About Cash For Clunkers

What is the “Cash for Clunkers” Car Allowance Rebate System?

President Obama signed into law a program called the Car Allowance Rebate System (CARS) also known as Cash for Clunkers. This is a federal program that helps you purchase a new, more fuel efficient vehicle when you trade in a less fuel efficient vehicle.  This program runs through November 1, 2009 or when funds are exhausted, which ever comes first.

Do I Qualify for the CARS Program?

  • The vehicle is titled in your name for at least one year
  • The vehicle has been insured for the past year
  • The vehicle is in drivable condition
  • The vehicle is less than 25 years old at the date of trade-in
  • The trade-in vehicle must get 18 MPG's or LESS www.fueleconomy.gov/feg/findacar.htm
  • Large pick-up trucks and cargo vans may have to meet different requirements
  • have not previously participated in the CARS program

Are there limitations on the vehicle I purchase?
  • CARS program does not allow you to purchase a used vehicle
  • You may lease a new vehicle provided the lease period is 5+ years
  • MSRP on purchase vehicle may not exceed $45,000.00
  • The new vehicle to be purchased must have a combined fuel economy value of at least 22 MPG
  • Different fuel economy requirements apply for work trucks
  • More information available at http://www.cars.gov

Your Trade-in and new vehicle does not qualify?  DONATE your vehicle to UBCF today!
  • Tax Deductible!
  • Fast, FREE pick-up!
  • Receive $1,000 worth of Grocery Coupons!
  • Feel GREAT for supporting breast cancer patients and their families!