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The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel-efficient vehicle when trading in a less fuel-efficient vehicle.
The Car Allowance Rebate System, better known as "Cash for Clunkers," was a big success in helping car owners trade in their old automobiles for new fuel-efficient ones back in July and August.
The main federal incentive for consumers to purchase fuel efficient vehicles is to give tax credits. States also have their own incentive programs to further incentivize fuel efficient vehicles in their own states. These incentives range from more tax credits, to discounts on insurance, to price reductions on car registration fee's.
The U.S. government is committing $23.7 trillion to various rescue programs and it has raised the national debt to $11.3 trillion. Are any of these programs doing a shred of good? For the most ...
The Car Allowance Rebate System (CARS) was a $3,000,000,000 US federal program that helps US citizens to purchase a new, more fuel efficient vehicle when trading in an older, more polluting vehicle. The program officially started on 1 July 2009 and claims began to be processed until 24 July, [ 39 ] and ended on 24 August 2009; as the ...
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It is frequently compared to the Car Allowance Rebate System (CARS), colloquially known as "Cash for Clunkers," which was a 2009 federal program to encourage replacing cars with low fuel efficiency.
Some automakers say that the federal government is not doing enough with the scrappage program and contrasted it with the American Car Allowance Rebate System, where people who bring in a vehicle less than 25 years old may receive US$3,500 to US$4,500 towards a new vehicle.