“If the trade-in is a qualifying ‘clunker,’ then we will add to the government’s rebate for a total savings up to $9,000. We call it ‘Double Ca$h for Your Old Car.’”
The Administration established the CARS program to help consumers replace older, gas guzzling vehicles with new, more fuel-efficient vehicles and to help stimulate the national economy.
The government credit is $3,500 or $4,500 depending on the amount of fuel economy improvement between the old and new vehicle.
Important points for consumers to know about CARS include the following:
• Vehicle must be less than 25 years old on the trade-in date
• Only new vehicle purchases qualify
• Generally, trade-in vehicle must get less than 18 mpg and new vehicles must meet certain fuel economy requirements
• Trade-in vehicle must be registered and insured continuously for the full year preceding the trade-in date
• The program ends Nov. 1, 2009 or when the government funds are exhausted (whichever comes first)
“Many drivers want a fuel-efficient new vehicle,’” Martinez said. “But, some customers are discovering their old vehicle doesn’t guzzle enough gas to meet the government’s ‘clunker’ guidelines.”
Town & Country Chrysler Jeep in Milwaukie, OR, is offering $3,500 or $4,500 savings on most 2009MY new Chrysler, Jeep® vehicles. Customers are not required to trade-in a ‘clunker’ to benefit from this savings. However, if customers do have “clunkers,” they can save up to a total of $9,000 off eligible new vehicles.
Consumers can learn more about the CARS program at http://www.cars.gov/ or by calling the U.S. Department of Transportation’s information hotline at 866-(CAR)-7891.
The staff at Town & Country Chrysler Jeep is available to provide estimates on the value of trade-in vehicles and answer individual questions about the program.
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