The Cash for Clunkers program apparently has been so successful that it is running out of money. The Senate is being asked to come up with more money for the plan which basically gives car buyers $3500 or $4500 when they purchase a new, more fuel efficient car. Sounds easy? Not so fast. There are rules. Many dealerships have rules posted. I opted for USA Today rules:
You can read a PDF of the whole thing here, but the National Highway Traffic Safety Administration basically says:
The eligible clunker has to be driveable and can’t be more than 25 years old. In the case of “very large” pickups and vans (8,500 to 10,000 pounds of gross vehicle weight), they must have been made since 2001.
The program runs through Nov. 1.
