User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


66° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Money Matters: Cash For Clunkers

June 30, 2009, 9:50 PM by Angela Kennecke

We've told you how the new Cash for Clunkers federal rebate program signed by President Obama is expected to put more of a strain on the already tight used car market.  But a lot of people are asking how this new rebate program works to put them into a new vehicle.

The first thing you need to know is that it's no longer called Cash for Clunkers, but rather the Car Allowance Rebate System, or C.A.R.S for short.

Basically, if you want to get into a new car, you may be able to get $3500 or $4500 to go toward a new one. But it's important to note that is not on top of the trade-in value of your vehicle. Local dealers expect to see cars in the $500 to $1,000 price range coming in.

Here's how you know if your car qualifies for the trade in credit:

• It has to be less than 25 years old.

• It gets 18 miles a gallon or less.

• It's drivable, registered and has been insured for the past year.

The law allocates $1 billion for the program, which is being administered by the National Highway Traffic Safety Administration.  The NHTSA has 30 days to put out the details of the plan, which will end November 1.

You don't need a voucher. The car dealer will apply the rebate. Beware of scams going around online that ask consumers to pre-register. That's not part of the program. Cars traded in on the program will be scrapped.

Car Allowance Rebate System

Previous Story

Next Story




Sponsored
 

You may also like

Jury Finds Annette Bosworth Guilty

5/27/2015 6:43 PM

A jury has found a former U.S. Senate Candidate guilty of perjury and filing false documents.

Full Story
Former Sioux Falls Teacher Sentenced To 15 Years

5/22/2015 11:04 AM

In February, Drueppel admitted she had a relationship with a student while working as a teacher at a Sioux Falls middle school.

Full Story
Amber Alert For Missing Girl Cancelled

5/28/2015 3:02 PM

An Amber Alert for a 12-year-old Iowa girl has been cancelled.

Full Story
Shooting Death Investigation Underway In Brown County

5/27/2015 10:40 AM

An Aberdeen man is dead in what may have been an accidental shooting.

Full Story
Elementary School's Playground Destroyed By Fire

5/23/2015 5:14 PM

Sioux Falls Fire Rescue put out a fire on the playground of Hawthorne Elementary Saturday afternoon that damaged the school.

Full Story


Events