The cash for clunkers stimulus is a program that has been developed by Congress in which you can get up to $4,500 cash back for your old clunker. There are a few rules however that have to be followed in order to qualify your car to get the maximum amount of cash back for your car, truck, or SUV. It’s an incentive program that you can take advantage of at any dealer nationwide since it’s a federal program. Cash For Cars Sydney
The qualifying cars for this stimulus package are said to be at least 8 years old and have to get anything less than 18 miles per gallon on average. So if your car is 7 years old or gets 20+ miles per gallon on average, it won’t qualify for this stimulus bill. The other stipulation for the cash for clunker program is that you need to have title on the car for at least one year. What this does is prevent people from going to the junk yard or buying a car off someone for a couple hundred bucks and then going to the dealer to turn it in to $4,500 profit.
The other qualification needed is that there is only one of these rebates per person so you can’t do this more than one time. You can however have more than one person in the house hold take advantage of the program as long as they have their own name on the title of the vehicle and isn’t a joint owner with someone else who already claimed the cash.