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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > USA - NY / NJ / CT / PA > New Law :Car Allowance Rebate System (CARS).



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      07-23-2009, 11:40 AM   #1
Kodak
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Drives: 06 325xi, 4dr, Alpine
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Thumbs up New Law :Car Allowance Rebate System (CARS).

Car Allowance Rebate System (CARS).
http://www.cars.gov/


Important Things to Know

  • Your vehicle must be less than 25 years old on the trade-in date
  • Only purchase or lease of new vehicles qualify
  • Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans have different requirements)
  • Trade-in vehicles must be registered and insured continuously for the full year preceding the trade-in
  • You don't need a voucher, dealers will apply a credit at purchase
  • Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.
  • The program requires the scrapping of your eligible trade-in vehicle, and that the dealer disclose to you an estimate of the scrap value of your trade-in. The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate.
Car Allowance Rebate System (CARS).
http://www.cars.gov/
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