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.


21° 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
Find Local Businesses on KELO Pages!

You may also like

1 Dead After ATV Goes Through Ice On Perkins Co. Lake

1/25/2015 8:08 AM

A Newcastle, Wyoming man died after an ATV broke through the ice on a lake in northern Perkins County in South Dakota.

Full Story
Augustana College Student Found Safe

1/28/2015 10:56 AM

On Tuesday, a 19-year-old student left her room saying she was headed to the bathroom. Her roommate reported her missing when she had not returned.

Full Story
Parents Want Those Responsible For Racist Behavior At Hockey Game Held Accountable

1/28/2015 10:05 PM

More than 100 Native Americans met Wednesday with Rapid City official to discuss what Rapid City Police Chief Karl Jegeris called racist and criminal ...

Full Story | Watch
SD Legislation: Daylight Saving Time All The Time

1/28/2015 6:02 PM

Imagine driving home in the winter with the sun still shining. It could be possible if a proposal in the South Dakota legislature passes that would pu...

Full Story | Watch
5 More Flu-Related Deaths Reported In SD

1/23/2015 11:42 AM

The latest report from the South Dakota Department of Health shows that 23 people have died from the virus this season.

Full Story


Events