Cash for Clunkers Eligible Vehicles

"Cash for Clunkers." A lot of Americans have been hoping their old cars (or trucks or other vehicles) were eligible for a fat government rebate if they traded them in under the new program -- and some of them have been unpleasantly surprised.

The U.S. government invests a billion dollars to buy "clunker cars."The program is off to a fast start. In less than a week, 8,000 cars have been traded in for new ones -- deals that might not have happened if Washington were not offering people $3,500 to $4,500 to get their aging gas guzzlers off the road.

But does the old heap in your driveway qualify? And what do you get if it does? Turns out, under standards implemented by the Environmental Protection Agency, cars that might have qualified for the program a few weeks ago may no longer meet the payout qualifications.

Read Full Article from ABC News

- Posted: 2009-07-29 13:42:25

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