cash for clunkers requirements | Cash for Clunkers Suspended

The Cash for Clunkers program has been active for just over a week. The Cash for Clunkers program has been so successful that lawmakers are now doubtful about its ability to continue. Will the program be suspended? The initial intention of the program was to motivate vehicle owners to upgrade to more fuel efficient newer model vehicles. The CARS (Car Allowance Rebate System) offers a $3,500 – $4,500 rebate to those who exchanged a vehicle with 18 miles per gallon or less for a more fuel efficient new automobile.

The governmemt plans to suspend the cash for clunkers program at midnight tonight because the popular program has used up all its money, according to reports from the Detroit Free Press.he program, which was budgeted for $950 million, gave people $3,500 or $4,500 toward a new car if both the old and new cars met miles per gallon criteria.