LAFAYETTE, Ind. (WLFI) - If you think your old car is worthless, think again. You couldget up to $4,500 for it!
Bring in your old gas guzzler car and you can get up to $4,500back toward your purchase of a new car. The program officiallystarted today and is already getting a lot of interest from thepublic, but not all cars qualify.
"A certain mileage is going to get $3,500 and then a certainbetter mileage is going to get up to $4,500," said Bob Rohrman autogroup general manager Tony Eichholz.
If your car was made between 1984 and 2009, gets 18 miles pergallon or less, has been insured and registered in your name for ayear and is running, you can get at least $3,500 toward thepurchase of a new car.
Eichholz said the program's purpose is to stimulate the economyand take gas guzzlers off the road for good.
"The government has stressed that this is a clunker bill whichmeans this car is not eligible to be driven again. Once we takethis car in on trade, it goes to the salvage yard. And the salvagecompany has to destroy the engine," said Eichholz.
The money from the Car Allowance Rebate System or CARS can becombined with dealer incentives for even more savings.
"Say you wanted a new G6, we have zero percent for 60 months,you get $4,500 worth of rebate, you get special GM discount, thatgets you another several thousand dollars and then you can geteither $3,500 or $4,500 from the US government right on top ofthat," said Mike Alsop.
Mike Raisor Ford General Manager Mike Alsop said people havebeen waiting to take advantage of the new program since it wasannounced a month ago, even though it didn't officially start untilFriday.
"We've already done 12 here at this location and several of ourother locations so we've probably done 20 so it's ratherinteresting," said Alsop.
The government has set aside $1 billion to fund this program.When the money ends, so does the program. And Alsop said while itwas scheduled to run through November, he doubts it will last thatlong.
"I don't know that it will make it through the next three orfour weeks," said Alsop.
The new car you purchase with the clunker money must not exceed$45,000.
To find out if your car qualifies you can ask a localparticipating dealer or Click Here
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