$2 Billion Added To Cash For Clunkers Program (CARS) By House Approval

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The House has voted in favor of providing an additional $2 billion to Cash For Clunkers Program / Car Allowance Rebate System (CARS). The bill was approved on a vote of 316-109. House members acted within hours of learning from Transportation Secretary Ray LaHood that the program was running out of money.

The Cash For Clunkers Program, now known as Car Allowance Rebate System (CARS) is a new program from the government that will help you pay for a new, more fuel efficient car or truck from a participating dealer when you trade in a less fuel efficient car or truck.

But Wait!!! There are several requirements and certain conditions that must be met for the car or truck you wish to buy. We encourage you to review our Questions & Answers Section or access the NHTSA website at www.cars.gov. Once you get more familiar with the Cash For Clunkers Program (CARS), we have a list of Participating Cash For Clunkers Dealers that can help you determine whether you have an eligible trade in and offer competitive prices on the New Vehicle you purchase. You can also get started in your New Vehicle purchase by submitting a Cash For Clunkers Price Request, our site will connect you with a Local Dealer near you to assist with the process involved in the Cash For Clunkers Program (CARS).

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(information courtesy of AP Associated Press – copyright 2009 Associated Press.)