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Monday, August 03, 2009

Video of Goverment Clunkers being Destroyed

So here is how the program works.

The CAR Allowance Rebate System (CARS) is a $2 billion government program that helps consumers buy or lease a more environmentally-friendly vehicle from a participating dealer when they trade in a less fuel-efficient car or truck. The program is designed to energize the economy; boost auto sales and put safer, cleaner and more fuel-efficient vehicles on the nation's roadways.
Consumers will be able to take advantage of this program and receive a $3,500 or $4,500 discount from the car dealer when they trade in their old vehicle and purchase or lease a new one. The agency amended its rule implementing the CARS program.
 Your vehicle must be less than 25 years old on the trade-in date
 Only purchase or lease of new vehicles qualify
Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements)
 Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in
 You don't need a voucher, dealers will apply a credit at purchase
 Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.
 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.

Here is a sample of where our tax money is going to stimulate our economy, and there is more good news the Government is working on another 2 Billion so we can see more video’s like these destroying perfectly good cars.

Thank you President Obama

How Many of would of liked to have given up a real Clunker for one of these cars!!!!!

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