Are you confused by the new Cash for Clunkers registration working its way through Washington, D.C.? Cars.com tackled the final version of the bill and has broken down all you need to know if you’re interested in turning in your clunker for a credit on your new-car purchase.
Cars.com Guide to Cash for Clunkers
More news on Cash for Clunkers
Previous
Subscribe to our feed
Email us your tips!
So where does it say in the legislation that the car being traded in has to be owned by the person buying the new car? If my wife wants to trade in a qualifying car insured and registered in her name for the past year to allow me to buy a qualifying new car, why can't she do that? What about my brother? What about a neighbor? What about a stranger with whom I strike a deal?
I will take that old Tahoe for $4500 cash. That's a nice looking truck. Strong like bull too.
What happens to the "clunker" once it's traded in?
What happens when you go to buy that "clunker" once it's traded in? Oh here ya go http://corporateabuse.net/2009/06/buying-a-used-car-from-a-dealership/
Bowrider, according to the law, all clunkers turned in must be scrapped.
Why not just donate car to Cars4Charities Car Donation Center. Get a tax deduction and help one of over 1,000 charities. Call 866.448.3487 or go to www.cars4charities.org.
so the voucher can go towards the new car? instead of paying 28k i pay 23.5k?
I foresee a new criminal element in the future for the "clunker black market."
I think the biggest problem with this legislation is that GM and Ford do not have the better versions of their small cars available yet, ie the Cruz, Fiesta, and new Focus. If this happens again next year, this could help people see that there are some good American 4 cyls out there.
Many people find donating a car more beneficial. Besides a tax break, the charity receives much needed funds. For more information visit www.carshelpingamerica.org or any reputable car donation organization.
Rules are unclear, I emailed the gov. site, with no response. I got
2 clunkers, it just so happens that 1 is better than the other, so I
switch the registration and insurance 2 months ago. I'm trying to
sell the 93 explorer 4x4, but I want to know if it would be eligible
for the program, it meets the MPG requirements, but the registered
and insured in the year prior clause is unclear to me. I would have
never spent $600.00 repairing my 93 probe GT, and switching
registration and insurance, if I would have known that this could
possible make them ineligible for the program, this clause seems
unfair, if so. I have drove the explorer for a year, before switching
to the probe, which was broken down. Prior to that I drove the probe
for thirteen years. If anyone should be eligible, it should be me.
The Cars For Clunkers legislation is actually very focused and is only available for a limited four month time frame. It offers participants the opportunity to trade in certain older cars for certain other new ones. Unfortunately, many cars do not qualify for the program and therefore are still ideal for the 'traditional' car donor option. Such non-qualifying cars let people give their cars to non-profit organizations who help people with many different kinds of needs, like supporting youth organizations or our older folks or to help promote the arts and health research.
Help yourself with the Cash for Clunkers program if you qualify or if you don't qualify or would like to help others, give your "clunker" to charity and take a tax write-off!
Here are 400 not-for-profit organizations that can always benefit from your 'clunker' or unneeded vehicle. To donate your car, just click on the link to the charity on the web pages below.
http://www.donatecarusa.com/charities/full_list
http://www.donatecarusa.com