The Next Cash for Clunkers program

Don’t miss the next Cash for Clunkers program
 
Aug. 24, 2009 - PRLog -- The Cash for Clunkers 2009 program was signed into law by President Obama on June 24, 2009 with a goal of encouraging consumers to trade in older, less fuel-efficient vehicles for new vehicles that get better fuel economy by providing a credit of either $3,500 or $4,500. There are also credits available for some very large vans, SUVs and pickup trucks irrespective of their fuel economy. Modeled after several programs that have already been successfully implemented in Europe, the Cash for Clunkers program was originally supposed to end on November 1, 2009 (or the date the funds allocated to the program were exhausted). However, the government has decided to end the program on August 24, 2009 due to concerns that the program is running out of money. Congress may consider another program in the future.

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