Financial Accuracy

Cash for Clunkers is underway and the government is starting to hand over money to those who turn in cars that are currently getting poor gas mileage. The cash for clunkers program is an attempt to help the environment by providing incentives for people to buy newer and more eco-friendly cars. The government has set aside $1 billion in for the program.

Cash for Clunkers gives away anywhere from $3,500-$4,500 per car/truck that is turned in. The amount of money given depends on what type of car the consumer is upgrading to. If the car is more fuel efficient, the consumer will be on the higer end. Cash for clunkers is expected to be a hit and over 80,000 dealerships have signed up to participate tin the program.

So incase anyone is looking for a new car and would like an extra $4,500 towards the purchase of their new car, this is the way to do it.