In attempt to give the car industry a little push forward, Congress and the Senate have passed the Cash for Clunkers legislation. The Cash for Clunkers Bill also hopes to get a lot of older high emissions vehicles off the road.
The Cash for Clunkers bill, gives Cash vouchers for up to a $4,500, toward the purchase of a new car in exchange for an older car giving 18mph or less. The car being exchanged can not be more than 25 years old.
Further information on the new legislation will clarify all the rules and ualifications. It is yet to be seen if the program well be as helpful to the auto industry as hoped, or if the program will run smoothly and effective for those who choose to participate. [more]
http://www.ehow.com/how_5107402_benefit-ca...
Posted By: Pamela Lipscomb
Monday, July 27th 2009 at 1:12AM
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