Friday, July 3, 2009

"Cash for Clunkers" What is the Car Allowance Rebate System?

At OC Mazda, both Tustin Mazda and Huntington Beach, we are your Cash 4 Clunkers Experts! For more information we encourage you to go to the link at the end of this article. For that 10 year old clunker that's getting 13 or 14 MPG, you'll be able to get a credit of either $3500.00 or $4500.00, depending on what you buy, towards the purchase of a brand new, fuel efficient Mazda! Combine it with the great Mazda Factory Incentives and your new Mazda will be thousands of dollars off the sticker price. If you've been thinking about getting a new car, now, is the ABSOLUTE BEST TIME-EVER! This government assisted program will not last very long, so take advantage of this right now!

President Obama signed into law a program the National Highway Traffic Safety Administration (NHTSA) is calling the Car Allowance Rebate System (CARS). This is a federal program that helps you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle.


What is the Car Allowance Rebate System?
The Car Allowance Rebate System is a new program from the government that will help you pay for a new, more fuel efficient car or truck from a participating dealer when you trade in a less fuel efficient car or truck.


Fact Sheet: Car Allowance Rebate System (“CARS”)
The “Car Allowance Rebate System” – also known as Cash for Clunkers – was signed into law on June 24, 2009.

The CARS program allows a consumer to trade in
an older, fuel-inefficient vehicle and receive a government incentive of either $3,500 or $4,500
to help pay for a new, more fuel-efficient car or truck.

The customer does not need a paper voucher and is not required to sign up or enroll in the program. Participating new car dealers will apply a credit, reducing the price
paid at the time of purchase for an eligible new vehicle. The dealer will then obtain reimbursement from the government. The program begins when the final
regulations are issued by the U.S. Department of Transportation in mid- to late-July and runs through October 31, 2009 or until the funding is depleted, whichever
occurs earlier. Congress has provided $1 billion for the program, a sufficient amount for approximately 250,000 vehicles.






http://www.cars.gov/

http://www.ocmazda.com