep Cherokee 2WD

1996 Nissan Truck 2WD

1996 Toyota Supra

1996 Volkswagen Jetta GLX

1997 Chrysler Concorde

1997 Chrysler New Yorker/LHS

1997 Dodge Intrepid

1997 Eagle Vision

1997 Kia Sportage 4WD

1997 Mercedes-Benz C3 AMG

1997 Nissan Truck 2WD

1997 Toyota Supra

1997 Toyota T100 2WD

1997 Volkswagen Jetta GLX

Check out more at about cash for clunkers.

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