Saturday, July 25, 2009
"Cash for Clunkers" rules announced
Two weeks ago I mentioned Hyundai getting a jump start on the so-called "Cash for Clunkers" program whereby Washington will offer incentives of $3500 to $4500 per vehicle if the owner of these older gas guzzlers trades it in for a more fuel efficient car.
Well, the government finally announced the official rules, so if you have a car in the States worth less than $3500 or $4500 and you've been looking into getting a new car, now's the time. Fortunately for Hyundai, the official rules are pretty much the same as the proposed guidelines that had been announced. Otherwise they'd have a few jalopies on their hands.