Cash for Clunkers: what’s covered under program
Written on June 22, 2009
The program requires a minimum fuel economy for the new vehicle and mileage improvement from the trade-in vehicle.
By type of trade-in vehicleMinimum fuel economy for new vehicleMinimum mpg increase to get $3,500 Minimum mpg increase to get $4,500 Passenger car or minivan 22 mpg4 mpg 10 mpg more Light-duty crossovers, SUVs, small pickups and vans 18 mpg2 mpg 5 mpg more Large pickups and vans 15 mpg1 mpg or trade in of work truck2 mpg more
Work trucks with gross vehicle weight of 8,500-10,000 lbs business cards.
Trade-in must be pre-2002 model year to get $3,500 for new same-class or smaller truck.
Fuel economy defined as the EPA’s combined average of city and highway miles per gallon. Visit www.fueleconomy.gov to find more criteria and your vehicle’s combined fuel economy.
Source: Edmunds.com
Filed in: management.