The Cash For Clunkers program appears to have been signed into law, however still has a few hurdles to clear. Nay sayers claim it's another bailout geared to help American auto companies shed their gas guzzler inventories.
This program could contribute up to $4500 towards the purchase of your new Civic GX, in addition to the other incentives already available in your area. Principal of these is the $4000 tax Credit, and in my area, a $3000 grant designed to offset the incremental cost.
The program is set to kick off near the end of July and run to Nov 1st. Your current vehicle has to have been in your name and registered for the past year, average 18 mpg or less and, depending on what mileage gains the new car gives you, would get you either $3500 or $4500 towards the purchase of a new car... any new car.
I've attached a copy of the bill for your review. Google "Cash fro Clunkers" and you can get most of the details. You can go to www.fueleconomy.gov and check to see if your car averages over 18mpg. I believe the program only applies to cars less than 25 years old.
This program could contribute up to $4500 towards the purchase of your new Civic GX, in addition to the other incentives already available in your area. Principal of these is the $4000 tax Credit, and in my area, a $3000 grant designed to offset the incremental cost.
The program is set to kick off near the end of July and run to Nov 1st. Your current vehicle has to have been in your name and registered for the past year, average 18 mpg or less and, depending on what mileage gains the new car gives you, would get you either $3500 or $4500 towards the purchase of a new car... any new car.
I've attached a copy of the bill for your review. Google "Cash fro Clunkers" and you can get most of the details. You can go to www.fueleconomy.gov and check to see if your car averages over 18mpg. I believe the program only applies to cars less than 25 years old.
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