cash for clunkers Archives - Transmission Digest
Cash for Clunkers

How the bill works is that people who trade in a clunker will receive a voucher worth $3,500 or $4,500 toward the purchase of a new “more fuel-efficient” car or truck. The new vehicle must have a minimum fuel economy of 22 mpg to qualify for the voucher. If the new car’s fuel efficiency is improved by at least 4 mpg compared with their previous car, the consumer will receive a $3,500 voucher. If the new car’s fuel efficiency is improved by at least 10 mpg, the consumer will receive a $4,500 voucher.