Cash for Clunkers: More incentives for car buyers

Cash for Clunkers

New incentives are moving through Congress to help stimulate new car sales, including the “Cash for Clunkers” program now being discussed in the House. This is on top of the tax incentives for new car purchases mentioned here earlier.

Under the plan, consumers can turn in cars or light-duty trucks that get less than 18 miles a gallon. If they buy cars that have “window sticker” mileage ratings of at least four miles a gallon more than their old cars, they will receive a voucher worth $3,500. If they buy cars that get at least 10 miles a gallon more than their old car, they receive $4,500.

via Congress Close on ‘Cash for Clunkers’ – Wheels Blog – NYTimes.com.

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