JASON ZAMBON INTERNET SALES MANAGER- 970-590-4101 or Toll Free (800) 320-2438
Congress has passed legislation that would give car buyers a $3,500 or $4,500 voucher for trading in an old, inefficient vehicle for a new, more-efficient one between July 1 and November 1, 2009. The program referred to as “Cash for Clunkers” legislation has passed the House and the Senate. The legislation takes affect as of July 1, 2009 and will run until November 1, 2009 or until the $1 billion allocated fund is depleted. Due to the limited time and the limited amount of money provided by the government, it is very important to understand how to take advantage of this legislation.
To Qualify, Your Trade-In vehicle must:
· Be in driveable condition
· Have been continuously insured consistent with State laws and registered to you for at least one year immediately prior to trade-in
· Be manufactured less than 25 years before the date of the trade-in
- Have a combined MPG of 18 or less
MPG requirements for 1985 model year vehicles and newer are based on the Combined "New EPA MPG"
Incentive Amount
The incentive amount depends upon the kind of vehicle you want to purchase, its MPG relative to your trade-in vehicle, the kind of vehicle you are trading in and the actual cash value of your trade. Your trade-in will be scrapped or parted out rather than resold by the dealer. Therefore, the new vehicle's price will be reduced by the incentive amount instead of the amount the dealer would normally give you for trade-in.
How do I participate in this program?
You can participate in this program by purchasing a new vehicle from a participating new car dealership. The incentive amount will be applied to the new vehicle purchase price or lease price rather than sent to you.
