In an effort to spur new-car sales, President Obama has signed into law a program that will allow owners of cars and light trucks rated at 18 mpg or less (EPA combined) to scrap those vehicles in exchange for $3,500 or $4,500 credits toward the purchase of more fuel-efficient new vehicles. The program isn't scheduled to be finalized until July 23rd, but it appears most of the eligibility requirements have been worked out.
As a participant of the Car Allowance Rebate System, more commonly know as “Cash for Clunkers”, New Smyrna Chevrolet, Chrysler, Jeep and Dodge, Your Little Cheaper Dealer, http://www.newsmyrnachevy.com, http://www.newsmyrnachrysler.com, located in Central Florida just south of Daytona Beach, would like to assist any potential participant of this program by providing some basic rules to see if you are eligible to take part;
Here are the rules for the "trade-in" vehicle:
• Must be in drivable condition
• Must have been continuously insured and registered in the same owner's name for the one-year period immediately prior to the trade in
• Must have been manufactured not earlier than 25 years before the date of trade in (some 1984 and 1985 model year vehicles won't qualify; see the manufacturing date on the driver's side door or door frame)
• Must have a combined fuel economy value of 18 miles per gallon or less (work trucks don't have a maximum fuel economy requirement, but must be model year 2001 or older)
While there's no value limitation included in the requirements, the max credit is $4,500 and the car has to be scrapped.
Here are the rules for the new vehicle:
• If you want to buy a car, you can scrap most any car, truck, SUV or van. If the fuel economy improvement is 4 mpg or greater, the credit is $3,500. If the fuel economy improvement is at least 10 mpg, the credit is $4,500. (The new car has to have a minimum combined fuel economy of 22 mpg.)
• If you want to buy an SUV, minivan or non-full-size pickup truck, you can scrap most any car, truck, SUV or van. If the fuel economy improvement is 2 mpg or greater, the credit is $3,500. If the fuel economy improvement is at least 5 mpg, the credit is $4,500. (The new car has to have a minimum combined fuel economy of 22 mpg.)
• If you want to buy a full-size pickup or large van, you have to scrap one or the other. If the fuel economy improvement is 1 mpg or greater, the credit is $3,500. If the fuel economy improvement is at least 2 mpg, the credit is $4,500. Alternately, you can trade a qualifying "work truck" for a $3,500 credit. (The minimum combined fuel economy for the new car is 15 mpg.)
• If you want to buy a work truck, you must trade-in a qualifying work truck for a $3,500 credit.
New Smyrna Chevrolet, Chrysler, Jeep and Dodge, Your Little Cheaper Dealer, is proud to serve all of Central Florida’s automotive needs including New Smyrna Beach, Edgewater, Oak Hill, Sanford,
Deland, Deltona, Debary, Port Orange, Ponce Inlet, Wilber by the Sea, Daytona Beach Shores, South
Daytona, Daytona Beach, Holly Hill, Ormond Beach, Ormond by the Sea, Flagler Beach and Palm Coast.
We have one of Volusia County’s the largest new and used car inventory. Our Service department services all makes and models, including oil changes, Transmission service, Tires, Brakes and routine maintenance.
Call us today!
Sales: 1-800-347-5252
Service and Parts: 1-877-463-9769
http://www.newsmyrnachevy.com
http://www.newsmyrnachrysler.com
1919 N. Dixie Freeway
New Smyrna Beach, FL 32168
Hours
Monday: 9:00 AM - 8:00 PM
Tuesday: 9:00 AM - 8:00 PM
Wednesday: 9:00 AM - 8:00 PM
Thursday: 9:00 AM - 8:00 PM
Friday: 9:00 AM - 8:00 PM
Saturday: 9:00 AM - 8:00 PM
Sunday: 11:00 AM - 6:00 PM
