Cash for Clunkers Qualifying Cars

Yesterday there were reports that the Cash for Clunkers program is set to be suspended. But that will not happen anymore (at least for now) because the US government has increased the budget for the program from $1 billion to $2 billion. Reuters and the New York Times reported thata:

"The U.S. government will not suspend its $1 billion "cash for clunkers" auto sales incentive even though confirmed sales and pending transactions neared the limit of 250,000 vehicles much sooner than expected, an Obama administration official said on Thursday night.

And does your car qualify, you ask now? Here is a quick guide:

Your trade-in vehicle must

* have been manufactured less than 25 years before the date you trade it in
* have a “new” combined city/highway fuel economy of 18 miles per gallon or less
* be in drivable condition
* be continuously insured and registered to the same owner for the full year preceding the trade-in
* The trade-in vehicle must have been manufactured not earlier than 25 years before the date of trade in and, in the case of a category 3 vehicle, must also have been manufactured not later than model year 2001

Note that work trucks (i.e., very large pickup trucks and cargo vans) have different requirements.

So on with the program, and everyone's happy. And here's a complete list of Cash for Clunkers Qualifying Cars