Cash for Clunkers 2009 Program Launched
The much anticipated Cash for Clunkers Program is officially in full swing. The U.S. Government is finally giving a chunk of the bailout back to the everyday person, offering between $3500 and $4000 for old vehicle trade-ins with the purchase of a new vehicle. Not too shabby if you’re in the market for a new car or have an old one laying around.
Clearly, the strategy here is two-fold: the first part of the plan is to cut back on fuel demand and greenhouse gases by getting rid of old clunkers and trading them for modern, fuel-efficient cars; the second part is to stimulate the economy by getting people to open up their wallets and spend some cash. Uncle Sam says he has a pool of around $1 billion to devote to the Cash for Clunkers Program. The program is slated to go until November 30th of this year, but will stop early if funds are depleted. So go and trade your clunker in while there’s still some loot left!
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