Congress has pashed the controversial Cash for Clunkers bill. The program is being pegged as an Automotive Stimulus bill and to get dealers more involved in the program, a new website has been launched. The Cash for Clunkers Headquarters website was set up by the Automotive Consumer Council.

“To be certified by the www.CashForClunkersHeadquarters.com dealers must agree to match a minimum of $500 up to $4500 in additional discounts on top of the government funded vouchers on select models that meet program requirements. In addition, certified dealers agreed to offer a similar program for pre-owned vehicles, an area that was removed from the governments legislation. That means consumers have an opportunity to save up to $9500 off of a new vehicle and $4500 on a pre-owned vehicle while reducing their gas bill at the same time.” Source: PR Newswire

If cash-strapped dealers can muster the funds to join this program, consumers stand to save a big chunk of change on a more fuel-efficient vehicle.

Now on to the details of the bill:

Passenger Car or Minivan – The new vehicle must have a minimum of 22 mpg combined. If the new vehicle is an improvement of 4 mpg over the trade-in vehicle, the consumer is eligible for a $3,500 voucher. If the new vehicle is 10 mpg more efficient, the consumer is eligible for a $4,500 voucher.

Light-duty truck – The new vehicle must have a minimum of 18 mpg combined. If the new vehicle is at least 2 mpg more fuel efficient, the consumer will qualify for a $3,500 voucher. If the fuel efficiency is at least 5 mpg higher, a $4,500 voucher will be given.

The cash for clunkers bill also applies to large light-duty trucks and work trucks.

Photo by youngthousands

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