Topics covered relate to cash for clunkers program. Highlights include list of eligible cars, loopholes and tactics to profit from the program. This blog predicts that the program may run out of money. The winners will be the car industry, the consumers who will turn their cars before the program runs out of money. The potential losers would be the tax payer as a whole, as it is not clear that this program will be a positive sum game.

Thursday, July 30, 2009

5 Important Things to Know about the CARS Program

5 Important Things to Know the CARS Program (some very large pick-up trucks and cargo vans have different requirements with respect to 4)

1. Vehicle must be less than 25 years old on the trade-in date (easy to pass)
2. You need to purchase or lease a new vehicles to qualify
3. Trade-in auto must get 18 or less MPG
4 Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in.
5. Dealers will apply a credit at purchase. We read that there are coupons
to that one can print, and get further discounts. We plan to post them here.


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