Question: What is the Cash for Clunkers Program?
Answer: Cash for Clunkers is designed to boost U.S. auto sales and help the environment by providing an economic incentive for consumers to replace old, dirty, low-mileage vehicles with new ones that are safer, use less fuel, and spew less pollution and fewer greenhouse gases into the atmosphere.
According to some estimates, Cash for Clunkers would lead directly to the sale of as many as a million new vehicles in one year.
Under the Cash for Clunkers program, the government would send vouchers worth up to $4,500 to automobile dealers on behalf of consumers who trade in their older, low-mileage vehicles for new, fuel-efficient models.
Cash for Clunkers FAQ:
- What is the Cash for Clunkers Program?
- How Does the Cash for Clunkers Program Work?
- What are the Benefits of the Cash for Clunkers Program?
- What are the Drawbacks of the Cash for Clunkers Program?
- Who is Eligible for the Cash for Clunkers Program?
- How Much Will the Cash for Clunkers Program Cost Taxpayers?
- What Happens to Old Cars Under the Cash for Clunkers Program?
- How Long Will the Cash for Clunkers Program Last?