For those of you who may be in the market for a new car (cough, V, cough), the government’s “Cash for Clunkers” program is apparently still on. The program offers consumers $3500 to $4500 for their old cars if they trade them in for a vehicle with better fuel economy. But hurry, the offer may end very soon:
But Senator Carl Levin, Democrat of Michigan, underscored the uncertainty about the immediate prospects. “We don’t know how long it will last, so people should go to their car dealers now if they want to take advantage of the program,” he said. “We’re also going to seek additional funding to hopefully make the program last longer.”
But there is a catch:
Cars submitted under the program were to be junked. They had to be less than 25 years old and have a fuel economy, as rated by the window sticker, of 18 miles a gallon or less.
Sorry V, but I do not think your car will meet that last requirement.
Update: Time has a piece on this here.