When you're struggling financially and need transportation, you'll take what you can get, even if it means driving a car that's in pretty sorry shape. I know, I've done it myself.
Soon, however, the U.S. Government will be lending a helping hand. They plan to offer a rebate incentive to people who are driving old beat up, gas guzzlers. By trading in their ecologically unfriendly model, they will receive between $3,500 and $4,500 off their next new car purchase or lease.
It's all part of the CARS program. CARS stands for Car Allowance Rebate System. The goal is to put more fuel effecient cars on the road. Here are some things you'll need to know:
- Your old car must be less than 25 years old and get 18 or less miles per gallon.
- The car must also be registered and insured for the last year.
- You will have to purchase or lease a new vehicle, used models are not part of the program.
- The amount you receive in rebate will depend on the type of vehicle you purchase, and the difference in fuel economy between it and your old car.
The program is set to begin in mid to late July, and is pending approval by President Obama.
If you want to learn more about this program click the link below.