Cash For Clunkers becomes law – but watch out for scams

President Obama signed the Cash For Clunkers bill today, which gives gas hog owners the chance to convert their old rides into government cash vouchers up to $4,500. It goes into effect in 30 days under the direction of the Transportation Department and will be effective for the rest of the year.

But look out. Officials are already warning folks of scams
that suggest you have to “sign up” to participate.

…be wary of any site that says you have to register to participate in the program, or asks you for any personal information. NHTSA reminds consumers, “You do not need a voucher and you are not required to sign up or enroll in this program. Participating new car dealers will apply a credit, reducing the price you pay at the time of your purchase or lease, provided the vehicle you buy or lease and the vehicle you trade in meet the program requirements. The dealer will then obtain reimbursement from the government.”

via Cash for Clunkers News – U.S. News Rankings and Reviews.

Check out Iwanna’s local car dealer inventories here.

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