Does anyone know if a local dealership is matching the $4500 cash for clunkers program? My mother and a co-worker both "heard" this on "the radio." I haven't been able to verify this anywhere. Anyone know?
"Participating" is bogus. All dealerships are "participating" because it's federal legislation. I'm trying to find out if one is "matching" the money.
I don't know, but maybe you should call around and find out since there's like about 10 Toyota dealerships. BTW, anybody who wants to do this better act right now. There isn't as much money for this program as you think and it will be drained of money soon if it didn't already happen this weekend.
Isn't this a government sponsored thing? I think whatever car you buy has to get better gas mileage than the one you're trading in. I can't remember the number exactly, but just as an example let's say that you can only get the $4,500 if you buy a car that gets 8 more mpg than the one you're trading in. If your car gets 19 mpg, then you have to buy a car that gets 27 mpg (combined city/hwy) to get the discount. This is something that's being left out of the commercials. There are restrictions. You have to have owned the car you're trading in for a year and it has to have been insured for a year as well. So you can't just go out and buy and old piece of crap that has poor gas mileage and trade it in to get the discount. I think there's one rate to get $4,500 and another to get $3,500.
I traded my Jeep GC over this weekend for a new Versa SL. Great deal. For anyone thinking about this read the website from the link provided by Oski carefully. I forgot this part: "The program requires the scrapping of your eligible trade-in vehicle, and that the dealer disclose to you an estimate of the scrap value of your trade-in. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate." The didn't mentioned the scrap value of my Jeep! I Wonder how much more I could have gotten for it.
I was speaking off the top of my head. I think I heard it on the cars show they have on 610 one morning. I couldn't remember the details. The link Oski posted just said it had to be 25 years old or less.
From what I can tell, the 2001 restriction is for type 3 trucks (work trucks). Do a Ctrl+F search for "category 3" on this page: http://www.cars.gov/faq
