7/8/09

Cash for Clunkers

Cash for Clunkers or CARS (Car Allowance Rebate System) as the government calls it started July 1st, however the government has until July 24th to create all the rules. With that said Emich VW has chosen to honor CARS rebates as long as the trade-in vehicles qualify under the current rules and have all the supporting documentation.

Basic rules to qualify for a CARS rebate

1) Current vehicle has a combined fuel rating of 18 MPG or less. Go to www.fueleconomy.gov to find out what your vehicle gets.
2) Vehicle is in drivable condition.
3) The vehicle has been owned for at least 1 year
4) The vehicle has been insured for at least 1 year
5) To get a $3500 rebate you must improve your gas mileage by at least 4 MPG if you purchase a car and at least 2 MPG if you purchase a light truck or SUV.
6) To get a $4500 rebate you must improve your gas mileage by at least 10 MPG if you purchase a car and at least 5 MPG if you purchase a light truck or SUV.

What that means if you are buying a VW:

All Volkswagen cars qualify under the program except CC's with the 3.6L V6 engine.

For SUV's the Tiguan, Routan with 4.0L engine, and TDI Touareg qualify (Unsure if all TDI Touaregs will qualify based on $45,000 Max MSRP)

Best cars to buy under the program:

All qualifying trade-in vehicles qualify for the $4500 rebate if you purchase a new Jetta or Jetta Sportwagen TDI, plus you are eligible for a $1,300 tax rebate.

If your current vehicle gets 16 MPG or less it may qualify for the $4500 rebate if you purchase a Tiguan.

No comments: